PNC Financial Services Group Inc. decreased its stake in BofI Holding Inc. (NASDAQ:BOFI) by 5.5% during the second quarter, Holdings Channel reports. The firm owned 18,058 shares of the company’s stock after selling 1,053 shares during the period. PNC Financial Services Group Inc.’s holdings in BofI Holding were worth $321,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of BOFI. Endurance Wealth Management Inc. raised its stake in shares of BofI Holding by 32.8% in the second quarter. Endurance Wealth Management Inc. now owns 7,284 shares of the company’s stock valued at $129,000 after buying an additional 1,800 shares during the period. Mount Lucas Management LP raised its position in BofI Holding by 10.3% in the first quarter. Mount Lucas Management LP now owns 8,161 shares of the company’s stock valued at $174,000 after buying an additional 763 shares during the period. Independent Portfolio Consultants Inc. purchased a new position in BofI Holding during the second quarter valued at approximately $199,000. Rothschild Asset Management Inc. purchased a new position in BofI Holding during the second quarter valued at approximately $203,000. Finally, Suntrust Banks Inc. raised its position in BofI Holding by 5.3% in the second quarter. Suntrust Banks Inc. now owns 11,988 shares of the company’s stock valued at $212,000 after buying an additional 600 shares during the period. 94.29% of the stock is currently owned by institutional investors and hedge funds.
BofI Holding Inc. (NASDAQ:BOFI) traded up 1.89% during mid-day trading on Thursday, hitting $22.05. The company had a trading volume of 870,240 shares. The firm has a market cap of $1.40 billion, a P/E ratio of 11.92 and a beta of 0.22. The stock’s 50 day moving average price is $21.05 and its 200 day moving average price is $19.18. BofI Holding Inc. has a 52-week low of $13.47 and a 52-week high of $35.98.
BofI Holding (NASDAQ:BOFI) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. BofI Holding had a return on equity of 19.02% and a net margin of 31.02%. During the same period in the prior year, the company earned $1.54 earnings per share. On average, equities research analysts predict that BofI Holding Inc. will post $2.14 EPS for the current fiscal year.
Several research analysts have commented on the company. Vetr lowered BofI Holding from a “strong-buy” rating to a “buy” rating and set a $24.90 price target on the stock. in a research report on Thursday, August 25th. Zacks Investment Research raised BofI Holding from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, September 20th. Finally, DA Davidson reaffirmed a “buy” rating on shares of BofI Holding in a research report on Tuesday, August 23rd. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $31.24.
BofI Holding 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, distribution channels and affinity partners. The Bank has deposit and loan customers across the nation, 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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