Bfsg LLC purchased a new stake in shares of BofI Holding (NASDAQ:BOFI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,699 shares of the financial services provider’s stock, valued at approximately $393,000.
Other hedge funds have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. raised its stake in shares of BofI by 2.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 273,962 shares of the financial services provider’s stock worth $11,104,000 after acquiring an additional 6,502 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of BofI by 190.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 105,000 shares of the financial services provider’s stock worth $4,256,000 after acquiring an additional 68,865 shares during the last quarter. Barings LLC bought a new position in shares of BofI in the first quarter worth about $211,000. Swiss National Bank raised its stake in shares of BofI by 2.3% in the first quarter. Swiss National Bank now owns 99,700 shares of the financial services provider’s stock worth $4,041,000 after acquiring an additional 2,200 shares during the last quarter. Finally, D.A. Davidson & CO. raised its stake in shares of BofI by 22.6% in the first quarter. D.A. Davidson & CO. now owns 11,808 shares of the financial services provider’s stock worth $479,000 after acquiring an additional 2,180 shares during the last quarter. 83.99% of the stock is owned by hedge funds and other institutional investors.
BOFI has been the subject of a number of research analyst reports. UBS downgraded shares of BofI from a “strong-buy” rating to an “outperform” rating in a research note on Monday, April 2nd. Zacks Investment Research raised shares of BofI from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Tuesday, April 3rd. Raymond James reaffirmed an “outperform” rating and issued a $45.00 target price (up from $42.00) on shares of BofI in a research note on Monday, April 2nd. ValuEngine upgraded shares of BofI from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Finally, Stephens reiterated a “buy” rating and set a $39.00 price target on shares of BofI in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $40.63.
Shares of NASDAQ:BOFI opened at $42.06 on Friday. BofI Holding has a one year low of $41.84 and a one year high of $42.69. The company has a quick ratio of 1.19, a current ratio of 1.20 and a debt-to-equity ratio of 0.06. The company has a market cap of $2.54 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.62 and a beta of 0.34.
BofI (NASDAQ:BOFI) last issued its quarterly earnings results on Thursday, April 26th. The financial services provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. BofI had a net margin of 28.25% and a return on equity of 17.85%. The company had revenue of $140.21 million during the quarter, compared to analysts’ expectations of $134.80 million. During the same quarter in the previous year, the company earned $0.63 EPS. equities research analysts forecast that BofI Holding will post 2.51 earnings per share for the current fiscal year.
In other news, Director James John Court sold 9,000 shares of BofI stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $40.33, for a total transaction of $362,970.00. Following the completion of the sale, the director now owns 28,856 shares in the company, valued at approximately $1,163,762.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 6.24% of the stock is owned by insiders.
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.
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