ValuEngine lowered shares of BofI (NASDAQ:BOFI) from a buy rating to a hold rating in a report released on Wednesday morning.

Several other analysts have also recently commented on the stock. Zacks Investment Research cut shares of BofI from a hold rating to a sell rating in a research note on Friday, August 10th. BidaskClub upgraded shares of BofI from a hold rating to a buy rating in a research report on Tuesday, July 24th. Compass Point cut shares of BofI from a buy rating to a neutral rating and cut their target price for the stock from $47.00 to $44.00 in a research report on Monday, May 21st. Stephens restated a buy rating and set a $45.00 target price on shares of BofI in a research report on Thursday, August 9th. Finally, B. Riley lifted their target price on shares of BofI from $45.00 to $47.00 and gave the stock a buy rating in a research report on Tuesday, June 19th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. BofI presently has a consensus rating of Buy and a consensus price target of $41.50.

Shares of NASDAQ BOFI opened at $36.66 on Wednesday. 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 has a 52 week low of $24.20 and a 52 week high of $45.18. The stock has a market capitalization of $2.22 billion, a P/E ratio of 14.78, a P/E/G ratio of 1.14 and a beta of 0.24.

BofI (NASDAQ:BOFI) last announced its quarterly earnings data on Tuesday, August 7th. The financial services provider reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.03). BofI had a net margin of 27.87% and a return on equity of 17.79%. The company had revenue of $104.03 million during the quarter, compared to analyst estimates of $107.81 million. research analysts anticipate that BofI will post 3.09 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP grew its holdings in shares of BofI by 86.8% during the second quarter. GSA Capital Partners LLP now owns 31,200 shares of the financial services provider’s stock worth $1,276,000 after buying an additional 14,500 shares in the last quarter. Nomura Asset Management Co. Ltd. purchased a new stake in shares of BofI during the second quarter worth about $1,446,000. Texas Yale Capital Corp. grew its holdings in shares of BofI by 50.4% during the second quarter. Texas Yale Capital Corp. now owns 14,925 shares of the financial services provider’s stock worth $611,000 after buying an additional 5,000 shares in the last quarter. Pier 88 Investment Partners LLC purchased a new stake in shares of BofI during the second quarter worth about $624,000. Finally, Hennessy Advisors Inc. grew its holdings in shares of BofI by 5.6% during the second quarter. Hennessy Advisors Inc. now owns 95,000 shares of the financial services provider’s stock worth $3,886,000 after buying an additional 5,000 shares in the last quarter. Institutional investors own 75.40% of the company’s stock.

About BofI

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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Analyst Recommendations for BofI (NASDAQ:BOFI)

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