Nationwide Fund Advisors lifted its position in shares of BofI Holding, Inc. (NASDAQ:BOFI) by 4.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 326,211 shares of the financial services provider’s stock after buying an additional 12,660 shares during the quarter. Nationwide Fund Advisors owned approximately 0.51% of BofI worth $9,287,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Alps Advisors Inc. lifted its position in shares of BofI by 0.3% during the second quarter. Alps Advisors Inc. now owns 16,603 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 43 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of BofI by 0.5% in the second quarter. PNC Financial Services Group Inc. now owns 16,771 shares of the financial services provider’s stock worth $398,000 after buying an additional 80 shares during the last quarter. Arizona State Retirement System increased its stake in shares of BofI by 0.3% in the second quarter. Arizona State Retirement System now owns 30,124 shares of the financial services provider’s stock worth $715,000 after buying an additional 100 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in BofI by 0.3% in the 2nd quarter. Wells Fargo & Company MN now owns 96,467 shares of the financial services provider’s stock valued at $2,288,000 after acquiring an additional 328 shares during the last quarter. Finally, Texas Permanent School Fund lifted its position in BofI by 0.9% in the second quarter. Texas Permanent School Fund now owns 42,116 shares of the financial services provider’s stock worth $999,000 after purchasing an additional 370 shares during the period. Hedge funds and other institutional investors own 84.40% of the company’s stock.
BofI Holding, Inc. (NASDAQ BOFI) opened at $28.17 on Friday. BofI Holding, Inc. has a 1-year low of $21.60 and a 1-year high of $32.57. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1,790.00, a PE ratio of 13.29, a price-to-earnings-growth ratio of 1.18 and a beta of 0.39.
BofI (NASDAQ:BOFI) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The business had revenue of $93.89 million for the quarter, compared to analysts’ expectations of $94.93 million. BofI had a return on equity of 17.00% and a net margin of 29.36%. BofI’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 EPS. sell-side analysts expect that BofI Holding, Inc. will post 2.38 EPS for the current year.
Several research analysts recently commented on BOFI shares. Zacks Investment Research cut BofI from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. FBR & Co reiterated 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 objective on shares of BofI in a research report on Monday, October 9th. Craig Hallum reiterated a “buy” rating and issued a $39.00 price objective (up from $35.00) on shares of BofI in a research report on Wednesday, October 4th. Finally, ValuEngine lowered BofI from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $34.50.
In other BofI news, Director Mosich Nick sold 18,308 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $27.75, for a total transaction of $508,047.00. Following the transaction, the director now owns 83,018 shares of the company’s stock, valued at approximately $2,303,749.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward James Ratinoff sold 7,540 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $26.80, for a total value of $202,072.00. Following the transaction, the director now directly owns 29,600 shares in the company, valued at approximately $793,280. The disclosure for this sale can be found here. Insiders own 6.24% of the company’s stock.
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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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