Shares of BofI Holding Inc. (NASDAQ:BOFI) have been given a consensus recommendation of “Buy” by the eight brokerages that are presently covering the firm. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $30.48.
Several brokerages have issued reports on BOFI. Zacks Investment Research lowered BofI Holding from a “buy” rating to a “hold” rating in a research note on Tuesday, July 19th. Vetr raised BofI Holding from a “buy” rating to a “strong-buy” rating and set a $24.90 price target for the company in a research note on Wednesday, August 31st. Finally, DA Davidson reaffirmed a “buy” rating on shares of BofI Holding in a research note on Tuesday, August 23rd.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. PineBridge Investments L.P. increased its position in shares of BofI Holding by 3.8% in the second quarter. PineBridge Investments L.P. now owns 7,277 shares of the company’s stock worth $128,000 after buying an additional 269 shares in the last quarter. Arizona State Retirement System increased its position in shares of BofI Holding by 1.4% in the second quarter. Arizona State Retirement System now owns 29,824 shares of the company’s stock worth $528,000 after buying an additional 400 shares in the last quarter. Suntrust Banks Inc. increased its position in shares of BofI Holding by 5.3% in the second quarter. Suntrust Banks Inc. now owns 11,988 shares of the company’s stock worth $212,000 after buying an additional 600 shares in the last quarter. Mount Lucas Management LP increased its position in shares of BofI Holding by 10.3% in the first quarter. Mount Lucas Management LP now owns 8,161 shares of the company’s stock worth $174,000 after buying an additional 763 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of BofI Holding by 8.3% in the second quarter. Advisors Asset Management Inc. now owns 15,500 shares of the company’s stock worth $275,000 after buying an additional 1,182 shares in the last quarter. Institutional investors own 94.29% of the company’s stock.
BofI Holding (NASDAQ:BOFI) traded up 3.04% during trading on Tuesday, hitting $22.36. The stock had a trading volume of 442,340 shares. The company has a 50-day moving average of $21.42 and a 200-day moving average of $19.24. The stock has a market capitalization of $1.41 billion, a P/E ratio of 12.09 and a beta of 0.13. BofI Holding has a 52 week low of $13.47 and a 52 week high of $35.98.
BofI Holding (NASDAQ:BOFI) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. BofI Holding had a return on equity of 19.02% and a net margin of 31.02%. During the same quarter last year, the company earned $1.54 earnings per share. On average, equities analysts expect that BofI Holding will post $2.14 earnings per share for the current fiscal year.
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, distribution channels and affinity partners. The Bank has deposit and loan customers across the nation, 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.
Receive News & Ratings for BofI Holding Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BofI Holding Inc. and related companies with MarketBeat.com's FREE daily email newsletter.