Shares of BofI Holding, Inc. (NASDAQ:BOFI) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $38.62 and last traded at $38.20, with a volume of 952800 shares traded. The stock had previously closed at $38.20.
Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of BofI from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Stephens reaffirmed a “buy” rating and set a $39.00 price target on shares of BofI in a research report on Thursday, February 1st. Sandler O’Neill reaffirmed a “buy” rating and set a $38.00 price target on shares of BofI in a research report on Wednesday, January 31st. Finally, BidaskClub raised shares of BofI from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. BofI has a consensus rating of “Buy” and an average price target of $36.00.
The firm has a market cap of $2,388.10, a PE ratio of 17.14, a price-to-earnings-growth ratio of 1.54 and a beta of 0.45. The company has a current ratio of 1.15, a quick ratio of 1.14 and a debt-to-equity ratio of 0.06.
BofI (NASDAQ:BOFI) last issued its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.08. BofI had a net margin of 28.37% and a return on equity of 17.27%. The company had revenue of $101.31 million for the quarter, compared to analyst estimates of $100.29 million. During the same period in the prior year, the firm earned $0.50 earnings per share. research analysts forecast that BofI Holding, Inc. will post 2.48 EPS for the current fiscal year.
In related news, Director Mosich Nick sold 18,308 shares of the company’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 transaction, the director now directly owns 83,018 shares in the company, valued at $2,303,749.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.24% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in shares of BofI by 4.4% in the fourth quarter. BlackRock Inc. now owns 7,929,330 shares of the financial services provider’s stock valued at $237,087,000 after acquiring an additional 334,469 shares in the last quarter. Basswood Capital Management L.L.C. grew its stake in shares of BofI by 16.3% in the fourth quarter. Basswood Capital Management L.L.C. now owns 1,629,787 shares of the financial services provider’s stock valued at $48,731,000 after acquiring an additional 228,912 shares in the last quarter. State Street Corp grew its stake in shares of BofI by 4.3% in the second quarter. State Street Corp now owns 1,439,590 shares of the financial services provider’s stock valued at $34,147,000 after acquiring an additional 58,774 shares in the last quarter. Rice Hall James & Associates LLC grew its stake in shares of BofI by 12.8% in the fourth quarter. Rice Hall James & Associates LLC now owns 886,472 shares of the financial services provider’s stock valued at $26,506,000 after acquiring an additional 100,769 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of BofI by 3.4% in the second quarter. Northern Trust Corp now owns 823,146 shares of the financial services provider’s stock valued at $19,525,000 after acquiring an additional 27,080 shares in the last quarter. Institutional investors and hedge funds own 84.14% of the company’s stock.
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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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