Dimensional Fund Advisors LP reduced its stake in shares of BofI Holding Inc. (NASDAQ:BOFI) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,378,789 shares of the company’s stock after selling 13,332 shares during the period. Dimensional Fund Advisors LP owned about 3.76% of BofI Holding worth $42,128,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Endurance Wealth Management Inc. raised its position in BofI Holding by 32.8% in the second quarter. Endurance Wealth Management Inc. now owns 7,284 shares of the company’s stock worth $129,000 after buying an additional 1,800 shares in the last quarter. Teacher Retirement System of Texas raised its position in BofI Holding by 21.1% in the second quarter. Teacher Retirement System of Texas now owns 7,895 shares of the company’s stock worth $140,000 after buying an additional 1,373 shares in the last quarter. 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 worth $174,000 after buying an additional 763 shares in the last quarter. Independent Portfolio Consultants Inc. acquired a new position in BofI Holding during the second quarter worth approximately $199,000. Finally, Rothschild Asset Management Inc. acquired a new position in BofI Holding during the second quarter worth approximately $203,000. 94.29% of the stock is currently owned by institutional investors and hedge funds.
Shares of BofI Holding Inc. (NASDAQ:BOFI) opened at 22.07 on Friday. The company has a 50-day moving average price of $22.16 and a 200-day moving average price of $19.38. The company has a market cap of $1.40 billion, a P/E ratio of 11.93 and a beta of 0.13. BofI Holding Inc. has a 12-month low of $13.47 and a 12-month high of $26.00.
BofI Holding (NASDAQ:BOFI) last issued its earnings results on Tuesday, August 2nd. The company reported $0.46 earnings per share 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 in the prior year, the firm posted $1.54 EPS. On average, analysts predict that BofI Holding Inc. will post $2.14 earnings per share for the current year.
BOFI has been the topic of a number of recent analyst reports. Zacks Investment Research raised BofI Holding from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Monday, July 4th. Vetr downgraded BofI Holding from a “strong-buy” rating to a “buy” rating and set a $19.48 target price for the company. in a research report on Thursday, June 30th. FBR & Co restated a “buy” rating and set a $33.00 target price 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 analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $31.24.
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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