Wasatch Advisors Inc. boosted its holdings in BofI Holding, Inc. (NASDAQ:BOFI) by 2.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 648,285 shares of the financial services provider’s stock after buying an additional 15,338 shares during the period. Wasatch Advisors Inc. owned approximately 1.02% of BofI worth $18,457,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of BOFI. Victory Capital Management Inc. grew its position in BofI by 69.9% in the third quarter. Victory Capital Management Inc. now owns 5,746 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 2,365 shares in the last quarter. Endurance Wealth Management Inc. lifted its stake in BofI by 11.6% in the second quarter. Endurance Wealth Management Inc. now owns 7,463 shares of the financial services provider’s stock valued at $177,000 after buying an additional 775 shares during the last quarter. Stoneridge Investment Partners LLC bought a new stake in BofI in the third quarter valued at $214,000. Jaffetilchin Investment Partners LLC bought a new stake in BofI in the third quarter valued at $228,000. Finally, Tudor Investment Corp ET AL bought a new stake in BofI in the first quarter valued at $230,000. Hedge funds and other institutional investors own 84.40% of the company’s stock.
In related news, Director Edward James Ratinoff sold 7,540 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $26.80, for a total transaction of $202,072.00. Following the completion of the transaction, the director now directly owns 29,600 shares in the company, valued at $793,280. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mosich Nick sold 18,308 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $27.75, for a total value of $508,047.00. Following the completion of the transaction, the director now owns 83,018 shares of the company’s stock, valued at $2,303,749.50. The disclosure for this sale can be found here. 6.24% of the stock is currently owned by insiders.
BOFI has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of BofI from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. FBR & Co restated a “buy” rating and set a $36.00 price objective (down from $37.00) on shares of BofI in a research note on Thursday, October 26th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $31.00 price target on shares of BofI in a research report on Monday, October 9th. Craig Hallum reiterated a “buy” rating and issued a $39.00 price target (up from $35.00) on shares of BofI in a research report on Wednesday, October 4th. Finally, ValuEngine cut BofI from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 24th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. BofI presently has a consensus rating of “Buy” and a consensus target price of $34.50.
BofI Holding, Inc. (NASDAQ BOFI) traded down $0.40 during trading hours on Thursday, reaching $27.26. The company’s stock had a trading volume of 490,178 shares, compared to its average volume of 765,666. The stock has a market cap of $1,776.01, a PE ratio of 13.16, a PEG ratio of 1.19 and a beta of 0.39. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.06. BofI Holding, Inc. has a 52 week low of $21.60 and a 52 week high of $32.57.
BofI (NASDAQ:BOFI) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. BofI had a return on equity of 17.00% and a net margin of 29.36%. The business had revenue of $93.89 million during the quarter, compared to analyst estimates of $94.93 million. During the same period in the previous year, the company earned $0.45 EPS. The firm’s revenue was up 11.1% on a year-over-year basis. sell-side analysts forecast that BofI Holding, Inc. will post 2.35 EPS for the current year.
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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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