Pacifica Capital Investments LLC Has $3.30 Million Holdings in Bread Financial Holdings, Inc. (NYSE:BFH)

Pacifica Capital Investments LLC cut its stake in Bread Financial Holdings, Inc. (NYSE:BFH) by 17.7% in the first quarter, Holdings Channel.com reports. The firm owned 88,585 shares of the company’s stock after selling 19,079 shares during the quarter. Bread Financial makes up approximately 1.0% of Pacifica Capital Investments LLC’s investment portfolio, making the stock its 11th largest position. Pacifica Capital Investments LLC’s holdings in Bread Financial were worth $3,299,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BFH. National Bank of Canada FI boosted its stake in shares of Bread Financial by 1,280.6% during the 4th quarter. National Bank of Canada FI now owns 2,416 shares of the company’s stock worth $80,000 after buying an additional 2,241 shares during the last quarter. Pinnacle Holdings LLC acquired a new position in shares of Bread Financial during the 4th quarter worth about $83,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Bread Financial by 19.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,771 shares of the company’s stock worth $124,000 after buying an additional 603 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Bread Financial during the 4th quarter worth about $145,000. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of Bread Financial during the 4th quarter worth about $206,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on BFH shares. 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. BTIG Research assumed coverage on shares of Bread Financial in a report on Friday, June 7th. They issued a “neutral” rating on the stock. Jefferies Financial Group upped their target price on shares of Bread Financial from $35.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday. BMO Capital Markets upped their target price on shares of Bread Financial from $31.00 to $33.00 and gave the company a “market perform” rating in a report on Friday, April 26th. Finally, Barclays upped their target price on shares of Bread Financial from $26.00 to $32.00 and gave the company an “underweight” rating in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $41.69.

Bread Financial Stock Performance

Bread Financial stock traded up $0.15 during trading hours on Wednesday, hitting $46.19. The company had a trading volume of 813,515 shares, compared to its average volume of 789,872. Bread Financial Holdings, Inc. has a one year low of $26.08 and a one year high of $46.46. The firm has a 50-day moving average of $42.06 and a 200 day moving average of $37.68. The firm has a market cap of $2.29 billion, a PE ratio of 5.82, a PEG ratio of 0.20 and a beta of 1.98. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18.

Bread Financial (NYSE:BFH) last announced its earnings results on Thursday, April 25th. The company reported $2.73 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.19). Bread Financial had a return on equity of 14.44% and a net margin of 8.08%. The business had revenue of $991.00 million for the quarter, compared to the consensus estimate of $998.96 million. During the same period in the prior year, the business posted $9.08 earnings per share. The firm’s revenue for the quarter was down 23.1% compared to the same quarter last year. On average, sell-side analysts expect that Bread Financial Holdings, Inc. will post 5.64 earnings per share for the current year.

Bread Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 10th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.84 annualized dividend and a dividend yield of 1.82%. Bread Financial’s dividend payout ratio is presently 10.58%.

About Bread Financial

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.