BofI (BOFI) Set to Announce Earnings on Monday

BofI (NASDAQ:BOFI) is scheduled to be posting its quarterly earnings results after the market closes on Monday, January 29th. Analysts expect BofI to post earnings of $0.52 per share for the quarter.

BofI (NASDAQ:BOFI) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The firm had revenue of $93.89 million during the quarter, compared to analyst estimates of $94.93 million. BofI had a return on equity of 17.00% and a net margin of 29.36%. BofI’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 earnings per share. On average, analysts expect BofI to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of BofI (NASDAQ:BOFI) opened at $32.46 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $2,066.27, a P/E ratio of 15.24, a P/E/G ratio of 1.31 and a beta of 0.39. BofI has a twelve month low of $21.60 and a twelve month high of $32.78.

A number of analysts recently issued reports on the company. Zacks Investment Research upgraded BofI from a “hold” rating to a “strong-buy” rating and set a $37.00 price target for the company in a report on Friday, January 12th. BidaskClub upgraded BofI from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 3rd. FBR & Co reiterated a “buy” rating and issued a $37.00 price target on shares of BofI in a report on Friday, September 29th. Craig Hallum reiterated 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. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $31.00 price target on shares of BofI in a report on Monday, October 9th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $35.00.

In related news, 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 transaction, the director now owns 83,018 shares of the company’s stock, valued at $2,303,749.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $202,072.00. Following the completion of the transaction, the director now directly owns 29,600 shares of the company’s stock, valued at approximately $793,280. The disclosure for this sale can be found here. Insiders own 6.24% 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.

Earnings History for BofI (NASDAQ:BOFI)

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