Equities research analysts at Stephens initiated coverage on shares of BofI Holding Inc. (NASDAQ:BOFI) in a note issued to investors on Wednesday. The brokerage set an “overweight” rating on the stock.

Other analysts also recently issued reports about the company. FBR & Co reiterated a “buy” rating and set a $33.00 target price on shares of BofI Holding in a research note on Thursday, August 4th. Vetr cut BofI Holding from a “strong-buy” rating to a “buy” rating and set a $24.90 price target on the stock. in a report on Thursday, August 25th. DA Davidson reaffirmed a “buy” rating on shares of BofI Holding in a report on Tuesday, August 23rd. Finally, Zacks Investment Research raised 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. One analyst has rated the stock with a sell rating, four have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $30.58.

Shares of BofI Holding (NASDAQ:BOFI) opened at 24.27 on Wednesday. The firm has a 50 day moving average price of $21.57 and a 200 day moving average price of $19.57. BofI Holding has a 52 week low of $13.47 and a 52 week high of $25.13. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 12.79 and a beta of 0.08.

BofI Holding (NASDAQ:BOFI) last posted its earnings results on Thursday, October 27th. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. BofI Holding had a return on equity of 18.49% and a net margin of 30.22%. During the same quarter in the prior year, the business posted $1.60 EPS. Equities analysts forecast that BofI Holding will post $2.10 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of BOFI. Henderson Group PLC raised its position in shares of BofI Holding by 57.6% in the second quarter. Henderson Group PLC now owns 874,529 shares of the company’s stock worth $15,488,000 after buying an additional 319,516 shares during the last quarter. Emerald Advisers Inc. PA raised its position in shares of BofI Holding by 1.1% in the second quarter. Emerald Advisers Inc. PA now owns 831,132 shares of the company’s stock worth $14,719,000 after buying an additional 8,840 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised 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 during the last quarter. Rice Hall James & Associates LLC raised its position in shares of BofI Holding by 1.4% in the second quarter. Rice Hall James & Associates LLC now owns 394,904 shares of the company’s stock worth $6,994,000 after buying an additional 5,357 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of BofI Holding by 1.5% in the second quarter. American Century Companies Inc. now owns 331,687 shares of the company’s stock worth $5,874,000 after buying an additional 5,024 shares during the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “BofI Holding Inc. (BOFI) Earns Overweight Rating from Analysts at Stephens” was originally posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this story can be accessed at https://www.thecerbatgem.com/2016/11/23/bofi-holding-inc-bofi-earns-overweight-rating-from-analysts-at-stephens.html.

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.

5 Day Chart for NASDAQ:BOFI

Receive News & Stock Ratings for BofI Holding Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BofI Holding Inc. and related stocks with our FREE daily email newsletter.