California State Teachers Retirement System decreased its stake in shares of BofI Holding, Inc. (NASDAQ:BOFI) by 10.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 106,305 shares of the financial services provider’s stock after selling 11,864 shares during the period. California State Teachers Retirement System owned approximately 0.17% of BofI Holding worth $2,522,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. acquired a new position in BofI Holding during the 2nd quarter valued at about $242,000. State Street Corp increased its stake in BofI Holding by 4.3% during the 2nd quarter. State Street Corp now owns 1,439,590 shares of the financial services provider’s stock valued at $34,147,000 after buying an additional 58,774 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new position in BofI Holding during the 2nd quarter valued at about $1,624,000. Shelton Capital Management increased its stake in BofI Holding by 0.8% during the 2nd quarter. Shelton Capital Management now owns 53,328 shares of the financial services provider’s stock valued at $1,265,000 after buying an additional 419 shares during the period. Finally, Prudential PLC increased its stake in BofI Holding by 15.9% during the 2nd quarter. Prudential PLC now owns 718,500 shares of the financial services provider’s stock valued at $17,043,000 after buying an additional 98,700 shares during the period. 87.55% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $31.00 target price on shares of BofI Holding in a research note on Monday, October 9th. Craig Hallum reissued a “buy” rating and set a $39.00 target price (up previously from $35.00) on shares of BofI Holding in a research note on Wednesday, October 4th. BidaskClub raised shares of BofI Holding from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th. FBR & Co reissued a “buy” rating and set a $37.00 target price on shares of BofI Holding in a research note on Friday, September 29th. Finally, ValuEngine cut shares of BofI Holding from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $33.60.
BofI Holding, Inc. (BOFI) opened at $24.61 on Friday. The stock has a market cap of $1,566.57, a P/E ratio of 11.61, a PEG ratio of 1.03 and a beta of 0.40. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.06. BofI Holding, Inc. has a 52 week low of $21.60 and a 52 week high of $32.57.
BofI Holding (NASDAQ:BOFI) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The company had revenue of $93.89 million for the quarter, compared to analysts’ expectations of $94.93 million. BofI Holding had a net margin of 29.36% and a return on equity of 17.00%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. research analysts expect that BofI Holding, Inc. will post 2.38 earnings per share for the current fiscal year.
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In other news, Director Edward James Ratinoff sold 7,540 shares of BofI Holding stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $26.80, for a total value of $202,072.00. Following the transaction, the director now owns 29,600 shares of the company’s stock, valued at approximately $793,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.24% of the company’s stock.
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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