BofI Holding Inc. (NASDAQ:BOFI)’s share price traded down 8.4% during mid-day trading on Wednesday . The company traded as low as $16.58 and last traded at $16.92, with a volume of 1,997,858 shares changing hands. The stock had previously closed at $18.48.

A number of equities analysts have recently issued reports on the stock. Vetr cut shares of BofI Holding from a “hold” rating to a “sell” rating and set a $20.80 price objective for the company. in a research note on Tuesday, April 12th. Zacks Investment Research cut shares of BofI Holding from a “buy” rating to a “hold” rating in a research report on Wednesday, March 30th. Craig Hallum assumed coverage on shares of BofI Holding in a research report on Thursday, April 7th. They set a “buy” rating and a $35.00 target price for the company. Finally, FBR & Co reiterated a “buy” rating on shares of BofI Holding in a research report on Saturday, April 30th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $29.79.

The company has a market cap of $1.08 billion and a PE ratio of 9.58. The company has a 50 day moving average price of $17.89 and a 200 day moving average price of $18.49.

BofI Holding (NASDAQ:BOFI) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.56 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.56. During the same period last year, the firm earned $1.35 earnings per share. The company had revenue of $92.90 million for the quarter, compared to the consensus estimate of $75.86 million. The company’s revenue for the quarter was up 57.2% compared to the same quarter last year. On average, equities research analysts forecast that BofI Holding Inc. will post $1.86 earnings per share for the current year.

A number of institutional investors recently added to or reduced their stakes in the company. Comerica Bank boosted its position in BofI Holding by 290.9% in the fourth quarter. Comerica Bank now owns 58,340 shares of the company’s stock worth $1,063,000 after buying an additional 43,416 shares during the period. Morgan Stanley boosted its stake in shares of BofI Holding by 128.5% in the fourth quarter. Morgan Stanley now owns 88,198 shares of the company’s stock worth $1,856,000 after buying an additional 49,607 shares during the last quarter. Swiss National Bank boosted 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 worth $1,591,000 after buying an additional 56,700 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of BofI Holding by 342.7% in the fourth quarter. Rhumbline Advisers now owns 77,143 shares of the company’s stock worth $1,624,000 after buying an additional 59,717 shares during the last quarter. Finally, New Amsterdam Partners LLC NY boosted its stake in shares of BofI Holding by 201.4% in the fourth quarter. New Amsterdam Partners LLC NY now owns 137,020 shares of the company’s stock worth $2,884,000 after buying an additional 91,553 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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