OxFORD Asset Management LLP Buys Shares of 209,606 BofI Holding, Inc. (BOFI)
OxFORD Asset Management LLP bought a new stake in shares of BofI Holding, Inc. (NASDAQ:BOFI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 209,606 shares of the financial services provider’s stock, valued at approximately $5,993,000. OxFORD Asset Management LLP owned approximately 0.33% of BofI at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. BlackRock Inc. increased its position in BofI 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 buying an additional 152,757 shares in the last quarter. Vanguard Group Inc. increased its position in BofI by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,550,221 shares of the financial services provider’s stock valued at $131,652,000 after buying an additional 122,322 shares in the last quarter. State Street Corp increased its holdings in shares of BofI by 4.3% in the second quarter. State Street Corp now owns 1,439,590 shares of the financial services provider’s stock valued at $34,147,000 after purchasing an additional 58,774 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of BofI by 2.5% in the second 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 purchasing an additional 24,314 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of BofI by 3.4% in the second quarter. Northern Trust Corp now owns 823,146 shares of the financial services provider’s stock valued at $19,525,000 after purchasing an additional 27,080 shares during the period. 84.40% of the stock is currently owned by institutional investors.
BOFI has been the topic of a number of research reports. Zacks Investment Research lowered BofI from a “hold” rating to a “sell” rating in a report on Friday, October 27th. FBR & Co reissued a “buy” rating and issued a $36.00 price objective (down from $37.00) on shares of BofI in a report on Thursday, October 26th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $31.00 price objective on shares of BofI in a report on Monday, October 9th. Craig Hallum reissued a “buy” rating and issued a $39.00 price objective (up from $35.00) on shares of BofI in a report on Wednesday, October 4th. Finally, ValuEngine lowered BofI from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. BofI has an average rating of “Buy” and a consensus target price of $34.50.
BofI Holding, Inc. (BOFI) opened at $28.02 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1,780.00, a PE ratio of 13.10, a PEG ratio of 1.18 and a beta of 0.39. BofI Holding, Inc. has a 1-year low of $21.60 and a 1-year high of $32.57.
BofI (NASDAQ:BOFI) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The business had revenue of $93.89 million for the quarter, compared to analyst estimates of $94.93 million. BofI had a return on equity of 17.00% and a net margin of 29.36%. The company’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 earnings per share. sell-side analysts anticipate that BofI Holding, Inc. will post 2.35 EPS for the current fiscal year.
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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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