Dimensional Fund Advisors LP Grows Position in BofI Holding, Inc. (BOFI)
Dimensional Fund Advisors LP lifted its position in BofI Holding, Inc. (NASDAQ:BOFI) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,074,956 shares of the financial services provider’s stock after acquiring an additional 22,234 shares during the period. Dimensional Fund Advisors LP owned 3.32% of BofI worth $84,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BOFI. Financial Gravity Wealth Inc. acquired a new position in shares of BofI in the 1st quarter valued at $161,000. SG Americas Securities LLC acquired a new position in shares of BofI in the 1st quarter valued at $193,000. Winslow Evans & Crocker Inc. acquired a new position in shares of BofI in the 2nd quarter valued at $194,000. Windward Capital Management Co. CA acquired a new position in shares of BofI in the 2nd quarter valued at $201,000. Finally, Cetera Advisor Networks LLC acquired a new position in shares of BofI in the 1st quarter valued at $202,000. 75.40% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BOFI opened at $35.47 on Friday. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 14.17, a P/E/G ratio of 1.14 and a beta of 0.24. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.13 and a current ratio of 1.13. BofI Holding, Inc. has a fifty-two week low of $24.20 and a fifty-two week high of $45.18.
Several equities analysts recently issued reports on BOFI shares. B. Riley upped their target price on BofI from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, June 19th. ValuEngine downgraded BofI from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 14th. BidaskClub downgraded BofI from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 11th. Stephens reaffirmed a “buy” rating and set a $45.00 price target on shares of BofI in a research report on Thursday, August 9th. Finally, Zacks Investment Research raised BofI from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $41.50.
BofI Holding, Inc operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; prime loans to customers secured by new and used automobiles; and term unsecured personal loans to individual borrowers, as well as overdraft lines of credit.
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