According to Zacks, “Bofi Holding is the holding company for Bank of Internet USA, a consumer-focused, nationwide savings bank operating primarily through the Internet from a single location in San Diego, California. They provide a variety of consumer banking services, focusing primarily on gathering retail deposits over the Internet and originating and purchasing multifamily and single family loans for investment. “
BOFI has been the subject of a number of other reports. Vetr downgraded BofI Holding from a strong-buy rating to a buy rating and set a $19.48 price target for the company. in a research report on Thursday, June 30th. FBR & Co restated a buy rating and issued a $33.00 price target on shares of BofI Holding in a research report on Thursday, August 4th. Finally, DA Davidson restated a buy rating on shares of BofI Holding in a research report on Tuesday, August 23rd. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. BofI Holding presently has a consensus rating of Buy and a consensus target price of $31.24.
Shares of BofI Holding (NASDAQ:BOFI) opened at 22.66 on Tuesday. BofI Holding has a 52-week low of $13.47 and a 52-week high of $35.98. The stock has a market capitalization of $1.43 billion, a P/E ratio of 12.25 and a beta of 0.13. The stock has a 50 day moving average of $21.88 and a 200-day moving average of $19.32.
BofI Holding (NASDAQ:BOFI) last posted its earnings results on Tuesday, August 2nd. The company reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. BofI Holding had a net margin of 31.02% and a return on equity of 19.02%. During the same period last year, the firm earned $1.54 earnings per share. Analysts predict that BofI Holding will post $2.14 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the company. Foundry Partners LLC increased its stake in BofI Holding by 28.8% in the third quarter. Foundry Partners LLC now owns 17,225 shares of the company’s stock valued at $386,000 after buying an additional 3,855 shares during the period. Mason Street Advisors LLC acquired a new stake in BofI Holding during the second quarter valued at $199,000. Schwab Charles Investment Management Inc. increased its stake in BofI Holding by 5.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 216,031 shares of the company’s stock valued at $3,826,000 after buying an additional 10,916 shares during the period. Elk Creek Partners LLC increased its stake in BofI Holding by 25.9% in the second quarter. Elk Creek Partners LLC now owns 537,552 shares of the company’s stock valued at $9,520,000 after buying an additional 110,586 shares during the period. Finally, Fiera Capital Corp acquired a new stake in BofI Holding during the second quarter valued at $8,668,000. Institutional investors and hedge funds own 94.29% of the company’s stock.
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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