BofI Holding Inc. (BOFI) Given Average Rating of “Buy” by Analysts
Shares of BofI Holding Inc. (NASDAQ:BOFI) have earned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the firm. One analyst has rated the stock with a sell recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $31.58.
Several analysts recently commented on BOFI shares. DA Davidson reiterated a “buy” rating on shares of BofI Holding in a report on Tuesday, August 23rd. Vetr upgraded BofI Holding from a “buy” rating to a “strong-buy” rating and set a $24.90 target price on the stock in a report on Wednesday, August 31st. Zacks Investment Research upgraded BofI Holding from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, September 20th. Finally, FBR & Co reiterated a “buy” rating and issued a $33.00 target price on shares of BofI Holding in a report on Friday, October 7th.
Several institutional investors have recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust boosted its position in shares of BofI Holding by 10.3% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 858,477 shares of the company’s stock worth $15,204,000 after buying an additional 80,350 shares in the last quarter. Kennedy Capital Management Inc. boosted its position in shares of BofI Holding by 49.1% in the first quarter. Kennedy Capital Management Inc. now owns 149,143 shares of the company’s stock worth $3,183,000 after buying an additional 49,143 shares in the last quarter. Royce & Associates LP purchased a new position in shares of BofI Holding during the first quarter worth about $363,000. Elk Creek Partners LLC boosted its position in shares of BofI Holding by 25.9% in the second quarter. Elk Creek Partners LLC now owns 537,552 shares of the company’s stock worth $9,520,000 after buying an additional 110,586 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of BofI Holding by 4.2% in the first quarter. Nuveen Asset Management LLC now owns 807,367 shares of the company’s stock worth $17,230,000 after buying an additional 32,808 shares in the last quarter. Institutional investors own 94.38% of the company’s stock.
Shares of BofI Holding (NASDAQ:BOFI) opened at 22.60 on Tuesday. BofI Holding has a 12-month low of $13.47 and a 12-month high of $24.13. The stock has a 50 day moving average of $21.31 and a 200-day moving average of $19.38. The firm has a market capitalization of $1.43 billion, a P/E ratio of 11.91 and a beta of 0.08.
BofI Holding (NASDAQ:BOFI) last announced its earnings results on Thursday, October 27th. The company reported $0.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. BofI Holding had a return on equity of 18.49% and a net margin of 30.22%. During the same period in the previous year, the firm earned $1.60 EPS. On average, equities research analysts predict that BofI Holding will post $2.09 EPS for the current fiscal year.
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.
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