BofI Holding, Inc. (NASDAQ:BOFI) – Research analysts at DA Davidson increased their FY2018 EPS estimates for shares of BofI in a research note issued on Tuesday. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings per share of $2.41 for the year, up from their previous forecast of $2.33. DA Davidson also issued estimates for BofI’s Q4 2018 earnings at $0.61 EPS and FY2019 earnings at $3.18 EPS.
A number of other equities research analysts have also recently commented on the company. Zacks Investment Research cut BofI from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. FBR & Co reiterated a “buy” rating and set a $36.00 target price (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 set a $31.00 target price on shares of BofI in a research note on Monday, October 9th. Craig Hallum reiterated a “buy” rating and set a $39.00 target price (up from $35.00) on shares of BofI in a research note on Wednesday, October 4th. Finally, BidaskClub upgraded BofI from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. BofI has a consensus rating of “Buy” and a consensus target price of $35.00.
BofI (NASDAQ BOFI) traded up $0.30 during midday trading on Thursday, hitting $32.46. The stock had a trading volume of 592,396 shares, compared to its average volume of 563,199. The company has a market cap of $2,047.18, a PE ratio of 15.24, a price-to-earnings-growth ratio of 1.30 and a beta of 0.39. BofI has a 12 month low of $21.60 and a 12 month high of $32.78. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.06.
BofI (NASDAQ:BOFI) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. The company 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%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 EPS.
In related news, Director Edward James Ratinoff sold 7,540 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $26.80, for a total value of $202,072.00. Following the sale, the director now directly owns 29,600 shares in the company, valued at approximately $793,280. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mosich Nick sold 18,308 shares of the business’s stock in a transaction dated 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 sale, the director now owns 83,018 shares in the company, valued at $2,303,749.50. The disclosure for this sale can be found here. Insiders own 6.24% of the company’s stock.
A number of hedge funds have recently bought and sold shares of BOFI. Schwab Charles Investment Management Inc. grew its holdings in BofI by 4.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 253,483 shares of the financial services provider’s stock valued at $6,013,000 after buying an additional 11,484 shares in the last quarter. Legal & General Group Plc grew its holdings in BofI by 9.4% during the 2nd quarter. Legal & General Group Plc now owns 114,619 shares of the financial services provider’s stock valued at $2,719,000 after buying an additional 9,889 shares in the last quarter. Wells Fargo & Company MN grew its holdings in BofI by 0.3% during 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 buying an additional 328 shares in the last quarter. Alliancebernstein L.P. grew its holdings in BofI by 70.7% during the 2nd quarter. Alliancebernstein L.P. now owns 160,880 shares of the financial services provider’s stock valued at $3,816,000 after buying an additional 66,660 shares in the last quarter. Finally, Teachers Advisors LLC grew its holdings in BofI by 4.3% during the 2nd quarter. Teachers Advisors LLC now owns 108,368 shares of the financial services provider’s stock valued at $2,570,000 after buying an additional 4,504 shares in the last quarter. 84.49% of the stock is owned by institutional investors and hedge funds.
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BofI 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, 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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