Shares of BofI Holding, Inc. (NASDAQ:BOFI) have been given a consensus recommendation of “Buy” by the ten ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $44.50.

BOFI has been the subject of several recent analyst reports. BidaskClub cut shares of BofI from a “hold” rating to a “sell” rating in a research report on Thursday, September 20th. Zacks Investment Research cut shares of BofI from a “hold” rating to a “sell” rating in a research report on Friday, August 10th. Stephens reaffirmed a “buy” rating and set a $45.00 price objective on shares of BofI in a research report on Thursday, August 9th. Finally, ValuEngine cut shares of BofI from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th.

BofI has a 1 year low of $24.20 and a 1 year high of $45.18.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in BofI by 2.5% in the second quarter. BlackRock Inc. now owns 8,435,089 shares of the financial services provider’s stock valued at $345,079,000 after acquiring an additional 209,319 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in BofI by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,074,956 shares of the financial services provider’s stock valued at $84,886,000 after purchasing an additional 22,234 shares during the period. Northern Trust Corp increased its stake in BofI by 11.9% in the second quarter. Northern Trust Corp now owns 835,049 shares of the financial services provider’s stock valued at $34,162,000 after purchasing an additional 88,776 shares during the period. Janus Henderson Group PLC increased its stake in BofI by 4.9% in the second quarter. Janus Henderson Group PLC now owns 667,666 shares of the financial services provider’s stock valued at $27,314,000 after purchasing an additional 30,942 shares during the period. Finally, Epoch Investment Partners Inc. acquired a new position in BofI in the second quarter valued at $19,319,000. 75.30% of the stock is owned by hedge funds and other institutional investors.

About BofI

BofI Holding, Inc operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; prime loans to customers secured by new and used automobiles; and term unsecured personal loans to individual borrowers, as well as overdraft lines of credit.

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Analyst Recommendations for BofI (NASDAQ:BOFI)

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