BofI Holding Inc. (BOFI) Sees Unusually-High Trading Volume
BofI Holding Inc. (NASDAQ:BOFI) saw unusually-strong trading volume on Monday . Approximately 976,950 shares changed hands during trading, a decline of 15% from the previous session’s volume of 1,153,151 shares.The stock last traded at $16.80 and had previously closed at $16.74.
Several research analysts have recently commented on BOFI shares. Vetr upgraded BofI Holding from a “hold” rating to a “buy” rating and set a $21.95 price target for the company in a research report on Tuesday, March 29th. FBR & Co reiterated a “buy” rating on shares of BofI Holding in a report on Saturday, April 30th. Zacks Investment Research upgraded BofI Holding from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Monday, July 4th. Finally, Craig Hallum began coverage on BofI Holding in a report on Thursday, April 7th. They issued a “buy” rating and a $35.00 target price for the company. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $29.79.
The firm’s 50 day moving average price is $17.41 and its 200-day moving average price is $18.25. The firm has a market cap of $1.06 billion and a P/E ratio of 9.44.
BofI Holding (NASDAQ:BOFI) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.56 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.56. The firm had revenue of $92.90 million for the quarter, compared to analyst estimates of $75.86 million. The firm’s revenue for the quarter was up 57.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.35 EPS. On average, equities analysts predict that BofI Holding Inc. will post $1.86 EPS for the current year.
A number of hedge funds and institutional investors have recently modified their holdings of the stock. Davis Capital Partners LLC boosted its position 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 worth $29,891,000 after buying an additional 1,090,000 shares in the last quarter. Swiss National Bank boosted its position in 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 period. 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 valued at $1,063,000 after buying an additional 43,416 shares during the period. Deere & Co. boosted its position in 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 period. Finally, Principal Financial Group Inc. boosted its position in BofI Holding by 324.7% in the fourth quarter. Principal Financial Group Inc. now owns 389,184 shares of the company’s stock valued at $8,193,000 after buying an additional 297,553 shares during the period.
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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