BofI Holding, Inc. (BOFI) Shares Bought by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System lifted its stake in BofI Holding, Inc. (NASDAQ:BOFI) by 3.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,433 shares of the financial services provider’s stock after acquiring an additional 3,015 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.14% of BofI Holding worth $2,074,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in BOFI. BlackRock Inc. boosted its stake in BofI Holding by 115,357.9% during the first quarter. BlackRock Inc. now owns 7,438,953 shares of the financial services provider’s stock worth $194,380,000 after buying an additional 7,432,510 shares in the last quarter. Vanguard Group Inc. boosted its stake in BofI Holding by 31.2% during the first quarter. Vanguard Group Inc. now owns 5,427,899 shares of the financial services provider’s stock worth $141,831,000 after buying an additional 1,290,172 shares in the last quarter. Rice Hall James & Associates LLC boosted its stake in BofI Holding by 55.8% during the second quarter. Rice Hall James & Associates LLC now owns 809,652 shares of the financial services provider’s stock worth $19,205,000 after buying an additional 290,127 shares in the last quarter. Credit Agricole S A boosted its stake in BofI Holding by 90.0% during the first quarter. Credit Agricole S A now owns 456,000 shares of the financial services provider’s stock worth $11,915,000 after buying an additional 216,000 shares in the last quarter. Finally, State Street Corp boosted its stake in BofI Holding by 8.4% during the first quarter. State Street Corp now owns 1,380,816 shares of the financial services provider’s stock worth $36,079,000 after buying an additional 106,592 shares in the last quarter. Institutional investors and hedge funds own 88.24% of the company’s stock.

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Shares of BofI Holding, Inc. (NASDAQ:BOFI) opened at 25.90 on Wednesday. The firm has a market cap of $1.65 billion, a P/E ratio of 12.51 and a beta of 0.40. BofI Holding, Inc. has a 1-year low of $17.95 and a 1-year high of $32.57. The firm’s 50-day moving average is $26.60 and its 200-day moving average is $25.43.

A number of research firms have weighed in on BOFI. DA Davidson reiterated a “buy” rating and set a $33.00 price target on shares of BofI Holding in a research note on Monday, June 12th. BidaskClub upgraded shares of BofI Holding from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th. ValuEngine downgraded shares of BofI Holding from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 24th. Finally, Zacks Investment Research downgraded shares of BofI Holding from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $31.50.

About BofI Holding

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.

Institutional Ownership by Quarter for BofI Holding (NASDAQ:BOFI)

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