BofI Holding, Inc. (NASDAQ:BOFI) was the target of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 20,977,966 shares, a decrease of 2.3% from the November 15th total of 21,464,612 shares. Based on an average daily volume of 528,867 shares, the days-to-cover ratio is currently 39.7 days. Currently, 37.5% of the shares of the stock are short sold.

A number of equities analysts recently weighed in on BOFI shares. Craig Hallum restated a “buy” rating and set a $39.00 target price (up previously from $35.00) on shares of BofI in a research report on Wednesday, October 4th. FBR & Co restated a “buy” rating and set a $37.00 target price on shares of BofI in a research report on Friday, September 29th. ValuEngine lowered shares of BofI from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th. BidaskClub upgraded shares of BofI from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $30.00 target price on shares of BofI in a research report on Thursday, October 26th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $34.50.

Shares of BofI (NASDAQ:BOFI) traded up $0.94 during trading hours on Monday, hitting $28.17. 986,400 shares of the company were exchanged, compared to its average volume of 759,759. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.06. BofI has a 12-month low of $21.60 and a 12-month high of $32.57. The company has a market capitalization of $1,793.19, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 1.18 and a beta of 0.39.

BofI (NASDAQ:BOFI) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. BofI had a net margin of 29.36% and a return on equity of 17.00%. The firm had revenue of $93.89 million during the quarter, compared to analyst estimates of $94.93 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. BofI’s revenue for the quarter was up 11.1% on a year-over-year basis. equities research analysts anticipate that BofI will post 2.38 EPS for the current year.

In other BofI news, Director Mosich Nick sold 18,308 shares of the company’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 transaction, the director now directly owns 83,018 shares in the company, valued at $2,303,749.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Edward James Ratinoff sold 7,540 shares of the company’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 transaction of $202,072.00. Following the completion of the transaction, the director now owns 29,600 shares of the company’s stock, valued at $793,280. The disclosure for this sale can be found here. Corporate insiders own 6.24% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan lifted its position in BofI by 54.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 21,070 shares of the financial services provider’s stock valued at $600,000 after purchasing an additional 7,460 shares during the last quarter. Scout Investments Inc. lifted its position in BofI by 77.8% during the second quarter. Scout Investments Inc. now owns 116,400 shares of the financial services provider’s stock valued at $2,761,000 after purchasing an additional 50,950 shares during the last quarter. Vanguard Group Inc. lifted its position in BofI by 2.3% during the second quarter. Vanguard Group Inc. now owns 5,550,221 shares of the financial services provider’s stock valued at $131,652,000 after purchasing an additional 122,322 shares during the last quarter. Prudential PLC lifted its position in BofI by 15.9% during the second quarter. Prudential PLC now owns 718,500 shares of the financial services provider’s stock valued at $17,043,000 after purchasing an additional 98,700 shares during the last quarter. Finally, JCSD Capital LLC lifted its position in BofI by 50.0% during the second quarter. JCSD Capital LLC now owns 105,000 shares of the financial services provider’s stock valued at $2,491,000 after purchasing an additional 35,000 shares during the last quarter. Institutional investors and hedge funds 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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