BofI Holding Inc. (BOFI) Sees Large Volume Increase
BofI Holding Inc. (NASDAQ:BOFI) saw strong trading volume on Thursday . 2,625,576 shares traded hands during mid-day trading, an increase of 55% from the previous session’s volume of 1,693,701 shares.The stock last traded at $22.16 and had previously closed at $20.92.
A number of equities research analysts recently issued reports on the company. DA Davidson reiterated a “buy” rating on shares of BofI Holding in a research report on Tuesday. Zacks Investment Research upgraded BofI Holding from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. FBR & Co reiterated a “buy” rating and issued a $33.00 price objective on shares of BofI Holding in a research report on Thursday, August 4th. Finally, Vetr upgraded BofI Holding from a “sell” rating to a “strong-buy” rating and set a $20.80 price objective on the stock in a research report on Wednesday, July 13th. One equities research 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 company presently has a consensus rating of “Buy” and a consensus price target of $29.79.
The firm’s 50 day moving average price is $17.76 and its 200-day moving average price is $18.36. The stock has a market cap of $1.41 billion and a price-to-earnings ratio of 12.03.
BofI Holding (NASDAQ:BOFI) last posted its earnings results on Tuesday, August 2nd. The company reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46. During the same quarter in the prior year, the company posted $1.54 earnings per share. Analysts forecast that BofI Holding Inc. will post $2.14 EPS for the current fiscal year.
Several large investors have modified their holdings of the stock. Airain ltd acquired 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 during the last quarter. Finally, 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 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.