Mason Street Advisors LLC purchased a new position in BofI Holding Inc. (NASDAQ:BOFI) during the second quarter, Holdings Channel reports. The firm purchased 11,218 shares of the company’s stock, valued at approximately $199,000.
A number of other institutional investors have also added to or reduced their stakes in BOFI. PineBridge Investments L.P. raised its position in 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. Endurance Wealth Management Inc. raised its position in BofI Holding by 32.8% in the second quarter. Endurance Wealth Management Inc. now owns 7,284 shares of the company’s stock worth $129,000 after buying an additional 1,800 shares in the last quarter. Teacher Retirement System of Texas raised its position in BofI Holding by 21.1% in the second quarter. Teacher Retirement System of Texas now owns 7,895 shares of the company’s stock worth $140,000 after buying an additional 1,373 shares in the last quarter. BlackRock Inc. raised its position in BofI Holding by 74.6% in the second quarter. BlackRock Inc. now owns 8,084 shares of the company’s stock worth $144,000 after buying an additional 3,455 shares in the last quarter. Finally, Mount Lucas Management LP raised its position in 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. 94.29% of the stock is currently owned by institutional investors and hedge funds.
BofI Holding Inc. (NASDAQ:BOFI) opened at 22.54 on Thursday. BofI Holding Inc. has a one year low of $13.47 and a one year high of $30.00. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 12.18 and a beta of 0.13. The company has a 50-day moving average of $22.13 and a 200-day moving average of $19.35.
BofI Holding (NASDAQ:BOFI) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the Zacks’ 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 period in the previous year, the company posted $1.54 EPS. Equities research analysts expect that BofI Holding Inc. will post $2.14 EPS for the current fiscal year.
A number of equities analysts recently commented on BOFI shares. Zacks Investment Research raised shares of BofI Holding from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Monday, July 4th. Vetr downgraded shares of BofI Holding from a “strong-buy” rating to a “buy” rating and set a $19.48 price objective on the stock. in a research note on Thursday, June 30th. FBR & Co reiterated a “buy” rating and set a $33.00 price objective on shares of BofI Holding in a research note on Thursday, August 4th. Finally, DA Davidson reiterated a “buy” rating on shares of BofI Holding in a research note on Tuesday, August 23rd. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $31.24.
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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