Shares of BofI Holding, Inc. (NASDAQ:BOFI) have earned a consensus recommendation of “Buy” from the nine analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $36.00.
Several brokerages recently issued reports on BOFI. Stephens reissued a “buy” rating and issued a $39.00 price objective on shares of BofI in a research note on Thursday, February 1st. Zacks Investment Research raised BofI from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Wednesday, January 31st. Sandler O’Neill reissued a “buy” rating and issued a $38.00 price objective on shares of BofI in a research note on Wednesday, January 31st. BidaskClub raised BofI from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 3rd. Finally, FBR & Co reaffirmed a “buy” rating and set a $36.00 target price (down previously from $37.00) on shares of BofI in a research report on Thursday, October 26th.
Shares of BofI (NASDAQ:BOFI) traded up $0.55 during trading hours on Friday, reaching $34.90. The company had a trading volume of 656,773 shares, compared to its average volume of 833,631. BofI has a 52 week low of $21.60 and a 52 week high of $38.51. The company has a market capitalization of $2,180.00, a PE ratio of 16.70, a P/E/G ratio of 1.42 and a beta of 0.45. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.14 and a current ratio of 1.15.
In other BofI news, Director Mosich Nick sold 18,308 shares of the stock in a transaction on Friday, December 1st. The stock was 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 can be accessed through this hyperlink. 6.24% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of BOFI. Mesirow Financial Investment Management Equity Management acquired a new stake in shares of BofI in the 4th quarter worth $21,991,000. APG Asset Management N.V. boosted its position in shares of BofI by 691.1% in the 4th quarter. APG Asset Management N.V. now owns 407,400 shares of the financial services provider’s stock worth $10,144,000 after purchasing an additional 355,900 shares in the last quarter. BlackRock Inc. boosted its position in shares of BofI by 4.4% in the 4th quarter. BlackRock Inc. now owns 7,929,330 shares of the financial services provider’s stock worth $237,087,000 after purchasing an additional 334,469 shares in the last quarter. Wasatch Advisors Inc. boosted its position in shares of BofI by 69.4% in the 2nd quarter. Wasatch Advisors Inc. now owns 632,947 shares of the financial services provider’s stock worth $15,014,000 after purchasing an additional 259,310 shares in the last quarter. Finally, OxFORD Asset Management LLP acquired a new stake in shares of BofI in the 3rd quarter worth $5,993,000. 87.98% of the stock is owned by hedge funds and other institutional investors.
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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