Shares of BofI Holding, Inc. (NASDAQ:BOFI) have earned a consensus rating of “Buy” from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $39.29.
BOFI has been the topic of several research reports. Zacks Investment Research raised BofI from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Wednesday, January 31st. DA Davidson upped their target price on BofI to $48.00 and gave the company a “buy” rating in a research report on Thursday. Raymond James Financial reaffirmed an “outperform” rating and issued a $45.00 target price (up previously from $42.00) on shares of BofI in a research report on Monday, April 2nd. UBS downgraded BofI from a “strong-buy” rating to an “outperform” rating in a research report on Monday, April 2nd. Finally, BidaskClub raised BofI from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th.
NASDAQ:BOFI traded down $0.87 on Friday, hitting $40.24. The company’s stock had a trading volume of 823,991 shares, compared to its average volume of 750,143. The company has a quick ratio of 1.14, a current ratio of 1.15 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $2,569.35, a price-to-earnings ratio of 19.63, a P/E/G ratio of 1.64 and a beta of 0.36. BofI has a one year low of $21.60 and a one year high of $42.49.
In related news, Director James John Court sold 9,000 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $40.33, for a total transaction of $362,970.00. Following the sale, the director now owns 28,856 shares of the company’s stock, valued at $1,163,762.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.24% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of BOFI. Mesirow Financial Investment Management Equity Management acquired a new stake in BofI during the fourth quarter worth approximately $21,991,000. APG Asset Management N.V. grew its position in BofI by 691.1% during the fourth quarter. APG Asset Management N.V. now owns 407,400 shares of the financial services provider’s stock worth $10,144,000 after buying an additional 355,900 shares in the last quarter. BlackRock Inc. grew its position in BofI by 4.4% during the fourth quarter. BlackRock Inc. now owns 7,929,330 shares of the financial services provider’s stock worth $237,087,000 after buying an additional 334,469 shares in the last quarter. Basswood Capital Management L.L.C. grew its position in BofI by 16.3% during the fourth quarter. Basswood Capital Management L.L.C. now owns 1,629,787 shares of the financial services provider’s stock worth $48,731,000 after buying an additional 228,912 shares in the last quarter. Finally, OxFORD Asset Management LLP acquired a new stake in BofI during the third quarter worth approximately $5,993,000. 84.96% of the stock is currently owned by institutional investors and hedge funds.
BofI Company Profile
BofI Holding, Inc operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; and consumer lending products consisting of prime loans to purchase new and used automobiles and recreational vehicles, as well as deposit-related overdraft lines of credit.
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