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

Other research analysts have also issued reports about the company. DA Davidson reaffirmed a “buy” rating and issued a $33.00 target price on shares of BofI Holding in a research report on Monday, June 12th. ValuEngine lowered BofI Holding from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research lowered BofI Holding from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the stock. BofI Holding presently has a consensus rating of “Buy” and a consensus price target of $30.18.

BofI Holding (NASDAQ BOFI) traded down 1.53% during trading on Friday, reaching $26.37. The company had a trading volume of 659,086 shares. BofI Holding has a 12 month low of $17.95 and a 12 month high of $32.57. The stock has a 50 day moving average of $25.75 and a 200-day moving average of $25.87. The company has a market capitalization of $1.68 billion, a P/E ratio of 12.74 and a beta of 0.42.

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Several hedge funds have recently added to or reduced their stakes in BOFI. Wasatch Advisors Inc. increased its stake in BofI Holding by 69.4% in the second quarter. Wasatch Advisors Inc. now owns 632,947 shares of the financial services provider’s stock valued at $15,014,000 after buying an additional 259,310 shares during the period. Public Employees Retirement System of Ohio bought a new stake in BofI Holding during the second quarter valued at about $447,000. Grandeur Peak Global Advisors LLC increased its stake in BofI Holding by 20.1% in the second quarter. Grandeur Peak Global Advisors LLC now owns 49,550 shares of the financial services provider’s stock valued at $1,175,000 after buying an additional 8,300 shares during the period. Piedmont Investment Advisors LLC bought a new stake in BofI Holding during the second quarter valued at about $296,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in BofI Holding during the second quarter valued at about $242,000. Institutional investors own 88.97% of the company’s stock.

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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