Today: The BofI Holding Inc. (BOFI) Given “Buy” Rating at FBR & Co

The BofI Holding Inc. (BOFI) Given “Buy” Rating at FBR & Co

BofI Holding Inc. (NASDAQ:BOFI)‘s stock had its “buy” rating reaffirmed by equities researchers at FBR & Co in a research report issued on Friday.

Several other analysts have also weighed in on the company. Vetr lowered BofI Holding from a “hold” rating to a “sell” rating and set a $17.66 price target on the stock. in a report on Tuesday, July 12th. DA Davidson restated a “buy” rating on shares of BofI Holding in a report on Tuesday, August 23rd. Finally, Zacks Investment Research upgraded BofI Holding from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Tuesday, September 20th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $31.24.

Shares of BofI Holding (NASDAQ:BOFI) traded up 1.21% during mid-day trading on Friday, hitting $22.66. 701,687 shares of the stock were exchanged. The firm has a market cap of $1.43 billion, a P/E ratio of 12.25 and a beta of 0.13. BofI Holding has a 12 month low of $13.47 and a 12 month high of $35.98. The stock’s 50 day moving average is $21.77 and its 200 day moving average is $19.31.

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BofI Holding (NASDAQ:BOFI) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.46 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. BofI Holding had a return on equity of 19.02% and a net margin of 31.02%. During the same quarter last year, the firm posted $1.54 EPS. Analysts expect that BofI Holding will post $2.14 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in BOFI. PineBridge Investments L.P. raised its position in shares of BofI Holding by 3.8% in the second quarter. PineBridge Investments L.P. now owns 7,277 shares of the company’s stock valued at $128,000 after buying an additional 269 shares in the last quarter. Endurance Wealth Management Inc. raised its position in shares of BofI Holding by 32.8% in the second quarter. Endurance Wealth Management Inc. now owns 7,284 shares of the company’s stock valued at $129,000 after buying an additional 1,800 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of BofI Holding by 21.1% in the second quarter. Teacher Retirement System of Texas now owns 7,895 shares of the company’s stock valued at $140,000 after buying an additional 1,373 shares in the last quarter. BlackRock Inc. raised its position in shares of BofI Holding by 74.6% in the second quarter. BlackRock Inc. now owns 8,084 shares of the company’s stock valued at $144,000 after buying an additional 3,455 shares in the last quarter. Finally, Mount Lucas Management LP raised its position in shares of BofI Holding by 10.3% in the first quarter. Mount Lucas Management LP now owns 8,161 shares of the company’s stock valued at $174,000 after buying an additional 763 shares in the last quarter. Institutional investors and hedge funds own 94.29% of the company’s stock.

BofI Holding Company Profile

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