BofI Holding, Inc. (NASDAQ:BOFI) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.

A number of other analysts also recently commented on the company. Zacks Investment Research downgraded BofI Holding from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. DA Davidson reaffirmed a “buy” rating and set a $33.00 price target on shares of BofI Holding in a research report on Monday, June 12th. Finally, ValuEngine downgraded BofI Holding from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $30.18.

BofI Holding (BOFI) traded down 1.06% during trading on Friday, hitting $27.18. The stock had a trading volume of 805,498 shares. BofI Holding has a one year low of $17.95 and a one year high of $32.57. The firm has a market capitalization of $1.73 billion, a P/E ratio of 13.13 and a beta of 0.42. The stock has a 50 day moving average of $25.23 and a 200 day moving average of $25.90.

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A number of hedge funds have recently added to or reduced their stakes in BOFI. Ameritas Investment Partners Inc. purchased a new stake in BofI Holding during the first quarter worth about $135,000. LS Investment Advisors LLC increased its stake in BofI Holding by 170.7% in the first quarter. LS Investment Advisors LLC now owns 5,653 shares of the financial services provider’s stock worth $148,000 after buying an additional 3,565 shares in the last quarter. Howe & Rusling Inc. increased its stake in BofI Holding by 13.6% in the first quarter. Howe & Rusling Inc. now owns 5,685 shares of the financial services provider’s stock worth $149,000 after buying an additional 680 shares in the last quarter. State of Alaska Department of Revenue increased its stake in BofI Holding by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 6,360 shares of the financial services provider’s stock worth $166,000 after buying an additional 130 shares in the last quarter. Finally, Endurance Wealth Management Inc. increased its stake in BofI Holding by 6.4% in the first quarter. Endurance Wealth Management Inc. now owns 6,688 shares of the financial services provider’s stock worth $174,000 after buying an additional 400 shares in the last quarter. 87.91% of the stock is owned by institutional investors and hedge funds.

BofI Holding 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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