BofI Holding, Inc. (NASDAQ:BOFI) Director Edward James Ratinoff sold 7,540 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $26.80, for a total value of $202,072.00. Following the completion of the transaction, the director now owns 29,600 shares in the company, valued at approximately $793,280. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

BofI Holding, Inc. (BOFI) traded down $0.32 during midday trading on Friday, reaching $26.74. The company’s stock had a trading volume of 20,636 shares, compared to its average volume of 520,498. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 12.69 and a beta of 0.40.

BofI Holding (NASDAQ:BOFI) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. BofI Holding had a return on equity of 17.00% and a net margin of 29.36%. The company had revenue of $93.89 million for the quarter, compared to analysts’ expectations of $94.93 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. research analysts anticipate that BofI Holding, Inc. will post 2.38 earnings per share for the current year.

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Several equities analysts recently issued reports on the company. BidaskClub upgraded BofI Holding from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. ValuEngine cut BofI Holding from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $30.00 target price on shares of BofI Holding in a research report on Thursday, October 26th. FBR & Co reiterated a “buy” rating and set a $37.00 target price on shares of BofI Holding in a research report on Friday, September 29th. Finally, Zacks Investment Research cut BofI Holding from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $33.60.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Scout Investments Inc. increased its position in BofI Holding by 77.8% during the 2nd quarter. Scout Investments Inc. now owns 116,400 shares of the financial services provider’s stock worth $2,761,000 after purchasing an additional 50,950 shares during the period. Wellington Management Group LLP purchased a new stake in shares of BofI Holding during the 1st quarter worth approximately $1,356,000. Karp Capital Management Corp purchased a new stake in shares of BofI Holding during the 1st quarter worth approximately $254,000. BlackRock Inc. boosted its stake in shares of BofI Holding by 115,357.9% during the 1st quarter. BlackRock Inc. now owns 7,438,953 shares of the financial services provider’s stock worth $194,380,000 after acquiring an additional 7,432,510 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in shares of BofI Holding by 54.5% during the 1st quarter. OppenheimerFunds Inc. now owns 11,977 shares of the financial services provider’s stock worth $313,000 after acquiring an additional 4,226 shares in the last quarter. Institutional investors own 88.09% of the company’s stock.

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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