BofI Holding Inc. (NASDAQ:BOFI)‘s stock had its “buy” rating restated by stock analysts at FBR & Co in a note issued to investors on Friday. They presently have a $33.00 price objective on the stock. FBR & Co’s target price would suggest a potential upside of 42.86% from the stock’s previous close.
A number of other research analysts also recently commented on the company. Vetr downgraded BofI Holding from a “hold” rating to a “sell” rating and set a $17.66 price objective on the stock. in a report on Tuesday, July 12th. DA Davidson reiterated a “buy” rating on shares of BofI Holding in a report on Tuesday, August 23rd. Finally, Zacks Investment Research upgraded BofI Holding from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, September 20th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $31.24.
BofI Holding (NASDAQ:BOFI) opened at 23.10 on Friday. The firm has a market capitalization of $1.46 billion, a P/E ratio of 12.49 and a beta of 0.13. BofI Holding has a one year low of $13.47 and a one year high of $35.79. The firm has a 50-day moving average price of $22.00 and a 200-day moving average price of $19.30.
BofI Holding (NASDAQ:BOFI) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. BofI Holding had a return on equity of 19.02% and a net margin of 31.02%. During the same period in the prior year, the company posted $1.54 EPS. Equities analysts anticipate that BofI Holding will post $2.14 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the company. Nuveen Asset Management LLC boosted its stake in BofI Holding by 4.2% in the first quarter. Nuveen Asset Management LLC now owns 807,367 shares of the company’s stock worth $17,230,000 after buying an additional 32,808 shares during the last quarter. Kennedy Capital Management Inc. boosted its stake in BofI Holding by 49.1% in the first quarter. Kennedy Capital Management Inc. now owns 149,143 shares of the company’s stock worth $3,183,000 after buying an additional 49,143 shares during the last quarter. Tiverton Asset Management LLC bought a new stake in BofI Holding during the first quarter worth $6,053,000. AXA boosted its stake in BofI Holding by 100.0% in the first quarter. AXA now owns 110,400 shares of the company’s stock worth $2,356,000 after buying an additional 55,200 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in BofI Holding by 314.3% in the first quarter. UBS Asset Management Americas Inc. now owns 125,951 shares of the company’s stock worth $2,688,000 after buying an additional 95,551 shares during the last quarter. 94.29% of the stock is owned by institutional investors.
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.
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