State of Alaska Department of Revenue Has $270,000 Position in BofI Holding, Inc. (NASDAQ:BOFI)

State of Alaska Department of Revenue increased its position in BofI Holding, Inc. (NASDAQ:BOFI) by 79.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of 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 shares of 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 shares of 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 acquired a new position in shares of BofI Holding during the fourth quarter worth $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 worth $36,079,000 after buying an additional 106,592 shares in the last quarter. 88.97% of the stock is owned by institutional investors.

Shares of BofI Holding, Inc. (NASDAQ BOFI) opened at 26.37 on Friday. BofI Holding, Inc. has a 12 month low of $17.71 and a 12 month high of $32.57. The company has a market capitalization of $1.68 billion, a P/E ratio of 12.74 and a beta of 0.42. The stock’s 50 day moving average is $25.75 and its 200 day moving average is $25.87.

TRADEMARK VIOLATION WARNING: “State of Alaska Department of Revenue Has $270,000 Position in BofI Holding, Inc. (NASDAQ:BOFI)” was first reported by Community Financial News and is owned by of Community Financial News. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and international copyright law. The correct version of this report can be viewed at https://www.com-unik.info/2017/08/19/state-of-alaska-department-of-revenue-boosts-position-in-bofi-holding-inc-nasdaqbofi-updated-updated.html.

A number of equities research analysts have recently commented on BOFI shares. Zacks Investment Research cut shares of BofI Holding from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. ValuEngine cut shares of BofI Holding from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub upgraded shares of BofI Holding from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, DA Davidson restated a “buy” rating and issued a $33.00 target price on shares of BofI Holding in a report on Monday, June 12th. One analyst has rated the stock with a sell rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $30.18.

BofI Holding 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.

Institutional Ownership by Quarter for BofI Holding (NASDAQ:BOFI)

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