BidaskClub cut shares of BofI (NASDAQ:BOFI) from a buy rating to a hold rating in a report issued on Friday morning.

Several other research analysts have also recently commented on the company. Zacks Investment Research raised BofI from a sell rating to a hold rating in a research report on Monday, December 4th. Keefe, Bruyette & Woods reissued a hold rating and set a $30.00 price target on shares of BofI in a research report on Thursday, October 26th. FBR & Co reissued a buy rating and set a $36.00 price target (down from $37.00) on shares of BofI in a research report on Thursday, October 26th. Craig Hallum reissued a buy rating and set a $39.00 price target (up from $35.00) on shares of BofI in a research report on Wednesday, October 4th. Finally, ValuEngine cut BofI from a strong-buy rating to a buy rating in a research report on Thursday, August 24th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. BofI presently has a consensus rating of Buy and a consensus price target of $34.50.

Shares of BofI (NASDAQ:BOFI) traded up $0.16 during midday trading on Friday, reaching $27.42. The company had a trading volume of 321,871 shares, compared to its average volume of 526,173. BofI has a 1 year low of $21.60 and a 1 year high of $32.57. 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 $1,735.27, a PE ratio of 12.86, a PEG ratio of 1.15 and a beta of 0.39.

BofI (NASDAQ:BOFI) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.49 by $0.01. BofI had a return on equity of 17.00% and a net margin of 29.36%. The firm had revenue of $93.89 million during the quarter, compared to analysts’ expectations of $94.93 million. During the same period in the prior year, the firm posted $0.45 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. sell-side analysts forecast that BofI will post 2.38 earnings per share for the current fiscal year.

In other news, Director Edward James Ratinoff sold 7,540 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $26.80, for a total value of $202,072.00. Following the completion of the sale, the director now directly owns 29,600 shares of the company’s stock, valued at $793,280. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mosich Nick sold 18,308 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $27.75, for a total value of $508,047.00. Following the completion of the sale, the director now directly owns 83,018 shares of the company’s stock, valued at $2,303,749.50. The disclosure for this sale can be found here. Company insiders own 6.24% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Alps Advisors Inc. increased its stake in shares of BofI by 0.3% during the second quarter. Alps Advisors Inc. now owns 16,603 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 43 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of BofI by 0.5% during the second quarter. PNC Financial Services Group Inc. now owns 16,771 shares of the financial services provider’s stock worth $398,000 after purchasing an additional 80 shares during the period. Arizona State Retirement System increased its stake in shares of BofI by 0.3% during the second quarter. Arizona State Retirement System now owns 30,124 shares of the financial services provider’s stock worth $715,000 after purchasing an additional 100 shares during the period. Wells Fargo & Company MN increased its stake in shares of BofI by 0.3% during the second quarter. Wells Fargo & Company MN now owns 96,467 shares of the financial services provider’s stock worth $2,288,000 after purchasing an additional 328 shares during the period. Finally, Texas Permanent School Fund increased its stake in shares of BofI by 0.9% during the second quarter. Texas Permanent School Fund now owns 42,116 shares of the financial services provider’s stock worth $999,000 after purchasing an additional 370 shares during the period. Institutional investors own 84.40% of the company’s stock.

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BofI 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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