BofI Holding Inc. (NASDAQ:BOFI) dropped 3.5% on Tuesday . The company traded as low as $22.01 and last traded at $22.17, with a volume of 780,539 shares trading hands. The stock had previously closed at $22.98.

BOFI has been the subject of a number of analyst reports. DA Davidson reiterated a “buy” rating on shares of BofI Holding in a research report on Tuesday, August 23rd. Vetr downgraded shares of BofI Holding from a “strong-buy” rating to a “buy” rating and set a $24.90 price target for the company. in a research report on Thursday, August 25th. Zacks Investment Research upgraded shares of BofI Holding from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Monday, July 4th. Finally, FBR & Co reiterated a “buy” rating and issued a $33.00 price target on shares of BofI Holding in a research report on Thursday, August 4th. One analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $30.38.

The company’s 50-day moving average is $18.26 and its 200 day moving average is $18.62. The stock has a market capitalization of $1.37 billion and a price-to-earnings ratio of 11.72.

BofI Holding (NASDAQ:BOFI) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.46 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. During the same quarter in the previous year, the business posted $1.54 earnings per share. Analysts anticipate that BofI Holding Inc. will post $2.14 EPS for the current year.

A hedge fund recently raised its stake in BofI Holding stock. Dimensional Fund Advisors LP increased its position in shares of BofI Holding Inc. (NASDAQ:BOFI) by 303.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,437,578 shares of the company’s stock after buying an additional 1,833,599 shares during the period. Dimensional Fund Advisors LP owned approximately 3.87% of BofI Holding worth $51,311,000 at the end of the most recent 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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