Raymond James Financial Services Advisors Inc. acquired a new position in shares of BofI Holding, Inc. (NASDAQ:BOFI) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,205 shares of the financial services provider’s stock, valued at approximately $242,000.
Other large investors also recently bought and sold shares of the company. BlackRock Inc. boosted its position in BofI Holding by 2.1% in the 2nd quarter. BlackRock Inc. now owns 7,591,710 shares of the financial services provider’s stock valued at $180,074,000 after buying an additional 152,757 shares during the period. Vanguard Group Inc. boosted its position in BofI Holding by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,550,221 shares of the financial services provider’s stock valued at $131,652,000 after buying an additional 122,322 shares during the period. State Street Corp boosted its position in BofI Holding by 4.3% in 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. Bank of New York Mellon Corp boosted its position in BofI Holding by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 993,233 shares of the financial services provider’s stock valued at $23,560,000 after buying an additional 24,314 shares during the period. Finally, Northern Trust Corp boosted its position in BofI Holding by 3.4% in the 2nd quarter. Northern Trust Corp now owns 823,146 shares of the financial services provider’s stock valued at $19,525,000 after buying an additional 27,080 shares during the period. 87.55% of the stock is owned by hedge funds and other institutional investors.
Shares of BofI Holding, Inc. (NASDAQ BOFI) opened at $24.61 on Friday. BofI Holding, Inc. has a fifty-two week low of $21.60 and a fifty-two week high of $32.57. The firm has a market cap of $1,566.57, a price-to-earnings ratio of 11.61, a PEG ratio of 1.03 and a beta of 0.40. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.13 and a quick ratio of 1.13.
BofI Holding (NASDAQ:BOFI) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. BofI Holding had a net margin of 29.36% and a return on equity of 17.00%. The business had revenue of $93.89 million for the quarter, compared to analyst estimates of $94.93 million. During the same period last year, the business earned $0.45 EPS. The company’s revenue was up 11.1% on a year-over-year basis. sell-side analysts anticipate that BofI Holding, Inc. will post 2.38 earnings per share for the current fiscal year.
BOFI has been the subject of several recent research reports. BidaskClub cut shares of BofI Holding from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Zacks Investment Research cut shares of BofI Holding from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. ValuEngine cut shares of BofI Holding from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th. FBR & Co restated a “buy” rating and issued a $36.00 price objective (down from $37.00) on shares of BofI Holding in a report on Thursday, October 26th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $30.00 price objective on shares of BofI Holding in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. BofI Holding currently has a consensus rating of “Buy” and a consensus price target of $33.60.
In other news, Director Edward James Ratinoff sold 7,540 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 29,600 shares in the company, valued at approximately $793,280. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.24% of the stock is currently owned by company insiders.
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BofI Holding 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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