BofI Holding, Inc. (BOFI) Short Interest Update

BofI Holding, Inc. (NASDAQ:BOFI) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 20,977,966 shares, a drop of 2.3% from the November 15th total of 21,464,612 shares. Based on an average trading volume of 528,867 shares, the short-interest ratio is currently 39.7 days. Approximately 37.5% of the company’s shares are short sold.

In related news, Director Mosich Nick sold 18,308 shares of BofI stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $27.75, for a total value of $508,047.00. Following the completion of the transaction, the director now owns 83,018 shares in the company, valued at $2,303,749.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward James Ratinoff sold 7,540 shares of BofI stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $26.80, for a total transaction of $202,072.00. Following the completion of the transaction, the director now owns 29,600 shares of the company’s stock, valued at approximately $793,280. The disclosure for this sale can be found here. 6.24% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Sterling Capital Management LLC purchased a new stake in shares of BofI during the 3rd quarter worth approximately $855,000. Grandeur Peak Global Advisors LLC lifted its position in shares of BofI by 15.8% during the 3rd quarter. Grandeur Peak Global Advisors LLC now owns 57,375 shares of the financial services provider’s stock worth $1,633,000 after buying an additional 7,825 shares during the last quarter. Stifel Financial Corp lifted its position in shares of BofI by 9.9% during the 3rd quarter. Stifel Financial Corp now owns 246,488 shares of the financial services provider’s stock worth $6,996,000 after buying an additional 22,301 shares during the last quarter. OxFORD Asset Management LLP purchased a new stake in shares of BofI during the 3rd quarter worth approximately $5,993,000. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of BofI by 3.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 261,660 shares of the financial services provider’s stock worth $7,450,000 after buying an additional 8,177 shares during the last quarter. Institutional investors own 84.35% of the company’s stock.

BofI (NASDAQ BOFI) opened at $29.04 on Friday. BofI has a 12 month low of $21.60 and a 12 month high of $32.57. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1,852.39, a P/E ratio of 13.63, a P/E/G ratio of 1.22 and a beta of 0.39.

BofI (NASDAQ:BOFI) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $94.93 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. equities research analysts forecast that BofI will post 2.38 EPS for the current fiscal year.

A number of research analysts recently weighed in on the stock. BidaskClub upgraded shares of BofI from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research upgraded shares of BofI from a “sell” rating to a “hold” rating in a report on Monday, December 4th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $30.00 price objective on shares of BofI in a report on Thursday, October 26th. FBR & Co restated a “buy” rating and issued a $36.00 price objective (down previously from $37.00) on shares of BofI in a report on Thursday, October 26th. Finally, Craig Hallum restated a “buy” rating and issued a $39.00 price objective (up previously from $35.00) on shares of BofI in a report on Wednesday, October 4th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. BofI has a consensus rating of “Buy” and an average price target of $34.50.

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About BofI

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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