Quantbot Technologies LP increased its position in BofI Holding, Inc. (NASDAQ:BOFI) by 207.7% during the first quarter, Holdings Channel reports. The fund owned 9,880 shares of the financial services provider’s stock after buying an additional 6,669 shares during the period. Quantbot Technologies LP’s holdings in BofI Holding were worth $258,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in BOFI. Ameritas Investment Partners Inc. bought a new position in BofI Holding during the first quarter worth about $135,000. LS Investment Advisors LLC increased its position in BofI Holding by 170.7% in the first quarter. LS Investment Advisors LLC now owns 5,653 shares of the financial services provider’s stock worth $148,000 after buying an additional 3,565 shares during the last quarter. Howe & Rusling Inc. increased its position in BofI Holding by 13.6% in the first quarter. Howe & Rusling Inc. now owns 5,685 shares of the financial services provider’s stock worth $149,000 after buying an additional 680 shares during the last quarter. State of Alaska Department of Revenue increased its position in BofI Holding by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 6,360 shares of the financial services provider’s stock worth $166,000 after buying an additional 130 shares during the last quarter. Finally, Endurance Wealth Management Inc. increased its position in BofI Holding by 6.4% in the first quarter. Endurance Wealth Management Inc. now owns 6,688 shares of the financial services provider’s stock worth $174,000 after buying an additional 400 shares during the last quarter. 89.69% of the stock is owned by institutional investors.
Shares of BofI Holding, Inc. (BOFI) opened at 21.91 on Wednesday. BofI Holding, Inc. has a one year low of $15.29 and a one year high of $32.57. The stock has a market cap of $1.39 billion, a PE ratio of 10.79 and a beta of 0.23. The firm has a 50-day moving average of $23.68 and a 200-day moving average of $26.76.
BofI Holding (NASDAQ:BOFI) last issued its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.63. BofI Holding had a net margin of 29.85% and a return on equity of 18.15%. The firm had revenue of $111.73 million for the quarter, compared to the consensus estimate of $109.89 million. During the same quarter in the previous year, the firm earned $0.56 EPS. On average, equities research analysts expect that BofI Holding, Inc. will post $2.08 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on the stock. DA Davidson reissued a “buy” rating and issued a $34.00 price target on shares of BofI Holding in a research note on Tuesday, April 4th. ValuEngine downgraded shares of BofI Holding from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. FBR & Co reissued an “outperform” rating and issued a $35.00 price target on shares of BofI Holding in a research note on Monday, April 3rd. Finally, Zacks Investment Research raised shares of BofI Holding from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Tuesday, April 18th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $30.38.
About BofI Holding
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, low-cost distribution channels and affinity partners. The Bank has deposit and loan customers, 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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