Zacks: Analysts Anticipate BofI Holding, Inc. (BOFI) Will Post Quarterly Sales of $100.13 Million
Analysts expect BofI Holding, Inc. (NASDAQ:BOFI) to post $100.13 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for BofI’s earnings, with the lowest sales estimate coming in at $98.53 million and the highest estimate coming in at $101.65 million. BofI posted sales of $93.06 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.6%. The company is expected to announce its next quarterly earnings results after the market closes on Tuesday, January 30th.
On average, analysts expect that BofI will report full year sales of $100.13 million for the current financial year, with estimates ranging from $421.49 million to $449.21 million. For the next year, analysts anticipate that the firm will post sales of $500.29 million per share, with estimates ranging from $488.00 million to $516.35 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for BofI.
BofI (NASDAQ:BOFI) last released its quarterly 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 had a return on equity of 17.00% and a net margin of 29.36%. The company had revenue of $93.89 million during the quarter, compared to analysts’ expectations of $94.93 million. During the same quarter in the prior year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year.
In other news, Director Edward James Ratinoff sold 7,540 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 29,600 shares of the company’s stock, valued at $793,280. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mosich Nick sold 18,308 shares of the company’s stock in a transaction 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 sale, the director now directly owns 83,018 shares of the company’s stock, valued at $2,303,749.50. The disclosure for this sale can be found here. Company insiders own 6.24% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in shares of BofI by 0.5% during the second quarter. PNC Financial Services Group Inc. now owns 16,771 shares of the financial services provider’s stock valued at $398,000 after purchasing an additional 80 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of BofI by 0.3% during the second quarter. Wells Fargo & Company MN now owns 96,467 shares of the financial services provider’s stock valued at $2,288,000 after purchasing an additional 328 shares during the last quarter. Shelton Capital Management lifted its holdings in shares of BofI by 0.8% during the second quarter. Shelton Capital Management now owns 53,328 shares of the financial services provider’s stock valued at $1,265,000 after purchasing an additional 419 shares during the last quarter. Pinebridge Investments L.P. lifted its holdings in shares of BofI by 2.1% during the second quarter. Pinebridge Investments L.P. now owns 39,656 shares of the financial services provider’s stock valued at $941,000 after purchasing an additional 807 shares during the last quarter. Finally, Profund Advisors LLC lifted its holdings in shares of BofI by 8.6% during the second quarter. Profund Advisors LLC now owns 10,903 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 867 shares during the last quarter. 84.49% of the stock is owned by institutional investors and hedge funds.
BofI (BOFI) traded up $0.33 during trading hours on Thursday, hitting $32.54. The stock had a trading volume of 1,017,100 shares, compared to its average volume of 735,864. BofI has a 12 month low of $21.60 and a 12 month high of $32.78. The company has a market capitalization of $2,040.00, a PE ratio of 15.57, a price-to-earnings-growth ratio of 1.31 and a beta of 0.39. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.13 and a current ratio of 1.13.
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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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