BofI Holding Inc. (BOFI) Shares Up 3.6%
BofI Holding Inc. (NASDAQ:BOFI) shares shot up 3.6% during mid-day trading on Thursday . The company traded as high as $17.90 and last traded at $17.87, with a volume of 452,077 shares changing hands. The stock had previously closed at $17.25.
A number of brokerages have issued reports on BOFI. Zacks Investment Research raised shares of BofI Holding from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. FBR & Co reissued a “buy” rating and set a $33.00 price objective on shares of BofI Holding in a research report on Thursday, August 4th. Finally, Vetr upgraded shares of BofI Holding from a “sell” rating to a “strong-buy” rating and set a $20.80 target price on the stock in a report on Wednesday, July 13th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. BofI Holding currently has an average rating of “Buy” and a consensus price target of $29.79.
The stock has a 50-day moving average price of $17.08 and a 200 day moving average price of $18.19. The stock has a market cap of $1.16 billion and a P/E ratio of 9.90.
BofI Holding (NASDAQ:BOFI) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. During the same period in the prior year, the company earned $1.54 earnings per share. On average, equities analysts expect that BofI Holding Inc. will post $2.13 earnings per share for the current year.
Other hedge funds recently modified their holdings of the company. Coe Capital Management LLC bought a new stake in shares of BofI Holding during the fourth quarter worth about $2,809,000. Airain ltd bought a new stake in shares of BofI Holding during the fourth quarter worth about $1,043,000. Employees Retirement System of Texas increased 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 worth $2,947,000 after buying an additional 115,000 shares in the last quarter. Dimensional Fund Advisors LP increased 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 worth $51,311,000 after buying an additional 1,833,599 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of BofI Holding by 117.6% in the fourth quarter. New York State Common Retirement Fund now owns 183,532 shares of the company’s stock worth $3,863,000 after buying an additional 99,184 shares in 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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