BofI Holding, Inc. (NASDAQ:BOFI) Director Mosich Nick sold 18,308 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $27.75, for a total value of $508,047.00. Following the transaction, the director now owns 83,018 shares of the company’s stock, valued at $2,303,749.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
BofI Holding, Inc. (NASDAQ BOFI) opened at $27.66 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $1,776.01, a price-to-earnings ratio of 13.16, a P/E/G ratio of 1.19 and a beta of 0.39. BofI Holding, Inc. has a 12 month low of $21.60 and a 12 month high of $32.57.
BofI (NASDAQ:BOFI) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The business had revenue of $93.89 million during the quarter, compared to analyst estimates of $94.93 million. BofI had a return on equity of 17.00% and a net margin of 29.36%. BofI’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. research analysts predict that BofI Holding, Inc. will post 2.35 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Alps Advisors Inc. raised its stake in BofI by 0.3% during the second quarter. Alps Advisors Inc. now owns 16,603 shares of the financial services provider’s stock worth $394,000 after acquiring an additional 43 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in BofI by 0.5% during the second quarter. PNC Financial Services Group Inc. now owns 16,771 shares of the financial services provider’s stock worth $398,000 after acquiring an additional 80 shares in the last quarter. Arizona State Retirement System raised its stake in BofI by 0.3% during the second quarter. Arizona State Retirement System now owns 30,124 shares of the financial services provider’s stock worth $715,000 after acquiring an additional 100 shares in the last quarter. Wells Fargo & Company MN raised its stake in BofI by 0.3% during the second quarter. Wells Fargo & Company MN now owns 96,467 shares of the financial services provider’s stock worth $2,288,000 after acquiring an additional 328 shares in the last quarter. Finally, Texas Permanent School Fund raised its stake in BofI by 0.9% during the second quarter. Texas Permanent School Fund now owns 42,116 shares of the financial services provider’s stock worth $999,000 after acquiring an additional 370 shares in the last quarter. Institutional investors and hedge funds own 84.40% of the company’s stock.
A number of research analysts have recently commented on BOFI shares. Craig Hallum reiterated a “buy” rating and set a $39.00 price target (up from $35.00) on shares of BofI in a report on Wednesday, October 4th. FBR & Co reiterated a “buy” rating and set a $37.00 price target on shares of BofI in a report on Friday, September 29th. ValuEngine lowered BofI from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. BidaskClub lowered BofI from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 19th. Finally, Zacks Investment Research upgraded BofI from a “sell” rating to a “hold” rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. BofI presently has a consensus rating of “Buy” and an average target price of $34.50.
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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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