Shares of BofI Holding, Inc. (NASDAQ:BOFI) have been assigned an average recommendation of “Buy” from the seven analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $30.73.

A number of equities research analysts recently commented on BOFI shares. Zacks Investment Research raised BofI Holding from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Tuesday, April 18th. DA Davidson reaffirmed a “buy” rating and set a $33.00 target price on shares of BofI Holding in a report on Monday, June 12th. ValuEngine downgraded BofI Holding from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. FBR & Co reaffirmed an “outperform” rating and set a $35.00 target price on shares of BofI Holding in a report on Monday, April 3rd. Finally, BidaskClub raised BofI Holding from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th.

Shares of BofI Holding (NASDAQ:BOFI) traded up 1.57% during trading on Monday, hitting $25.30. 591,803 shares of the stock traded hands. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 12.46 and a beta of 0.39. BofI Holding has a 52-week low of $15.29 and a 52-week high of $32.57. The stock has a 50 day moving average of $23.36 and a 200 day moving average of $26.05.

BofI Holding (NASDAQ:BOFI) last released its earnings results on Tuesday, April 25th. The financial services provider reported $0.63 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.63. BofI Holding had a return on equity of 17.91% and a net margin of 29.49%. The firm had revenue of $111.73 million during the quarter, compared to the consensus estimate of $109.89 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. Analysts expect that BofI Holding will post $2.07 EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its position in shares of BofI Holding by 180.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 9,250 shares of the financial services provider’s stock worth $264,000 after buying an additional 5,953 shares during the last quarter. AQR Capital Management LLC increased its position in shares of BofI Holding by 334.1% in the fourth quarter. AQR Capital Management LLC now owns 64,545 shares of the financial services provider’s stock worth $1,843,000 after buying an additional 49,676 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of BofI Holding by 6.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 31,290 shares of the financial services provider’s stock worth $893,000 after buying an additional 2,010 shares during the last quarter. Norges Bank bought a new position in shares of BofI Holding during the fourth quarter worth about $4,892,000. Finally, Teachers Advisors LLC increased its position in shares of BofI Holding by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 99,568 shares of the financial services provider’s stock worth $2,843,000 after buying an additional 4,201 shares during the last quarter. 88.04% of the stock is owned by institutional investors.

About BofI Holding

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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