BofI Holding Inc. (BOFI) Sees Unusually-High Trading Volume
Shares of BofI Holding Inc. (NASDAQ:BOFI) saw an uptick in trading volume on Thursday . 2,625,576 shares changed hands during 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.
Several research firms have issued reports on BOFI. Zacks Investment Research lowered BofI Holding from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th. FBR & Co reissued a “buy” rating on shares of BofI Holding in a report on Saturday, April 30th. Vetr lowered BofI Holding from a “strong-buy” rating to a “hold” rating and set a $17.66 price target for the company. in a report on Wednesday, July 6th. Finally, DA Davidson reissued a “buy” rating on shares of BofI Holding in a report on Tuesday. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $30.38.
The firm has a market cap of $1.45 billion and a price-to-earnings ratio of 12.37. The company’s 50-day moving average is $17.92 and its 200 day moving average is $18.42.
BofI Holding (NASDAQ:BOFI) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. During the same period in the previous year, the business posted $1.54 EPS. Analysts predict that BofI Holding Inc. will post $2.14 EPS for the current fiscal year.
Other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position 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 period. Employees Retirement System of Texas raised its position 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 period. Finally, Airain ltd purchased a new position in shares of BofI Holding during the fourth quarter worth about $1,043,000.
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.