BofI Holding, Inc. (NASDAQ:BOFI) – Equities research analysts at DA Davidson lowered their Q2 2018 earnings per share (EPS) estimates for shares of BofI in a research note issued to investors on Tuesday. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings of $0.47 per share for the quarter, down from their previous forecast of $0.51. DA Davidson also issued estimates for BofI’s Q3 2018 earnings at $0.84 EPS.

BOFI has been the topic of several other research reports. Craig Hallum restated a “buy” rating and set a $39.00 price objective (up previously from $35.00) on shares of BofI in a research report on Wednesday, October 4th. Zacks Investment Research cut shares of BofI from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. BidaskClub upgraded shares of BofI from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. FBR & Co restated a “buy” rating and set a $37.00 price objective on shares of BofI in a research report on Friday, September 29th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $30.00 price objective on shares of BofI in a research report on Thursday, October 26th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $35.00.

BofI (NASDAQ:BOFI) traded up $0.64 during trading on Wednesday, hitting $32.21. 1,039,800 shares of the stock traded hands, compared to its average volume of 707,740. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $2,070.00, a PE ratio of 15.41, a P/E/G ratio of 1.29 and a beta of 0.39. BofI has a 12-month low of $21.60 and a 12-month high of $32.61.

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

In other news, Director Mosich Nick sold 18,308 shares of BofI stock in a transaction dated 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 of the company’s stock, valued at approximately $2,303,749.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward James Ratinoff sold 7,540 shares of BofI stock in a transaction dated 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 directly owns 29,600 shares in the company, valued at approximately $793,280. The disclosure for this sale can be found here. 6.24% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan boosted its stake in shares of BofI by 54.8% during the 3rd 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 in the last quarter. Vanguard Group Inc. boosted its stake in shares of BofI by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,550,221 shares of the financial services provider’s stock valued at $131,652,000 after purchasing an additional 122,322 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of BofI by 3.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 589,816 shares of the financial services provider’s stock valued at $16,864,000 after purchasing an additional 20,373 shares in the last quarter. Prudential PLC boosted its stake in shares of BofI by 15.9% during the 2nd quarter. Prudential PLC now owns 718,500 shares of the financial services provider’s stock valued at $17,043,000 after purchasing an additional 98,700 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of BofI by 2.1% during the 2nd quarter. BlackRock Inc. now owns 7,591,710 shares of the financial services provider’s stock valued at $180,074,000 after purchasing an additional 152,757 shares in the last quarter. 84.49% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for BofI (NASDAQ:BOFI)

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