Equities analysts expect BofI Holding, Inc. (NASDAQ:BOFI) to report earnings per share (EPS) of $0.61 for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for BofI’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.63. BofI reported earnings per share of $0.49 in the same quarter last year, which would indicate a positive year-over-year growth rate of 24.5%. The business is scheduled to announce its next quarterly earnings report after the market closes on Thursday, July 26th.
According to Zacks, analysts expect that BofI will report full year earnings of $2.50 per share for the current financial year, with EPS estimates ranging from $2.48 to $2.52. For the next fiscal year, analysts forecast that the company will post earnings of $3.15 per share, with EPS estimates ranging from $3.04 to $3.29. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow BofI.
BofI (NASDAQ:BOFI) last released its earnings results on Thursday, April 26th. The financial services provider reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.01. BofI had a return on equity of 17.85% and a net margin of 28.25%. The business had revenue of $140.21 million for the quarter, compared to the consensus estimate of $134.80 million. During the same period in the previous year, the company posted $0.63 earnings per share.
BOFI has been the topic of several analyst reports. BidaskClub raised BofI from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 23rd. B. Riley boosted their target price on BofI from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, June 19th. Zacks Investment Research downgraded BofI from a “hold” rating to a “sell” rating in a report on Thursday, June 7th. UBS Group downgraded BofI from a “strong-buy” rating to an “outperform” rating in a report on Monday, April 2nd. Finally, Stephens set a $46.00 price target on BofI and gave the company a “buy” rating in a report on Tuesday, April 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $41.60.
In other BofI news, Director John Gary Burke sold 57,539 shares of the stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $41.16, for a total value of $2,368,305.24. Following the transaction, the director now owns 1,809,856 shares of the company’s stock, valued at $74,493,672.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.24% of the company’s stock.
A number of hedge funds have recently bought and sold shares of BOFI. Earnest Partners LLC bought a new position in BofI in the fourth quarter valued at about $108,000. Financial Gravity Wealth Inc. bought a new position in BofI in the first quarter valued at about $161,000. SG Americas Securities LLC bought a new position in BofI in the first quarter valued at about $193,000. Cetera Advisor Networks LLC bought a new position in BofI in the first quarter valued at about $202,000. Finally, WINTON GROUP Ltd bought a new position in BofI in the first quarter valued at about $206,000. 78.03% of the stock is currently owned by institutional investors.
BofI traded up $0.28, hitting $41.50, during mid-day trading on Friday, Marketbeat.com reports. The company had a trading volume of 1,650 shares, compared to its average volume of 517,379. The company has a current ratio of 1.20, a quick ratio of 1.19 and a debt-to-equity ratio of 0.06. BofI has a 12 month low of $23.33 and a 12 month high of $45.18. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 1.31 and a beta of 0.29.
BofI Company Profile
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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