BofI Holding, Inc. (NASDAQ:BOFI) – Stock analysts at B. Riley raised their Q2 2018 earnings per share (EPS) estimates for BofI in a research note issued on Thursday, Zacks Investment Research reports. B. Riley analyst S. Moss now expects that the financial services provider will earn $0.60 per share for the quarter, up from their prior forecast of $0.51. B. Riley also issued estimates for BofI’s Q3 2018 earnings at $0.72 EPS, Q4 2018 earnings at $0.69 EPS, FY2018 earnings at $2.50 EPS, Q1 2019 earnings at $0.71 EPS, Q2 2019 earnings at $0.71 EPS, Q3 2019 earnings at $0.95 EPS and Q4 2019 earnings at $0.84 EPS.
A number of other equities analysts also recently issued reports on BOFI. Stephens reiterated a “buy” rating and issued a $39.00 price target on shares of BofI in a report on Thursday. Sandler O’Neill reiterated a “buy” rating and issued a $38.00 price target on shares of BofI in a report on Wednesday. Zacks Investment Research downgraded shares of BofI from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, BidaskClub upgraded shares of BofI from a “hold” rating to a “buy” rating in a report on Wednesday, December 20th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $36.00.
Shares of BofI (NASDAQ BOFI) traded down $0.50 on Friday, hitting $36.58. 700,018 shares of the stock were exchanged, compared to its average volume of 853,707. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.15 and a quick ratio of 1.13. The stock has a market cap of $2,317.48, a P/E ratio of 17.25, a PEG ratio of 1.50 and a beta of 0.45. BofI has a 1-year low of $21.60 and a 1-year high of $38.51.
BofI (NASDAQ:BOFI) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.08. The business had revenue of $101.31 million during the quarter, compared to the consensus estimate of $100.29 million. BofI had a net margin of 28.37% and a return on equity of 17.27%. During the same quarter last year, the firm posted $0.50 EPS.
In other BofI news, Director Mosich Nick sold 18,308 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $27.75, for a total transaction of $508,047.00. Following the completion of the transaction, the director now directly owns 83,018 shares in the company, valued at approximately $2,303,749.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.24% of the company’s stock.
A number of large investors have recently bought and sold shares of BOFI. Victory Capital Management Inc. increased its holdings in BofI by 69.9% during the 3rd 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. Miles Capital Inc. purchased a new position in BofI during the 4th quarter valued at about $207,000. Van Hulzen Asset Management LLC purchased a new position in BofI during the 3rd quarter valued at about $211,000. Stoneridge Investment Partners LLC acquired a new stake in shares of BofI during the 3rd quarter worth about $214,000. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in shares of BofI during the 3rd quarter worth about $228,000. Hedge funds and other institutional investors own 84.69% 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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