Envestnet Asset Management Inc. increased its stake in shares of BofI Holding, Inc. (NASDAQ:BOFI) by 180.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,250 shares of the company’s stock after buying an additional 5,953 shares during the period. Envestnet Asset Management Inc.’s holdings in BofI Holding were worth $264,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the stock. Tyers Asset Management LLC bought a new position in BofI Holding during the fourth quarter valued at $1,201,000. Menta Capital LLC bought a new position in BofI Holding during the fourth quarter valued at $1,010,000. Cantab Capital Partners LLP bought a new position in BofI Holding during the fourth quarter valued at $238,000. Davis Capital Partners LLC boosted its position in BofI Holding by 2.7% in the fourth quarter. Davis Capital Partners LLC now owns 1,875,000 shares of the company’s stock valued at $53,531,000 after buying an additional 50,000 shares during the last quarter. Finally, Osterweis Capital Management Inc. boosted its position in BofI Holding by 166.1% in the fourth quarter. Osterweis Capital Management Inc. now owns 183,622 shares of the company’s stock valued at $5,242,000 after buying an additional 114,622 shares during the last quarter. 89.69% of the stock is owned by institutional investors.
BofI Holding, Inc. (NASDAQ:BOFI) opened at 27.47 on Monday. The company’s 50-day moving average is $29.42 and its 200 day moving average is $25.71. BofI Holding, Inc. has a 1-year low of $15.29 and a 1-year high of $32.57. The stock has a market capitalization of $1.74 billion, a PE ratio of 14.09 and a beta of 0.23.
BofI Holding (NASDAQ:BOFI) last announced its quarterly earnings data on Monday, January 30th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. BofI Holding had a net margin of 29.85% and a return on equity of 18.15%. During the same quarter in the previous year, the business posted $0.44 earnings per share. Equities analysts predict that BofI Holding, Inc. will post $2.10 earnings per share for the current year.
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Separately, Zacks Investment Research cut shares of BofI Holding from a “buy” rating to a “hold” rating in a research note on Friday, February 3rd. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $30.98.
In other BofI Holding news, Director Mosich Nick sold 3,500 shares of BofI Holding stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $30.57, for a total transaction of $106,995.00. Following the completion of the sale, the director now directly owns 96,520 shares in the company, valued at approximately $2,950,616.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.34% of the company’s stock.
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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