BofI Holding, Inc. (NASDAQ:BOFI) – Equities researchers at DA Davidson lifted their FY2018 EPS estimates for BofI in a research report issued to clients and investors on Tuesday. DA Davidson analyst G. Tenner now expects that the financial services provider will earn $2.41 per share for the year, up from their previous estimate of $2.33. DA Davidson also issued estimates for BofI’s Q4 2018 earnings at $0.61 EPS and FY2019 earnings at $3.18 EPS.

BofI (NASDAQ:BOFI) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. BofI had a return on equity of 17.00% and a net margin of 29.36%. The business had revenue of $93.89 million during the quarter, compared to analysts’ expectations of $94.93 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The business’s revenue was up 11.1% compared to the same quarter last year.

A number of other equities analysts have also recently commented on BOFI. FBR & Co reissued a “buy” rating and set a $37.00 target price on shares of BofI in a report on Friday, September 29th. Craig Hallum reaffirmed a “buy” rating and issued a $39.00 price target (up previously from $35.00) on shares of BofI in a report on Wednesday, October 4th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $31.00 price target on shares of BofI in a report on Monday, October 9th. Zacks Investment Research cut BofI from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Finally, BidaskClub raised BofI from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. One analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $35.00.

Shares of BofI (NASDAQ:BOFI) traded up $0.33 during trading on Thursday, hitting $32.54. The company’s stock had a trading volume of 1,017,100 shares, compared to its average volume of 735,864. BofI has a fifty-two week low of $21.60 and a fifty-two week high of $32.78. The firm has a market capitalization of $2,050.00, a PE ratio of 15.57, a P/E/G ratio of 1.31 and a beta of 0.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.06.

In related news, Director Edward James Ratinoff sold 7,540 shares of the 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 transaction, the director now directly owns 29,600 shares in the company, valued at $793,280. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mosich Nick sold 18,308 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was 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 owns 83,018 shares of the company’s stock, valued at $2,303,749.50. The disclosure for this sale can be found here. 6.24% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of BOFI. Schwab Charles Investment Management Inc. grew its position in BofI by 4.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 253,483 shares of the financial services provider’s stock worth $6,013,000 after acquiring an additional 11,484 shares during the period. Legal & General Group Plc grew its position in BofI by 9.4% in the second quarter. Legal & General Group Plc now owns 114,619 shares of the financial services provider’s stock worth $2,719,000 after acquiring an additional 9,889 shares during the period. Wells Fargo & Company MN grew its position in BofI by 0.3% in the second quarter. Wells Fargo & Company MN now owns 96,467 shares of the financial services provider’s stock worth $2,288,000 after acquiring an additional 328 shares during the period. Alliancebernstein L.P. grew its position in BofI by 70.7% in the second quarter. Alliancebernstein L.P. now owns 160,880 shares of the financial services provider’s stock worth $3,816,000 after acquiring an additional 66,660 shares during the period. Finally, Teachers Advisors LLC grew its position in BofI by 4.3% in the second quarter. Teachers Advisors LLC now owns 108,368 shares of the financial services provider’s stock worth $2,570,000 after acquiring an additional 4,504 shares during the period. Institutional investors own 84.49% 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.

Earnings History and Estimates for BofI (NASDAQ:BOFI)

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