River Oaks Capital LLC lifted its stake in BofI Holding, Inc. (NASDAQ:BOFI) by 12.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,450 shares of the financial services provider’s stock after purchasing an additional 6,450 shares during the period. River Oaks Capital LLC owned 0.09% of BofI Holding worth $1,363,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BOFI. BlackRock Inc. increased its stake in shares of BofI Holding by 115,357.9% in the 1st quarter. BlackRock Inc. now owns 7,438,953 shares of the financial services provider’s stock worth $194,380,000 after purchasing an additional 7,432,510 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of BofI Holding by 31.2% in the 1st quarter. Vanguard Group Inc. now owns 5,427,899 shares of the financial services provider’s stock worth $141,831,000 after purchasing an additional 1,290,172 shares in the last quarter. Rice Hall James & Associates LLC increased its stake in shares of BofI Holding by 55.8% in the 2nd quarter. Rice Hall James & Associates LLC now owns 809,652 shares of the financial services provider’s stock worth $19,205,000 after purchasing an additional 290,127 shares in the last quarter. Credit Agricole S A increased its stake in shares of BofI Holding by 90.0% in the 1st quarter. Credit Agricole S A now owns 456,000 shares of the financial services provider’s stock worth $11,915,000 after purchasing an additional 216,000 shares in the last quarter. Finally, Royce & Associates LP increased its stake in shares of BofI Holding by 62.0% in the 2nd quarter. Royce & Associates LP now owns 561,000 shares of the financial services provider’s stock worth $13,307,000 after purchasing an additional 214,800 shares in the last quarter. Hedge funds and other institutional investors own 88.22% of the company’s stock.

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Shares of BofI Holding, Inc. (BOFI) traded up 1.46% during midday trading on Friday, reaching $27.07. The company’s stock had a trading volume of 570,577 shares. The firm has a market capitalization of $1.72 billion, a P/E ratio of 13.08 and a beta of 0.40. The stock has a 50-day moving average of $26.66 and a 200 day moving average of $25.24. BofI Holding, Inc. has a 12-month low of $17.95 and a 12-month high of $32.57.

Several research firms have recently commented on BOFI. BidaskClub upgraded BofI Holding from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th. ValuEngine lowered BofI Holding from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research upgraded BofI Holding from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, DA Davidson restated a “buy” rating and issued a $33.00 price objective on shares of BofI Holding in a research note on Monday, June 12th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $31.50.

BofI Holding Company Profile

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, low-cost distribution channels and affinity partners. The Bank has deposit and loan customers, 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.

Institutional Ownership by Quarter for BofI Holding (NASDAQ:BOFI)

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