Pembroke Management LTD lessened its stake in BofI Holding, Inc. (NASDAQ:BOFI) by 13.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,215,836 shares of the financial services provider’s stock after selling 187,600 shares during the period. BofI Holding accounts for 3.4% of Pembroke Management LTD’s portfolio, making the stock its 3rd largest holding. Pembroke Management LTD owned about 1.91% of BofI Holding worth $34,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. raised its position in BofI Holding by 69.9% in the 3rd quarter. Victory Capital Management Inc. now owns 5,746 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 2,365 shares during the last quarter. Endurance Wealth Management Inc. raised its position in BofI Holding by 11.6% in the 2nd quarter. Endurance Wealth Management Inc. now owns 7,463 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 775 shares during the last quarter. Stoneridge Investment Partners LLC bought a new position in BofI Holding in the 3rd quarter worth approximately $214,000. Jaffetilchin Investment Partners LLC bought a new position in BofI Holding in the 3rd quarter worth approximately $228,000. Finally, Tudor Investment Corp ET AL bought a new position in BofI Holding in the 1st quarter worth approximately $230,000. Hedge funds and other institutional investors own 85.55% of the company’s stock.

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In related news, Director Edward James Ratinoff sold 7,540 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $26.80, for a total value of $202,072.00. Following the completion of the transaction, the director now directly owns 29,600 shares of the company’s stock, valued at approximately $793,280. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.24% of the stock is currently owned by corporate insiders.

BOFI has been the subject of several recent research reports. BidaskClub upgraded shares of BofI Holding from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. ValuEngine cut shares of BofI Holding from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th. FBR & Co reiterated a “buy” rating and set a $37.00 target price on shares of BofI Holding in a research report on Friday, September 29th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $30.00 target price on shares of BofI Holding in a research report on Thursday, October 26th. Finally, Zacks Investment Research cut shares of BofI Holding from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $33.60.

Shares of BofI Holding, Inc. (NASDAQ:BOFI) traded down $0.04 during mid-day trading on Wednesday, hitting $25.66. 510,900 shares of the stock traded hands, compared to its average volume of 775,949. BofI Holding, Inc. has a one year low of $21.60 and a one year high of $32.57. The firm has a market cap of $1,635.96, a price-to-earnings ratio of 12.12, a price-to-earnings-growth ratio of 1.08 and a beta of 0.40. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.06.

BofI Holding (NASDAQ:BOFI) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. BofI Holding had a net margin of 29.36% and a return on equity of 17.00%. The company had revenue of $93.89 million during the quarter, compared to analyst estimates of $94.93 million. During the same quarter in the previous year, the business earned $0.45 EPS. The firm’s revenue was up 11.1% on a year-over-year basis. sell-side analysts predict that BofI Holding, Inc. will post 2.38 earnings per share for the current year.

About BofI Holding

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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