BofI Holding, Inc. (NASDAQ:BOFI) Director Edward James Ratinoff sold 7,540 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $26.80, for a total value of $202,072.00. Following the completion of the transaction, the director now directly owns 29,600 shares of the company’s stock, valued at $793,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of BofI Holding, Inc. (NASDAQ:BOFI) opened at $26.48 on Monday. The stock has a market capitalization of $1,685.61, a price-to-earnings ratio of 12.49, a P/E/G ratio of 1.11 and a beta of 0.40. BofI Holding, Inc. has a 52 week low of $18.21 and a 52 week high of $32.57. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.13 and a current ratio of 1.13.
BofI Holding (NASDAQ:BOFI) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The company had revenue of $93.89 million during the quarter, compared to analyst estimates of $94.93 million. BofI Holding had a return on equity of 17.00% and a net margin of 29.36%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company earned $0.45 earnings per share. equities analysts expect that BofI Holding, Inc. will post 2.38 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of BOFI. UBS Asset Management Americas Inc. raised its position in BofI Holding by 45.4% during the first quarter. UBS Asset Management Americas Inc. now owns 31,997 shares of the financial services provider’s stock valued at $836,000 after purchasing an additional 9,986 shares in the last quarter. Karp Capital Management Corp purchased a new stake in BofI Holding during the first quarter valued at about $254,000. Parametric Portfolio Associates LLC raised its position in BofI Holding by 30.9% during the first quarter. Parametric Portfolio Associates LLC now owns 86,392 shares of the financial services provider’s stock valued at $2,257,000 after purchasing an additional 20,408 shares in the last quarter. OppenheimerFunds Inc. raised its position in BofI Holding by 54.5% during the first quarter. OppenheimerFunds Inc. now owns 11,977 shares of the financial services provider’s stock valued at $313,000 after purchasing an additional 4,226 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in BofI Holding during the first quarter valued at about $1,356,000. 87.55% of the stock is owned by institutional investors.
A number of research firms have recently commented on BOFI. FBR & Co reaffirmed a “buy” rating and issued a $37.00 price target on shares of BofI Holding in a report on Friday, September 29th. Craig Hallum reaffirmed a “buy” rating and issued a $39.00 price target (up from $35.00) on shares of BofI Holding in a report on Wednesday, October 4th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $31.00 price target on shares of BofI Holding in a report on Monday, October 9th. Zacks Investment Research lowered BofI Holding from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, BidaskClub raised BofI Holding from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $33.60.
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.
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