New York State Common Retirement Fund raised its stake in shares of BofI Holding, Inc. (NASDAQ:BOFI) by 23.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,280 shares of the financial services provider’s stock after acquiring an additional 21,149 shares during the quarter. New York State Common Retirement Fund owned approximately 0.17% of BofI Holding worth $2,616,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. boosted its position in BofI Holding by 2.1% during the 2nd quarter. BlackRock Inc. now owns 7,591,710 shares of the financial services provider’s stock valued at $180,074,000 after acquiring an additional 152,757 shares in the last quarter. Vanguard Group Inc. boosted its position in BofI Holding by 31.2% during the 1st quarter. Vanguard Group Inc. now owns 5,427,899 shares of the financial services provider’s stock valued at $141,831,000 after acquiring an additional 1,290,172 shares in the last quarter. State Street Corp boosted its position in BofI Holding by 8.4% during the 1st quarter. State Street Corp now owns 1,380,816 shares of the financial services provider’s stock valued at $36,079,000 after acquiring an additional 106,592 shares in the last quarter. Bank of New York Mellon Corp boosted its position in BofI Holding by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 993,233 shares of the financial services provider’s stock valued at $23,560,000 after acquiring an additional 24,314 shares in the last quarter. Finally, Rice Hall James & Associates LLC boosted its position in BofI Holding by 55.8% during the 2nd quarter. Rice Hall James & Associates LLC now owns 809,652 shares of the financial services provider’s stock valued at $19,205,000 after acquiring an additional 290,127 shares in the last quarter. 88.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of BofI Holding, Inc. (NASDAQ:BOFI) opened at 27.62 on Monday. BofI Holding, Inc. has a one year low of $17.95 and a one year high of $32.57. The stock’s 50 day moving average price is $26.97 and its 200 day moving average price is $25.18. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 13.34 and a beta of 0.39.

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Several analysts have issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $31.00 target price on shares of BofI Holding in a research report on Monday, October 9th. Craig Hallum reaffirmed a “buy” rating and set a $39.00 target price (up previously from $35.00) on shares of BofI Holding in a research report on Wednesday, October 4th. BidaskClub raised BofI Holding from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. FBR & Co reaffirmed a “buy” rating and set a $37.00 target price on shares of BofI Holding in a research report on Friday, September 29th. Finally, ValuEngine cut BofI Holding from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $34.00.

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.

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

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