Q1 2019 EPS Estimates for BofI Holding, Inc. Boosted by Analyst (BOFI)
BofI Holding, Inc. (NASDAQ:BOFI) – Investment analysts at FBR & Co upped their Q1 2019 earnings per share estimates for shares of BofI Holding in a report issued on Friday. FBR & Co analyst S. Moss now forecasts that the financial services provider will post earnings per share of $0.61 for the quarter, up from their previous estimate of $0.60. FBR & Co has a “Buy” rating and a $37.00 price objective on the stock. FBR & Co also issued estimates for BofI Holding’s Q2 2019 earnings at $0.63 EPS, Q3 2019 earnings at $0.84 EPS and Q4 2019 earnings at $0.67 EPS.
Several other analysts have also commented on the company. ValuEngine lowered BofI Holding from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. BidaskClub cut BofI Holding from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Zacks Investment Research downgraded BofI Holding from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, DA Davidson reaffirmed a “buy” rating and set a $33.00 target price on shares of BofI Holding in a research note on Monday, June 12th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $32.00.
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BofI Holding (NASDAQ:BOFI) traded up 0.68% during midday trading on Monday, hitting $28.17. 542,459 shares of the stock traded hands. The company’s 50 day moving average price is $26.66 and its 200 day moving average price is $25.13. BofI Holding has a 12 month low of $17.95 and a 12 month high of $32.57. The firm has a market cap of $1.79 billion, a PE ratio of 13.61 and a beta of 0.39.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. purchased a new position in BofI Holding in the 1st quarter valued at about $135,000. Endurance Wealth Management Inc. boosted its holdings in BofI Holding by 11.6% in the 2nd 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 during the last quarter. Tudor Investment Corp ET AL acquired a new stake in BofI Holding in the 1st quarter worth about $230,000. Raymond James Financial Services Advisors Inc. acquired a new stake in BofI Holding in the 2nd quarter worth about $242,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in BofI Holding in the 1st quarter worth about $244,000. Hedge funds and other institutional investors own 88.15% of the company’s stock.
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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