BofI Holding Inc. (NASDAQ:BOFI) shares saw unusually-strong trading volume on Tuesday . Approximately 701,971 shares traded hands during mid-day trading, a decline of 26% from the previous session’s volume of 944,525 shares.The stock last traded at $16.55 and had previously closed at $17.28.

A number of equities research analysts have recently commented on BOFI shares. FBR & Co reiterated a “buy” rating on shares of BofI Holding in a research report on Saturday, April 30th. Vetr upgraded shares of BofI Holding from a “sell” rating to a “buy” rating and set a $20.80 target price for the company in a research report on Monday, April 18th. Craig Hallum started coverage on shares of BofI Holding in a research report on Thursday, April 7th. They issued a “buy” rating and a $35.00 target price for the company. Finally, Zacks Investment Research upgraded shares of BofI Holding from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Monday. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. BofI Holding presently has a consensus rating of “Buy” and an average target price of $29.34.

The stock’s 50 day moving average price is $17.86 and its 200 day moving average price is $18.58. The stock has a market capitalization of $1.08 billion and a PE ratio of 9.64.

BofI Holding (NASDAQ:BOFI) last posted its quarterly earnings data on Thursday, April 28th. The company reported $0.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.56. The firm earned $92.90 million during the quarter, compared to analysts’ expectations of $75.86 million. During the same quarter last year, the business earned $1.35 earnings per share. The business’s quarterly revenue was up 57.2% on a year-over-year basis. On average, equities research analysts expect that BofI Holding Inc. will post $1.86 EPS for the current fiscal year.

Other institutional investors have recently bought and sold shares of the company. Russell Frank Co raised its stake in shares of BofI Holding by 332.9% in the fourth quarter. Russell Frank Co now owns 300,462 shares of the company’s stock valued at $6,373,000 after buying an additional 231,055 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of BofI Holding by 379.2% in the fourth quarter. Nationwide Fund Advisors now owns 271,656 shares of the company’s stock valued at $5,718,000 after buying an additional 214,964 shares during the last quarter. American Century Companies Inc. raised its stake in shares of BofI Holding by 1,115.2% in the fourth quarter. American Century Companies Inc. now owns 312,206 shares of the company’s stock valued at $6,572,000 after buying an additional 286,515 shares during the last quarter. Swiss National Bank raised its stake in shares of BofI Holding by 300.0% in the fourth quarter. Swiss National Bank now owns 75,600 shares of the company’s stock valued at $1,591,000 after buying an additional 56,700 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of BofI Holding by 304.4% in the fourth quarter. First Trust Advisors LP now owns 167,350 shares of the company’s stock valued at $3,523,000 after buying an additional 125,963 shares during the last quarter.

BofI Holding, Inc (BofI) is the holding company for BofI Federal Bank (the Bank). The Bank is a diversified financial services company. The Bank provides consumer and business banking products through its branchless, distribution channels and affinity partners. The Bank has deposit and loan customers across the nation, including consumer and business checking, savings and time deposit accounts and financing for single family and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables.

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