BofI Holding, Inc. (NASDAQ:BOFI) has earned an average recommendation of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $35.00.

BOFI has been the topic of several research reports. Craig Hallum restated a “buy” rating and issued a $39.00 price target (up previously from $35.00) on shares of BofI in a report on Wednesday, October 4th. FBR & Co restated a “buy” rating and issued a $37.00 price target on shares of BofI in a report on Friday, September 29th. Zacks Investment Research upgraded shares of BofI from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Wednesday, December 27th. BidaskClub upgraded shares of BofI from a “hold” rating to a “buy” rating in a report on Wednesday, December 20th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $30.00 price target on shares of BofI in a report on Thursday, October 26th.

BofI (NASDAQ:BOFI) traded down $0.18 during midday trading on Monday, reaching $31.57. 697,600 shares of the company traded hands, compared to its average volume of 670,844. BofI has a 52-week low of $21.60 and a 52-week high of $32.57. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $2,010.00, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 1.29 and a beta of 0.39.

BofI (NASDAQ:BOFI) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.50 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $93.89 million for the quarter, compared to analyst estimates of $94.93 million. During the same quarter last year, the firm posted $0.45 earnings per share. BofI’s revenue for the quarter was up 11.1% compared to the same quarter last year. sell-side analysts anticipate that BofI will post 2.46 earnings per share for the current fiscal year.

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

Several institutional investors and hedge funds have recently bought and sold shares of BOFI. Victory Capital Management Inc. raised its stake 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 valued at $164,000 after purchasing an additional 2,365 shares during the period. Van Hulzen Asset Management LLC bought a new stake in shares of BofI in the third quarter worth $211,000. Stoneridge Investment Partners LLC bought a new stake in shares of BofI in the third quarter worth $214,000. Jaffetilchin Investment Partners LLC bought a new stake in shares of BofI in the third quarter worth $228,000. Finally, Amalgamated Bank bought a new stake in shares of BofI in the third quarter worth $231,000. Institutional investors own 84.49% of the company’s stock.

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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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