Today, BofI Holding Inc. (BOFI) Short Interest Down 3.5% in September

Today, BofI Holding Inc. (BOFI) Short Interest Down 3.5% in September

BofI Holding Inc. (NASDAQ:BOFI) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 22,562,288 shares, a drop of 3.5% from the August 31st total of 23,375,947 shares. Currently, 40.5% of the company’s stock are sold short. Based on an average daily trading volume, of 643,156 shares, the days-to-cover ratio is currently 35.1 days.

Shares of BofI Holding (NASDAQ:BOFI) opened at 22.39 on Friday. The stock has a market capitalization of $1.42 billion, a P/E ratio of 12.10 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 firm’s 50-day moving average price is $21.77 and its 200 day moving average price is $19.31.

BofI Holding (NASDAQ:BOFI) last issued its earnings results on Tuesday, August 2nd. The company reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. BofI Holding had a return on equity of 19.02% and a net margin of 31.02%. During the same period in the prior year, the company earned $1.54 EPS. Analysts predict that BofI Holding will post $2.14 EPS for the current fiscal year.

BOFI has been the topic of several analyst reports. FBR & Co reiterated a “buy” rating and set a $33.00 target price on shares of BofI Holding in a report on Thursday, August 4th. Vetr downgraded BofI Holding from a “strong-buy” rating to a “buy” rating and set a $24.90 target price on the stock. in a report on Thursday, August 25th. DA Davidson reiterated 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 $19.00 target price on the stock in a report on Monday, July 4th. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $31.24.

A number of hedge funds and other institutional investors have recently modified their holdings of BOFI. Glenmede Trust Co. NA increased its position in shares of BofI Holding by 10.8% in the first quarter. Glenmede Trust Co. NA now owns 25,394 shares of the company’s stock worth $541,000 after buying an additional 2,480 shares during the period. Teachers Advisors Inc. increased its position in shares of BofI Holding by 26.4% in the first quarter. Teachers Advisors Inc. now owns 119,009 shares of the company’s stock worth $2,540,000 after buying an additional 24,845 shares during the period. Prudential Financial Inc. increased its position in shares of BofI Holding by 0.7% in the first quarter. Prudential Financial Inc. now owns 164,488 shares of the company’s stock worth $3,510,000 after buying an additional 1,200 shares during the period. Mckinley Capital Management LLC Delaware purchased a new position in shares of BofI Holding during the first quarter worth approximately $5,136,000. Finally, BlackRock Group LTD increased its position in shares of BofI Holding by 13.5% in the first quarter. BlackRock Group LTD now owns 291,987 shares of the company’s stock worth $6,232,000 after buying an additional 34,694 shares during the period. Hedge funds and other institutional investors own 94.29% of the company’s stock.

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