BofI Holding, Inc. (BOFI) Stake Raised by Stifel Financial Corp

Stifel Financial Corp lifted its holdings in shares of BofI Holding, Inc. (NASDAQ:BOFI) by 272.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,187 shares of the financial services provider’s stock after purchasing an additional 163,933 shares during the period. Stifel Financial Corp owned about 0.35% of BofI Holding worth $5,252,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Voya Investment Management LLC raised its stake in shares of BofI Holding by 74.6% during the 2nd quarter. Voya Investment Management LLC now owns 111,481 shares of the financial services provider’s stock worth $2,644,000 after purchasing an additional 47,620 shares during the period. Virtu KCG Holdings LLC raised its stake in shares of BofI Holding by 41.8% during the 2nd quarter. Virtu KCG Holdings LLC now owns 11,560 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 3,408 shares during the period. Parametric Portfolio Associates LLC raised its stake in shares of BofI Holding by 22.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 105,947 shares of the financial services provider’s stock worth $2,513,000 after purchasing an additional 19,555 shares during the period. River Oaks Capital LLC increased its holdings in BofI Holding by 12.6% in the 2nd quarter. River Oaks Capital LLC now owns 57,450 shares of the financial services provider’s stock worth $1,363,000 after acquiring an additional 6,450 shares during the last quarter. Finally, Connors Investor Services Inc. increased its holdings in BofI Holding by 121.1% in the 2nd quarter. Connors Investor Services Inc. now owns 136,274 shares of the financial services provider’s stock worth $3,232,000 after acquiring an additional 74,638 shares during the last quarter. Institutional investors own 88.15% of the company’s stock.

BOFI has been the subject of several recent research reports. Craig Hallum reissued a “buy” rating and issued a $39.00 price objective (up previously from $35.00) on shares of BofI Holding in a report on Wednesday. FBR & Co reissued a “buy” rating and issued a $37.00 price objective on shares of BofI Holding in a report on Friday, September 29th. ValuEngine lowered BofI Holding from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. BidaskClub lowered BofI Holding from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 19th. Finally, DA Davidson reissued a “buy” rating and issued a $33.00 price objective on shares of BofI Holding in a report on Monday, June 12th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $34.75.

Shares of BofI Holding, Inc. (BOFI) opened at 27.92 on Friday. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 13.49 and a beta of 0.39. The company has a 50-day moving average price of $26.72 and a 200 day moving average price of $25.16. BofI Holding, Inc. has a one year low of $17.95 and a one year high of $32.57.

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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, 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.

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

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