BofI Holding, Inc. (NASDAQ:BOFI) has been assigned a consensus recommendation of “Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $44.50.

Several equities analysts have recently weighed in on BOFI shares. BidaskClub cut shares of BofI from a “hold” rating to a “sell” rating in a research note on Thursday, September 20th. Zacks Investment Research cut shares of BofI from a “hold” rating to a “sell” rating in a research note on Friday, August 10th. Stephens reiterated a “buy” rating and issued a $45.00 price objective on shares of BofI in a research note on Thursday, August 9th. Finally, ValuEngine cut shares of BofI from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. raised its stake in BofI by 7.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 294,766 shares of the financial services provider’s stock worth $12,059,000 after acquiring an additional 20,804 shares during the period. GSA Capital Partners LLP raised its stake in BofI by 86.8% during the 2nd quarter. GSA Capital Partners LLP now owns 31,200 shares of the financial services provider’s stock worth $1,276,000 after acquiring an additional 14,500 shares during the period. Nomura Asset Management Co. Ltd. bought a new stake in BofI during the 2nd quarter worth approximately $1,446,000. First Republic Investment Management Inc. raised its stake in BofI by 8.9% during the 2nd quarter. First Republic Investment Management Inc. now owns 25,515 shares of the financial services provider’s stock worth $1,044,000 after acquiring an additional 2,091 shares during the period. Finally, Laurion Capital Management LP bought a new stake in BofI during the 2nd quarter worth approximately $524,000. Institutional investors own 75.30% of the company’s stock.

Shares of NASDAQ:BOFI traded up $0.40 during trading on Friday, hitting $34.39. The company’s stock had a trading volume of 698,132 shares, compared to its average volume of 419,438. BofI has a 12 month low of $24.20 and a 12 month high of $45.18.

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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