Louisiana State Employees Retirement System Maintains Stake in BofI Holding, Inc. (BOFI)

Louisiana State Employees Retirement System held its position in BofI Holding, Inc. (NASDAQ:BOFI) during the second quarter, Holdings Channel reports. The fund owned 23,500 shares of the financial services provider’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in BofI Holding were worth $557,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in BofI Holding by 115,357.9% in the first quarter. BlackRock Inc. now owns 7,438,953 shares of the financial services provider’s stock valued at $194,380,000 after buying an additional 7,432,510 shares during the last quarter. Vanguard Group Inc. increased its position in BofI Holding by 31.2% in the first quarter. Vanguard Group Inc. now owns 5,427,899 shares of the financial services provider’s stock valued at $141,831,000 after buying an additional 1,290,172 shares during the last quarter. Emerald Advisers Inc. PA increased its position in BofI Holding by 3.6% in the first quarter. Emerald Advisers Inc. PA now owns 1,391,085 shares of the financial services provider’s stock valued at $36,349,000 after buying an additional 48,049 shares during the last quarter. State Street Corp increased its position in BofI Holding by 8.4% in the first quarter. State Street Corp now owns 1,380,816 shares of the financial services provider’s stock valued at $36,079,000 after buying an additional 106,592 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its position in BofI Holding by 8.1% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 1,354,436 shares of the financial services provider’s stock valued at $35,391,000 after buying an additional 101,528 shares during the last quarter. 87.91% of the stock is owned by hedge funds and other institutional investors.

Shares of BofI Holding, Inc. (BOFI) traded down 1.2922% during midday trading on Thursday, reaching $27.5296. The company’s stock had a trading volume of 300,620 shares. The stock has a market capitalization of $1.75 billion, a PE ratio of 13.2993 and a beta of 0.42. BofI Holding, Inc. has a 12 month low of $17.41 and a 12 month high of $32.57. The stock’s 50 day moving average is $24.97 and its 200 day moving average is $25.88.

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Several equities analysts recently weighed in on BOFI shares. Zacks Investment Research downgraded BofI Holding from a “buy” rating to a “hold” rating in a research note on Thursday, April 27th. ValuEngine cut BofI Holding from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub upgraded BofI Holding from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, DA Davidson reiterated a “buy” rating and set a $33.00 target price on shares of BofI Holding in a report on Monday, June 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $30.18.

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, low-cost distribution channels and affinity partners. The Bank has deposit and loan customers, 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.

Want to see what other hedge funds are holding BOFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BofI Holding, Inc. (NASDAQ:BOFI).

Institutional Ownership by Quarter for BofI Holding (NASDAQ:BOFI)

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