BofI Holding Inc. (BOFI) Shares Down 1.4%
BofI Holding Inc. (NASDAQ:BOFI) fell 1.4% during mid-day trading on Monday . The company traded as low as $18.02 and last traded at $18.07, with a volume of 630,660 shares traded. The stock had previously closed at $18.32.
A number of brokerages have recently issued reports on BOFI. FBR & Co restated a “buy” rating on shares of BofI Holding in a report on Saturday, April 30th. Zacks Investment Research cut BofI Holding from a “hold” rating to a “sell” rating in a research note on Monday, June 6th. Finally, Vetr upgraded BofI Holding from a “sell” rating to a “strong-buy” rating and set a $20.80 price target for the company in a research note on Wednesday, July 13th. One investment 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’s stock. BofI Holding currently has an average rating of “Buy” and a consensus price target of $29.79.
The company’s 50-day moving average is $17.13 and its 200 day moving average is $18.19. The stock has a market capitalization of $1.15 billion and a price-to-earnings ratio of 9.84.
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 the Thomson Reuters’ consensus estimate of $0.46. During the same quarter in the previous year, the business posted $1.54 EPS. Analysts anticipate that BofI Holding Inc. will post $2.13 EPS for the current year.
Other large investors recently modified their holdings of the company. Swiss National Bank raised 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 valued at $1,591,000 after buying an additional 56,700 shares during the last quarter. Rhumbline Advisers raised 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 valued at $1,624,000 after buying an additional 59,717 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of BofI Holding by 288.5% in the fourth quarter. California Public Employees Retirement System now owns 243,600 shares of the company’s stock valued at $5,128,000 after buying an additional 180,900 shares during the last quarter. New York State Common Retirement Fund raised 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 valued at $3,863,000 after buying an additional 99,184 shares during the last quarter. Finally, 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.
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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