BofI (BOFI) Earning Somewhat Positive Press Coverage, Analysis Shows

Headlines about BofI (NASDAQ:BOFI) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BofI earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.3356733191359 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news stories that may have effected Accern’s rankings:

BofI (NASDAQ BOFI) opened at $31.57 on Friday. 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 has a 12 month low of $21.60 and a 12 month high of $32.57. The firm has a market cap of $2,010.00, a P/E ratio of 15.11, a PEG ratio of 1.29 and a beta of 0.39.

BofI (NASDAQ:BOFI) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.50 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $93.89 million during the quarter, compared to analysts’ expectations of $94.93 million. During the same period last year, the company posted $0.45 EPS. The company’s revenue was up 11.1% on a year-over-year basis. research analysts predict that BofI will post 2.46 earnings per share for the current year.

A number of research analysts have issued reports 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 report on Wednesday, October 4th. FBR & Co reaffirmed a “buy” rating and issued a $37.00 target price on shares of BofI in a report on Friday, September 29th. Zacks Investment Research raised shares of BofI from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Wednesday, December 27th. BidaskClub raised shares of BofI from a “hold” rating to a “buy” rating in a report on Wednesday, December 20th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $30.00 target price on shares of BofI in a report on Thursday, October 26th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $35.00.

In other BofI news, 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 value of $202,072.00. Following the completion of the sale, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mosich Nick sold 18,308 shares of BofI stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $27.75, for a total transaction of $508,047.00. Following the completion of the sale, 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. Company insiders own 6.24% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for BofI (NASDAQ:BOFI)

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