BofI Holding, Inc. (BOFI) Expected to Post Earnings of $0.52 Per Share
Equities research analysts expect BofI Holding, Inc. (NASDAQ:BOFI) to announce earnings per share (EPS) of $0.52 for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for BofI’s earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.51. BofI posted earnings per share of $0.50 during the same quarter last year, which indicates a positive year over year growth rate of 4%. The firm is scheduled to issue its next earnings results on Monday, January 29th.
According to Zacks, analysts expect that BofI will report full-year earnings of $2.38 per share for the current financial year, with EPS estimates ranging from $2.30 to $2.54. For the next fiscal year, analysts expect that the firm will report earnings of $2.76 per share, with EPS estimates ranging from $2.63 to $3.08. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow BofI.
BofI (NASDAQ:BOFI) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The business had revenue of $93.89 million for the quarter, compared to analysts’ expectations of $94.93 million. BofI had a return on equity of 17.00% and a net margin of 29.36%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS.
In other BofI news, Director Edward James Ratinoff sold 7,540 shares of the business’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 value of $202,072.00. Following the sale, the director now owns 29,600 shares of the company’s stock, valued at $793,280. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mosich Nick sold 18,308 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $27.75, for a total value of $508,047.00. Following the completion of the sale, the director now directly owns 83,018 shares in the company, valued at approximately $2,303,749.50. The disclosure for this sale can be found here. Corporate insiders own 6.24% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Municipal Employees Retirement System of Michigan raised its position in BofI by 54.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 21,070 shares of the financial services provider’s stock valued at $600,000 after purchasing an additional 7,460 shares during the period. Scout Investments Inc. increased its position in shares of BofI by 77.8% during the second quarter. Scout Investments Inc. now owns 116,400 shares of the financial services provider’s stock worth $2,761,000 after acquiring an additional 50,950 shares during the period. Vanguard Group Inc. increased its position in shares of BofI by 2.3% during the second quarter. Vanguard Group Inc. now owns 5,550,221 shares of the financial services provider’s stock worth $131,652,000 after acquiring an additional 122,322 shares during the period. Prudential PLC increased its position in shares of BofI by 15.9% during the second quarter. Prudential PLC now owns 718,500 shares of the financial services provider’s stock worth $17,043,000 after acquiring an additional 98,700 shares during the period. Finally, JCSD Capital LLC increased its position in shares of BofI by 50.0% during the second quarter. JCSD Capital LLC now owns 105,000 shares of the financial services provider’s stock worth $2,491,000 after acquiring an additional 35,000 shares during the period. 84.40% of the stock is currently owned by institutional investors.
Shares of BofI (NASDAQ BOFI) traded up $0.05 during trading on Wednesday, hitting $26.84. The stock had a trading volume of 416,400 shares, compared to its average volume of 761,376. The firm has a market cap of $1,705.35, a PE ratio of 12.64, a P/E/G ratio of 1.13 and a beta of 0.39. BofI has a fifty-two week low of $21.60 and a fifty-two week high of $32.57. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.06.
BofI 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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