BofI Holding, Inc. (NASDAQ:BOFI)‘s stock had its “buy” rating reiterated by equities research analysts at Craig Hallum in a report released on Wednesday. They currently have a $39.00 price target on the financial services provider’s stock, up from their prior price target of $35.00. Craig Hallum’s price target points to a potential upside of 38.94% from the company’s current price.

A number of other brokerages have also recently issued reports on BOFI. FBR & Co reissued a “buy” rating and issued a $37.00 price objective on shares of BofI Holding in a research note on Friday, September 29th. Zacks Investment Research cut shares of BofI Holding from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. BidaskClub raised shares of BofI Holding from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th. ValuEngine cut shares of BofI Holding from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 24th. Finally, DA Davidson reissued a “buy” rating and issued a $33.00 price objective 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 six have issued a buy rating to the stock. BofI Holding presently has an average rating of “Buy” and a consensus target price of $34.75.

BofI Holding (NASDAQ:BOFI) opened at 28.08 on Wednesday. BofI Holding has a one year low of $17.95 and a one year high of $32.57. The company has a market capitalization of $1.79 billion, a P/E ratio of 13.57 and a beta of 0.39. The firm has a 50-day moving average of $26.69 and a 200 day moving average of $25.16.

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Several hedge funds and other institutional investors have recently made changes to their positions in BOFI. Ameritas Investment Partners Inc. purchased a new stake in shares of BofI Holding in the first quarter worth $135,000. Endurance Wealth Management Inc. boosted its position in shares of BofI Holding by 11.6% during the second quarter. Endurance Wealth Management Inc. now owns 7,463 shares of the financial services provider’s stock worth $177,000 after acquiring an additional 775 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in shares of BofI Holding during the first quarter worth $230,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of BofI Holding during the second quarter worth $242,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of BofI Holding during the first quarter worth $244,000. 88.15% of the stock is owned by hedge funds and other institutional investors.

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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