Vista Investment Management Buys 1,613 Shares of Bread Financial Holdings, Inc. (NYSE:BFH)

Vista Investment Management lifted its holdings in shares of Bread Financial Holdings, Inc. (NYSE:BFH) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,271 shares of the company’s stock after purchasing an additional 1,613 shares during the period. Vista Investment Management owned 0.05% of Bread Financial worth $832,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Denali Advisors LLC increased its stake in Bread Financial by 46.8% in the fourth quarter. Denali Advisors LLC now owns 153,402 shares of the company’s stock valued at $5,053,000 after purchasing an additional 48,900 shares in the last quarter. Pzena Investment Management LLC increased its stake in Bread Financial by 14.0% in the fourth quarter. Pzena Investment Management LLC now owns 807,557 shares of the company’s stock valued at $26,601,000 after purchasing an additional 99,029 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Bread Financial by 5.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 672,141 shares of the company’s stock valued at $22,140,000 after purchasing an additional 37,005 shares in the last quarter. Basswood Capital Management L.L.C. bought a new stake in shares of Bread Financial during the fourth quarter worth about $7,263,000. Finally, Allianz Asset Management GmbH bought a new stake in shares of Bread Financial during the fourth quarter worth about $1,823,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Wall Street Analyst Weigh In

BFH has been the subject of several recent research reports. BMO Capital Markets boosted their target price on shares of Bread Financial from $31.00 to $33.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. BTIG Research initiated coverage on shares of Bread Financial in a research note on Friday. They issued a “neutral” rating for the company. Wolfe Research upgraded shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research note on Thursday, April 4th. Keefe, Bruyette & Woods upgraded shares of Bread Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $38.00 to $67.00 in a research note on Thursday, May 2nd. Finally, Barclays decreased their price objective on shares of Bread Financial from $27.00 to $26.00 and set an “underweight” rating for the company in a research note on Tuesday, April 9th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $39.17.

Bread Financial Price Performance

Shares of Bread Financial stock traded down $0.33 on Tuesday, hitting $39.88. 120,085 shares of the company traded hands, compared to its average volume of 782,828. The firm’s 50-day simple moving average is $38.62 and its 200 day simple moving average is $35.81. Bread Financial Holdings, Inc. has a 12-month low of $26.08 and a 12-month high of $42.73. The company has a market cap of $1.98 billion, a P/E ratio of 5.06, a P/E/G ratio of 0.19 and a beta of 1.94. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43.

Bread Financial (NYSE:BFH) last released its quarterly earnings data on Thursday, April 25th. The company reported $2.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.19). Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. The firm had revenue of $991.00 million during the quarter, compared to analysts’ expectations of $998.96 million. During the same quarter in the previous year, the firm posted $9.08 EPS. Bread Financial’s revenue was down 23.1% compared to the same quarter last year. Analysts expect that Bread Financial Holdings, Inc. will post 5.58 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, May 9th. Bread Financial’s payout ratio is 10.58%.

Bread Financial Company Profile

Bread Financial Holdings, Inc provides tech-forward payment and lending solutions to customers and consumer-based industries in North America. It offers credit card and other loans financing services, including risk management solutions, account origination, and funding services for private label and co-brand credit card programs, as well as through Bread partnerships; and Comenity-branded general purpose cash-back credit.