Rice Hall James & Associates LLC boosted its stake in BofI Holding Inc. (NASDAQ:BOFI) by 1.4% during the second quarter, Holdings Channel reports. The firm owned 394,904 shares of the company’s stock after buying an additional 5,357 shares during the period. Rice Hall James & Associates LLC’s holdings in BofI Holding were worth $6,994,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of BOFI. Tiverton Asset Management LLC purchased a new stake in shares of BofI Holding during the first quarter valued at about $6,053,000. Mckinley Capital Management LLC Delaware purchased a new stake in shares of BofI Holding during the first quarter valued at about $5,136,000. Old Mutual Global Investors UK Ltd. raised its stake in shares of BofI Holding by 336.8% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 159,641 shares of the company’s stock valued at $2,827,000 after buying an additional 123,093 shares during the period. TimesSquare Capital Management LLC raised its stake in shares of BofI Holding by 4.0% in the first quarter. TimesSquare Capital Management LLC now owns 2,513,595 shares of the company’s stock valued at $53,640,000 after buying an additional 96,515 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in shares of BofI Holding by 314.3% in the first quarter. UBS Asset Management Americas Inc. now owns 125,951 shares of the company’s stock valued at $2,688,000 after buying an additional 95,551 shares during the period. 94.29% of the stock is owned by hedge funds and other institutional investors.
Shares of BofI Holding Inc. (NASDAQ:BOFI) traded up 3.30% on Wednesday, reaching $22.83. The company had a trading volume of 866,563 shares. The stock’s 50 day moving average is $21.66 and its 200 day moving average is $19.29. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 12.34 and a beta of 0.13. 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 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.46. BofI Holding had a return on equity of 19.02% and a net margin of 31.02%. During the same period last year, the firm posted $1.54 earnings per share. On average, equities analysts anticipate that BofI Holding Inc. will post $2.14 EPS for the current year.
A number of equities research analysts have recently weighed in on BOFI shares. Vetr lowered BofI Holding from a “hold” rating to a “sell” rating and set a $17.66 target price for the company. in a research note on Tuesday, July 12th. DA Davidson reissued a “buy” rating on shares of BofI Holding in a research note on Tuesday, August 23rd. Finally, Zacks Investment Research raised BofI Holding from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, September 20th. One analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target 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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