Peregrine Capital Management LLC boosted its stake in BofI Holding, Inc. (NASDAQ:BOFI) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 395,359 shares of the financial services provider’s stock after buying an additional 8,043 shares during the period. Peregrine Capital Management LLC owned 0.62% of BofI Holding worth $11,256,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Scout Investments Inc. lifted its holdings in BofI Holding by 77.8% in the second quarter. Scout Investments Inc. now owns 116,400 shares of the financial services provider’s stock worth $2,761,000 after buying an additional 50,950 shares during the period. Wellington Management Group LLP purchased a new stake in BofI Holding in the first quarter worth about $1,356,000. Karp Capital Management Corp purchased a new stake in BofI Holding in the first quarter worth about $254,000. BlackRock Inc. lifted its holdings 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 during the period. Finally, OppenheimerFunds Inc. lifted its holdings in BofI Holding by 54.5% in the first quarter. OppenheimerFunds Inc. now owns 11,977 shares of the financial services provider’s stock worth $313,000 after buying an additional 4,226 shares during the period. Institutional investors and hedge funds own 88.09% of the company’s stock.
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BofI Holding (NASDAQ:BOFI) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. The business had revenue of $93.89 million for the quarter, compared to the consensus estimate of $94.93 million. BofI Holding had a net margin of 29.36% and a return on equity of 17.00%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 EPS.
Several analysts have commented on BOFI shares. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $31.00 price objective on shares of BofI Holding in a report on Monday, October 9th. Zacks Investment Research lowered shares of BofI Holding from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Craig Hallum restated a “buy” rating and issued a $39.00 price objective (up from $35.00) on shares of BofI Holding in a report on Wednesday, October 4th. FBR & Co restated a “buy” rating and issued a $36.00 price objective (down from $37.00) on shares of BofI Holding in a report on Thursday, October 26th. Finally, ValuEngine lowered shares of BofI Holding from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $33.60.
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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