BofI Holding, Inc. (NASDAQ:BOFI) – Investment analysts at DA Davidson lifted their FY2018 earnings per share estimates for BofI in a report released on Thursday, April 5th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will earn $2.52 per share for the year, up from their prior estimate of $2.51. DA Davidson has a “Buy” rating and a $48.00 price target on the stock. DA Davidson also issued estimates for BofI’s Q4 2018 earnings at $0.61 EPS.
BofI (NASDAQ:BOFI) last released its earnings results on Tuesday, January 30th. The financial services provider reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.08. The firm had revenue of $101.31 million during the quarter, compared to analyst estimates of $100.29 million. BofI had a return on equity of 17.27% and a net margin of 28.37%. During the same period in the prior year, the firm posted $0.50 earnings per share.
BOFI has been the subject of several other reports. Zacks Investment Research upgraded BofI from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Wednesday, January 31st. Raymond James Financial restated an “outperform” rating and set a $45.00 price target (up from $42.00) on shares of BofI in a research note on Monday, April 2nd. UBS lowered BofI from a “strong-buy” rating to an “outperform” rating in a research note on Monday, April 2nd. Finally, BidaskClub upgraded BofI from a “hold” rating to a “buy” rating in a research note on Wednesday, December 20th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $39.75.
Shares of NASDAQ:BOFI opened at $40.24 on Friday. The stock has a market cap of $2,503.73, a price-to-earnings ratio of 19.63, a PEG ratio of 1.60 and a beta of 0.36. The company has a quick ratio of 1.14, a current ratio of 1.15 and a debt-to-equity ratio of 0.06. BofI has a 12 month low of $21.60 and a 12 month high of $42.49.
In other news, Director James John Court sold 9,000 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $40.33, for a total value of $362,970.00. Following the completion of the sale, the director now owns 28,856 shares of the company’s stock, valued at $1,163,762.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 6.24% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of BofI by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 589,816 shares of the financial services provider’s stock worth $16,864,000 after buying an additional 20,373 shares during the period. Cottage Street Advisors LLC boosted its position in shares of BofI by 30.6% in the fourth quarter. Cottage Street Advisors LLC now owns 20,900 shares of the financial services provider’s stock worth $625,000 after buying an additional 4,900 shares during the period. Sterling Capital Management LLC purchased a new stake in shares of BofI in the third quarter worth about $855,000. Mesirow Financial Investment Management Equity Management purchased a new stake in shares of BofI in the fourth quarter worth about $21,991,000. Finally, Swiss National Bank boosted its position in shares of BofI by 3.9% in the fourth quarter. Swiss National Bank now owns 97,500 shares of the financial services provider’s stock worth $2,915,000 after buying an additional 3,700 shares during the period. 84.96% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: “FY2018 Earnings Forecast for BofI Holding, Inc. Issued By DA Davidson (BOFI)” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/04/07/fy2018-earnings-forecast-for-bofi-holding-inc-issued-by-da-davidson-bofi.html.
BofI Holding, Inc operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; and consumer lending products consisting of prime loans to purchase new and used automobiles and recreational vehicles, as well as deposit-related overdraft lines of credit.
Receive News & Ratings for BofI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BofI and related companies with MarketBeat.com's FREE daily email newsletter.