BofI Holding Inc. (NASDAQ:BOFI)‘s stock had its “buy” rating reiterated by investment analysts at FBR & Co in a report issued on Friday. They presently have a $33.00 price objective on the stock. FBR & Co’s price target would suggest a potential upside of 44.99% from the company’s previous close.
A number of other research firms have also issued reports on BOFI. Vetr lowered BofI Holding from a “strong-buy” rating to a “buy” rating and set a $24.90 target price for the company. in a report on Thursday, August 25th. Zacks Investment Research lowered BofI Holding from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th. Finally, DA Davidson reiterated a “buy” rating on shares of BofI Holding in a report on Tuesday, August 23rd. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $31.24.
Shares of BofI Holding (NASDAQ:BOFI) traded up 0.7696% on Friday, hitting $22.8344. The stock had a trading volume of 199,451 shares. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 12.3429 and a beta of 0.13. The stock has a 50 day moving average price of $21.88 and a 200-day moving average price of $19.32. BofI Holding has a 12-month low of $13.47 and a 12-month high of $35.98.
BofI Holding (NASDAQ:BOFI) last released its earnings results on Tuesday, August 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, meeting 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 earned $1.54 earnings per share. On average, equities analysts expect that BofI Holding will post $2.14 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the company. Nuveen Asset Management LLC boosted its stake in BofI Holding by 4.2% in the first quarter. Nuveen Asset Management LLC now owns 807,367 shares of the company’s stock worth $17,230,000 after buying an additional 32,808 shares during the period. Kennedy Capital Management Inc. boosted its stake in BofI Holding by 49.1% in the first quarter. Kennedy Capital Management Inc. now owns 149,143 shares of the company’s stock worth $3,183,000 after buying an additional 49,143 shares during the period. Tiverton Asset Management LLC purchased a new stake in BofI Holding during the first quarter worth approximately $6,053,000. AXA boosted its stake in BofI Holding by 100.0% in the first quarter. AXA now owns 110,400 shares of the company’s stock worth $2,356,000 after buying an additional 55,200 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in BofI Holding by 314.3% in the first quarter. UBS Asset Management Americas Inc. now owns 125,951 shares of the company’s stock worth $2,688,000 after buying an additional 95,551 shares during the period. 94.29% of the stock is owned by institutional investors.
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, 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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