BofI Holding, Inc. (NASDAQ:BOFI) Director Mosich Nick sold 18,308 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $27.75, for a total value of $508,047.00. Following the completion of the sale, the director now directly owns 83,018 shares in the company, valued at $2,303,749.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
BofI Holding, Inc. (NASDAQ:BOFI) traded down $0.12 during trading on Wednesday, hitting $27.90. The stock had a trading volume of 667,600 shares, compared to its average volume of 768,318. The stock has a market cap of $1,783.65, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 1.19 and a beta of 0.39. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.06. BofI Holding, Inc. has a 52 week low of $21.60 and a 52 week high of $32.57.
BofI (NASDAQ:BOFI) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The company had revenue of $93.89 million for the quarter, compared to the consensus estimate of $94.93 million. BofI had a return on equity of 17.00% and a net margin of 29.36%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. analysts expect that BofI Holding, Inc. will post 2.35 EPS for the current fiscal year.
BOFI has been the topic of a number of research analyst reports. Craig Hallum reissued a “buy” rating and issued a $39.00 price target (up from $35.00) on shares of BofI in a research note on Wednesday, October 4th. FBR & Co reissued a “buy” rating and issued a $37.00 price target on shares of BofI in a research note on Friday, September 29th. ValuEngine lowered BofI from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 24th. BidaskClub lowered BofI from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Finally, Zacks Investment Research raised BofI from a “sell” rating to a “hold” rating in a research note on Monday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $34.50.
Several institutional investors have recently added to or reduced their stakes in BOFI. Rice Hall James & Associates LLC raised its holdings in shares of BofI by 55.8% in the 2nd quarter. Rice Hall James & Associates LLC now owns 809,652 shares of the financial services provider’s stock worth $19,205,000 after purchasing an additional 290,127 shares during the period. Wasatch Advisors Inc. raised its holdings in shares of BofI by 69.4% during the 2nd quarter. Wasatch Advisors Inc. now owns 632,947 shares of the financial services provider’s stock valued at $15,014,000 after buying an additional 259,310 shares during the period. Royce & Associates LP raised its holdings in shares of BofI by 62.0% during the 2nd quarter. Royce & Associates LP now owns 561,000 shares of the financial services provider’s stock valued at $13,307,000 after buying an additional 214,800 shares during the period. OxFORD Asset Management LLP purchased a new stake in shares of BofI during the 3rd quarter valued at about $5,993,000. Finally, Stifel Financial Corp raised its holdings in shares of BofI by 272.1% during the 2nd quarter. Stifel Financial Corp now owns 224,187 shares of the financial services provider’s stock valued at $5,252,000 after buying an additional 163,933 shares during the period. Institutional investors own 84.40% of the company’s stock.
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BofI 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.
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