Cornerstone Capital Management Holdings LLC. Sells 34,700 Shares of BofI Holding, Inc. (BOFI)

Cornerstone Capital Management Holdings LLC. lowered its position in BofI Holding, Inc. (NASDAQ:BOFI) by 50.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,800 shares of the financial services provider’s stock after selling 34,700 shares during the period. Cornerstone Capital Management Holdings LLC. owned approximately 0.05% of BofI worth $961,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in BOFI. Alps Advisors Inc. raised its stake in shares of BofI by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 16,603 shares of the financial services provider’s stock worth $394,000 after buying an additional 43 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of BofI by 0.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 16,771 shares of the financial services provider’s stock worth $398,000 after buying an additional 80 shares during the period. Arizona State Retirement System raised its stake in shares of BofI by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 30,124 shares of the financial services provider’s stock worth $715,000 after buying an additional 100 shares during the period. Wells Fargo & Company MN raised its stake in shares of BofI by 0.3% during the 2nd quarter. Wells Fargo & Company MN now owns 96,467 shares of the financial services provider’s stock worth $2,288,000 after buying an additional 328 shares during the period. Finally, Shelton Capital Management raised its stake in shares of BofI by 0.8% during the 2nd quarter. Shelton Capital Management now owns 53,328 shares of the financial services provider’s stock worth $1,265,000 after buying an additional 419 shares during the period. Institutional investors and hedge funds own 84.35% of the company’s stock.

In related news, Director Edward James Ratinoff sold 7,540 shares of the 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 approximately $793,280. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mosich Nick sold 18,308 shares of the stock in a transaction 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 directly owns 83,018 shares of the company’s stock, valued at $2,303,749.50. The disclosure for this sale can be found here. 6.24% of the stock is currently owned by corporate insiders.

BofI Holding, Inc. (NASDAQ BOFI) opened at $29.04 on Monday. BofI Holding, Inc. has a 52 week low of $21.60 and a 52 week 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 company has a market capitalization of $1,830.00, a price-to-earnings ratio of 13.89, a P/E/G ratio of 1.24 and a beta of 0.39.

BofI (NASDAQ:BOFI) last posted 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 return on equity of 17.00% and a net margin of 29.36%. The firm had revenue of $93.89 million during the quarter, compared to the consensus estimate of $94.93 million. During the same period in the prior year, the company earned $0.45 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. equities analysts predict that BofI Holding, Inc. will post 2.38 earnings per share for the current year.

Several research analysts have recently weighed in on the company. FBR & Co reaffirmed a “buy” rating and set a $36.00 target price (down from $37.00) on shares of BofI in a research note on Thursday, October 26th. BidaskClub downgraded BofI from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $31.00 target price on shares of BofI in a research note on Monday, October 9th. Zacks Investment Research raised BofI from a “sell” rating to a “hold” rating in a research note on Monday, December 4th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $39.00 target price (up from $35.00) on shares of BofI in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $34.50.

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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.

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Institutional Ownership by Quarter for BofI (NASDAQ:BOFI)

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