BofI (NASDAQ:BOFI) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report released on Friday.

BOFI has been the topic of several other reports. FBR & Co restated a “buy” rating and set a $36.00 target price (down from $37.00) on shares of BofI in a research report on Thursday, October 26th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $31.00 target price on shares of BofI in a research report on Monday, October 9th. ValuEngine cut shares of BofI from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research upgraded shares of BofI from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Craig Hallum restated a “buy” rating and set a $39.00 target price (up from $35.00) on shares of BofI in a research report on Wednesday, October 4th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. BofI has a consensus rating of “Buy” and a consensus price target of $34.50.

BofI (NASDAQ:BOFI) traded up $0.16 on Friday, hitting $27.42. 325,975 shares of the company’s stock traded hands, compared to its average volume of 763,859. BofI has a twelve month low of $21.60 and a twelve month high of $32.57. The company has a market cap of $1,760.73, a P/E ratio of 13.05, a PEG ratio of 1.18 and a beta of 0.39. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.13 and a quick ratio of 1.13.

BofI (NASDAQ:BOFI) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.49 by $0.01. BofI had a net margin of 29.36% and a return on equity of 17.00%. The business had revenue of $93.89 million during the quarter, compared to the consensus estimate of $94.93 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The business’s revenue was up 11.1% on a year-over-year basis. analysts forecast that BofI will post 2.35 earnings per share for the current year.

In related news, Director Mosich Nick sold 18,308 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $27.75, for a total value of $508,047.00. Following the sale, the director now directly owns 83,018 shares of the company’s stock, valued at approximately $2,303,749.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward James Ratinoff sold 7,540 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $26.80, for a total transaction of $202,072.00. Following the transaction, the director now directly owns 29,600 shares in the company, valued at $793,280. The disclosure for this sale can be found here. Corporate insiders own 6.24% of the company’s stock.

Large investors have recently modified their holdings of the company. Victory Capital Management Inc. increased its position in shares of BofI by 69.9% during the third quarter. Victory Capital Management Inc. now owns 5,746 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 2,365 shares during the period. Van Hulzen Asset Management LLC purchased a new position in shares of BofI during the third quarter worth approximately $211,000. Stoneridge Investment Partners LLC bought a new position in shares of BofI during the third quarter valued at approximately $214,000. Jaffetilchin Investment Partners LLC bought a new position in shares of BofI during the third quarter valued at approximately $228,000. Finally, Amalgamated Bank bought a new position in shares of BofI during the third quarter valued at approximately $231,000. 84.40% of the stock is currently owned by institutional investors and hedge funds.

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About BofI

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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