BlackRock Inc. Buys 334,469 Shares of BofI Holding, Inc. (BOFI)
BlackRock Inc. grew its stake in BofI Holding, Inc. (NASDAQ:BOFI) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,929,330 shares of the financial services provider’s stock after purchasing an additional 334,469 shares during the period. BlackRock Inc. owned approximately 0.13% of BofI worth $237,087,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in shares of BofI by 69.9% in the third quarter. Victory Capital Management Inc. now owns 5,746 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 2,365 shares during the period. Miles Capital Inc. acquired a new position in shares of BofI in the fourth quarter valued at approximately $207,000. Van Hulzen Asset Management LLC acquired a new position in shares of BofI in the third quarter valued at approximately $211,000. Eqis Capital Management Inc. acquired a new position in shares of BofI in the fourth quarter valued at approximately $228,000. Finally, Amalgamated Bank acquired a new position in shares of BofI in the third quarter valued at approximately $231,000. 84.97% of the stock is currently owned by institutional investors and hedge funds.
BofI Holding, Inc. (NASDAQ:BOFI) opened at $41.81 on Wednesday. BofI Holding, Inc. has a twelve month low of $21.60 and a twelve month high of $42.39. The firm has a market capitalization of $2,610.00, a price-to-earnings ratio of 18.83, a P/E/G ratio of 1.62 and a beta of 0.43. The company has a current ratio of 1.15, a quick ratio of 1.14 and a debt-to-equity ratio of 0.06.
A number of research analysts recently weighed in on BOFI shares. Zacks Investment Research lowered BofI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 30th. Stephens reaffirmed a “buy” rating and set a $39.00 price objective on shares of BofI in a report on Thursday, February 1st. ValuEngine raised BofI from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Sandler O’Neill reaffirmed a “buy” rating and set a $38.00 price objective on shares of BofI in a report on Wednesday, January 31st. Finally, BidaskClub raised BofI from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $36.00.
In other BofI news, Director James John Court sold 9,000 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $40.33, for a total transaction of $362,970.00. Following the sale, the director now directly owns 28,856 shares in the company, valued at $1,163,762.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.24% of the stock is currently owned by insiders.
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.
Want to see what other hedge funds are holding BOFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BofI Holding, Inc. (NASDAQ:BOFI).
Receive News & Ratings for BofI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BofI and related companies with MarketBeat.com's FREE daily email newsletter.