BofI Holding Inc. (NASDAQ:BOFI) was down 8.4% 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 research analysts have weighed in on BOFI shares. Vetr lowered BofI Holding from a “buy” rating to a “sell” rating and set a $20.08 price objective on the stock. in a report on Monday, March 21st. Zacks Investment Research lowered BofI Holding from a “buy” rating to a “hold” rating in a report on Wednesday, March 30th. Craig Hallum started coverage on BofI Holding in a report on Thursday, April 7th. They issued a “buy” rating and a $35.00 price objective on the stock. Finally, FBR & Co reaffirmed a “buy” rating on shares of BofI Holding in a report on Saturday, April 30th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $29.79.

The firm’s 50-day moving average is $17.81 and its 200 day moving average is $18.47. The firm has a market capitalization of $1.07 billion and a P/E ratio of 9.56.

BofI Holding (NASDAQ:BOFI) last announced its quarterly earnings results on Thursday, April 28th. The company reported $0.56 EPS for the quarter, meeting the consensus estimate of $0.56. The firm earned $92.90 million during the quarter, compared to analyst estimates of $75.86 million. BofI Holding’s revenue for the quarter was up 57.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.35 EPS. Analysts anticipate that BofI Holding Inc. will post $1.86 earnings per share for the current fiscal year.

Other large investors have recently made changes to their positions in the company. Employees Retirement System of Texas raised its stake in shares of BofI Holding by 460.0% in the fourth quarter. Employees Retirement System of Texas now owns 140,000 shares of the company’s stock valued at $2,947,000 after buying an additional 115,000 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of BofI Holding by 303.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,437,578 shares of the company’s stock valued at $51,311,000 after buying an additional 1,833,599 shares during the last quarter. Davis Capital Partners LLC raised its stake in shares of BofI Holding by 330.3% in the fourth quarter. Davis Capital Partners LLC now owns 1,420,000 shares of the company’s stock valued at $29,891,000 after buying an additional 1,090,000 shares during the last quarter. 1492 Capital Management LLC raised its stake in shares of BofI Holding by 282.9% in the fourth quarter. 1492 Capital Management LLC now owns 257,515 shares of the company’s stock valued at $5,421,000 after buying an additional 190,263 shares during the last quarter. Finally, Deere & Co. raised its stake in shares of BofI Holding by 5,079.4% in the fourth quarter. Deere & Co. now owns 94,213 shares of the company’s stock valued at $1,983,000 after buying an additional 92,394 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.