Amalgamated Bank Buys Shares of 8,123 BofI Holding, Inc. (BOFI)

Amalgamated Bank bought a new position in BofI Holding, Inc. (NASDAQ:BOFI) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,123 shares of the financial services provider’s stock, valued at approximately $231,000.

Several other large investors have also added to or reduced their stakes in BOFI. Victory Capital Management Inc. grew its position in shares of BofI by 69.9% in the 3rd quarter. Victory Capital Management Inc. now owns 5,746 shares of the financial services provider’s stock worth $164,000 after buying an additional 2,365 shares during the period. Endurance Wealth Management Inc. grew its position in shares of BofI by 11.6% in the 2nd quarter. Endurance Wealth Management Inc. now owns 7,463 shares of the financial services provider’s stock worth $177,000 after buying an additional 775 shares during the period. Van Hulzen Asset Management LLC purchased a new stake in shares of BofI in the 3rd quarter worth about $211,000. Stoneridge Investment Partners LLC purchased a new stake in shares of BofI in the 3rd quarter worth about $214,000. Finally, Jaffetilchin Investment Partners LLC purchased a new stake in shares of BofI in the 3rd quarter worth about $228,000. 84.40% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Edward James Ratinoff sold 7,540 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $26.80, for a total transaction of $202,072.00. Following the sale, the director now directly owns 29,600 shares of the company’s stock, valued at approximately $793,280. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.24% of the company’s stock.

A number of analysts have recently weighed in on BOFI shares. Craig Hallum reaffirmed a “buy” rating and issued a $39.00 target price (up from $35.00) on shares of BofI in a research report on Wednesday, October 4th. FBR & Co reaffirmed a “buy” rating and issued a $37.00 target price on shares of BofI in a research report on Friday, September 29th. ValuEngine downgraded shares of BofI from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th. BidaskClub downgraded shares of BofI from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $30.00 price objective on shares of BofI in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $34.50.

Shares of BofI Holding, Inc. (NASDAQ BOFI) opened at $27.78 on Monday. BofI Holding, Inc. has a 1 year low of $21.60 and a 1 year high of $32.57. The company has a market cap of $1,768.37, a PE ratio of 13.10, a P/E/G ratio of 1.18 and a beta of 0.39. 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 (NASDAQ:BOFI) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. BofI had a net margin of 29.36% and a return on equity of 17.00%. The company had revenue of $93.89 million for the quarter, compared to the consensus estimate of $94.93 million. During the same period in the prior year, the firm posted $0.45 EPS. BofI’s revenue for the quarter was up 11.1% on a year-over-year basis. equities analysts predict that BofI Holding, Inc. will post 2.35 earnings per share for the current fiscal year.

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BofI 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 (NASDAQ:BOFI)

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