Shares of BofI Holding, Inc. (NASDAQ:BOFI) have earned an average rating of “Buy” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $34.00.
Several brokerages recently issued reports on BOFI. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $31.00 price target on shares of BofI Holding in a report on Monday. Craig Hallum reissued a “buy” rating and set a $39.00 target price (up from $35.00) on shares of BofI Holding in a report on Wednesday, October 4th. FBR & Co reissued a “buy” rating and set a $37.00 target price on shares of BofI Holding in a report on Friday, September 29th. ValuEngine lowered shares of BofI Holding from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. Finally, BidaskClub lowered shares of BofI Holding from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 19th.
Shares of BofI Holding (BOFI) traded down 0.15% during trading on Friday, reaching $27.42. 323,972 shares of the company traded hands. BofI Holding has a 12-month low of $17.95 and a 12-month high of $32.57. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 13.25 and a beta of 0.39. The company has a 50 day moving average price of $26.79 and a 200 day moving average price of $25.14.
Hedge funds and other institutional investors have recently modified their holdings of the company. Scout Investments Inc. lifted its position in shares of BofI Holding by 77.8% in the 2nd quarter. Scout Investments Inc. now owns 116,400 shares of the financial services provider’s stock worth $2,761,000 after purchasing an additional 50,950 shares during the period. Wellington Management Group LLP acquired a new position in shares of BofI Holding in the 1st quarter worth approximately $1,356,000. Karp Capital Management Corp acquired a new position in shares of BofI Holding in the 1st quarter worth approximately $254,000. BlackRock Inc. lifted its position in shares of BofI Holding by 115,357.9% in the 1st quarter. BlackRock Inc. now owns 7,438,953 shares of the financial services provider’s stock worth $194,380,000 after purchasing an additional 7,432,510 shares during the period. Finally, OppenheimerFunds Inc. lifted its position in shares of BofI Holding by 54.5% in the 1st quarter. OppenheimerFunds Inc. now owns 11,977 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 4,226 shares during the period. Hedge funds and other institutional investors own 88.09% of the company’s stock.
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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