State of Alaska Department of Revenue raised its position in shares of BofI Holding, Inc. (NASDAQ:BOFI) by 79.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,384 shares of the financial services provider’s stock after buying an additional 5,024 shares during the period. State of Alaska Department of Revenue’s holdings in BofI Holding were worth $270,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in BOFI. BlackRock Inc. increased its position in BofI Holding by 115,357.9% in the first quarter. BlackRock Inc. now owns 7,438,953 shares of the financial services provider’s stock worth $194,380,000 after buying an additional 7,432,510 shares in the last quarter. Vanguard Group Inc. increased its position in BofI Holding by 31.2% in the first quarter. Vanguard Group Inc. now owns 5,427,899 shares of the financial services provider’s stock worth $141,831,000 after buying an additional 1,290,172 shares in the last quarter. Credit Agricole S A increased its position in BofI Holding by 90.0% in the first quarter. Credit Agricole S A now owns 456,000 shares of the financial services provider’s stock worth $11,915,000 after buying an additional 216,000 shares in the last quarter. Norges Bank bought a new position in shares of BofI Holding during the fourth quarter valued at approximately $4,892,000. Finally, State Street Corp increased its position in shares of BofI Holding by 8.4% in the first quarter. State Street Corp now owns 1,380,816 shares of the financial services provider’s stock valued at $36,079,000 after buying an additional 106,592 shares during the period. Hedge funds and other institutional investors own 87.91% of the company’s stock.
Shares of BofI Holding, Inc. (NASDAQ:BOFI) opened at 27.18 on Friday. The company has a market capitalization of $1.73 billion, a PE ratio of 13.13 and a beta of 0.42. BofI Holding, Inc. has a 52-week low of $17.95 and a 52-week high of $32.57. The stock has a 50 day moving average price of $25.23 and a 200 day moving average price of $25.90.
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BOFI has been the topic of several analyst reports. ValuEngine downgraded BofI Holding from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded BofI Holding from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. BidaskClub upgraded BofI Holding from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, DA Davidson reiterated a “buy” rating and set a $33.00 price target on shares of BofI Holding in a report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, four have given a buy rating and two have issued a strong buy rating to the stock. BofI Holding presently has an average rating of “Buy” and a consensus target price of $30.18.
About BofI Holding
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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