BofI Holding, Inc. (BOFI) Given Average Recommendation of “Buy” by Analysts
Shares of BofI Holding, Inc. (NASDAQ:BOFI) have earned an average recommendation of “Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $32.67.
Several brokerages have recently issued reports on BOFI. ValuEngine downgraded shares of BofI Holding from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 24th. BidaskClub downgraded shares of BofI Holding from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Zacks Investment Research downgraded shares of BofI Holding from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, DA Davidson reiterated a “buy” rating and issued a $33.00 target price on shares of BofI Holding in a research note on Monday, June 12th.
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BofI Holding (NASDAQ:BOFI) traded up 0.57% during midday trading on Tuesday, hitting $26.29. 772,554 shares of the company were exchanged. The firm has a market capitalization of $1.67 billion, a PE ratio of 12.70 and a beta of 0.40. The stock has a 50 day moving average of $26.70 and a 200 day moving average of $25.37. BofI Holding has a 1-year low of $17.95 and a 1-year high of $32.57.
Hedge funds and other institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. bought a new position in shares of BofI Holding in the first quarter worth approximately $135,000. LS Investment Advisors LLC lifted its stake in shares of BofI Holding by 170.7% in the first quarter. LS Investment Advisors LLC now owns 5,653 shares of the financial services provider’s stock worth $148,000 after buying an additional 3,565 shares in the last quarter. Endurance Wealth Management Inc. lifted its stake in shares of BofI Holding by 11.6% in the second quarter. Endurance Wealth Management Inc. now owns 7,463 shares of the financial services provider’s stock worth $177,000 after buying an additional 775 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of BofI Holding in the first quarter worth approximately $230,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of BofI Holding in the second quarter worth approximately $242,000. Hedge funds and other institutional investors own 88.24% of the company’s stock.
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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