Schwab Charles Investment Management Inc. boosted its stake in BofI Holding, Inc. (NASDAQ:BOFI) by 1.7% during the first quarter, Holdings Channel reports. The fund owned 241,999 shares of the financial services provider’s stock after buying an additional 4,131 shares during the period. Schwab Charles Investment Management Inc.’s holdings in BofI Holding were worth $6,324,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its position in BofI Holding by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 6,360 shares of the financial services provider’s stock valued at $166,000 after buying an additional 130 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in BofI Holding by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 23,500 shares of the financial services provider’s stock valued at $614,000 after buying an additional 300 shares during the last quarter. Legal & General Group Plc boosted its position in BofI Holding by 0.3% in the first quarter. Legal & General Group Plc now owns 104,730 shares of the financial services provider’s stock valued at $2,740,000 after buying an additional 300 shares during the last quarter. Endurance Wealth Management Inc. boosted its position in BofI Holding by 6.4% in the first quarter. Endurance Wealth Management Inc. now owns 6,688 shares of the financial services provider’s stock valued at $174,000 after buying an additional 400 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in BofI Holding by 1.4% in the first quarter. Arizona State Retirement System now owns 30,024 shares of the financial services provider’s stock valued at $785,000 after buying an additional 400 shares during the last quarter. 88.13% of the stock is currently owned by hedge funds and other institutional investors.

BofI Holding, Inc. (BOFI) traded down 0.76% on Friday, reaching $27.30. The company had a trading volume of 131,068 shares. The stock’s 50 day moving average price is $24.19 and its 200-day moving average price is $25.86. The stock has a market capitalization of $1.73 billion, a PE ratio of 13.19 and a beta of 0.42. BofI Holding, Inc. has a 12-month low of $15.92 and a 12-month high of $32.57.

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Several research firms have recently weighed in on BOFI. DA Davidson reaffirmed a “buy” rating and issued a $33.00 price target on shares of BofI Holding in a report on Monday, June 12th. Zacks Investment Research cut shares of BofI Holding from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. BidaskClub raised shares of BofI Holding from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, ValuEngine cut shares of BofI Holding from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. BofI Holding currently has a consensus rating of “Buy” and a consensus target price of $30.18.

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.

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

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