Craig Hallum Reaffirms Buy Rating for BofI Holding, Inc. (BOFI)

Craig Hallum reiterated their buy rating on shares of BofI Holding, Inc. (NASDAQ:BOFI) in a research report sent to investors on Wednesday. Craig Hallum currently has a $39.00 price objective on the financial services provider’s stock, up from their previous price objective of $35.00.

BOFI has been the subject of several other reports. FBR & Co reissued a buy rating and issued a $37.00 price objective on shares of BofI Holding in a research note on Friday, September 29th. Zacks Investment Research downgraded BofI Holding from a hold rating to a sell rating in a research note on Monday, July 31st. BidaskClub raised BofI Holding from a buy rating to a strong-buy rating in a research note on Friday, August 11th. ValuEngine downgraded BofI Holding from a strong-buy rating to a buy rating in a research note on Thursday, August 24th. Finally, DA Davidson reissued a buy rating and issued a $33.00 price objective on shares of BofI Holding in a research note on Monday, June 12th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. BofI Holding currently has an average rating of Buy and a consensus price target of $34.75.

BofI Holding (BOFI) opened at 27.92 on Wednesday. The company has a market capitalization of $1.78 billion, a P/E ratio of 13.49 and a beta of 0.39. The firm has a 50-day moving average price of $26.72 and a 200-day moving average price of $25.16. BofI Holding has a 1-year low of $17.95 and a 1-year high of $32.57.

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Institutional investors have recently modified their holdings of the company. Scout Investments Inc. raised its stake in shares of BofI Holding by 77.8% in the second quarter. Scout Investments Inc. now owns 116,400 shares of the financial services provider’s stock worth $2,761,000 after purchasing an additional 50,950 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of BofI Holding in the first quarter worth approximately $1,356,000. Karp Capital Management Corp purchased a new stake in shares of BofI Holding in the first quarter worth approximately $254,000. BlackRock Inc. raised its stake in shares of BofI Holding by 115,357.9% in the first quarter. BlackRock Inc. now owns 7,438,953 shares of the financial services provider’s stock worth $194,380,000 after purchasing an additional 7,432,510 shares during the last quarter. Finally, OppenheimerFunds Inc. raised its stake in shares

BOFI has been the subject of several other reports. FBR & Co reissued a buy rating and issued a $37.00 price objective on shares of BofI Holding in a research note on Friday, September 29th. Zacks Investment Research downgraded BofI Holding from a hold rating to a sell rating in a research note on Monday, July 31st. BidaskClub raised BofI Holding from a buy rating to a strong-buy rating in a research note on Friday, August 11th. ValuEngine downgraded BofI Holding from a strong-buy rating to a buy rating in a research note on Thursday, August 24th. Finally, DA Davidson reissued a buy rating and issued a $33.00 price objective on shares of BofI Holding in a research note on Monday, June 12th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. BofI Holding currently has an average rating of Buy and a consensus price target of $34.75.

BofI Holding (BOFI) opened at 27.92 on Wednesday. The company has a market capitalization of $1.78 billion, a P/E ratio of 13.49 and a beta of 0.39. The firm has a 50-day moving average price of $26.72 and a 200-day moving average price of $25.16. BofI Holding has a 1-year low of $17.95 and a 1-year high of $32.57.

ILLEGAL ACTIVITY WARNING: This article was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another publication, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this article can be accessed at https://ledgergazette.com/2017/10/08/craig-hallum-reaffirms-buy-rating-for-bofi-holding-inc-bofi.html.

Institutional investors have recently modified their holdings of the company. Scout Investments Inc. raised its stake in shares of BofI Holding by 77.8% in the second quarter. Scout Investments Inc. now owns 116,400 shares of the financial services provider’s stock worth $2,761,000 after purchasing an additional 50,950 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of BofI Holding in the first quarter worth approximately $1,356,000. Karp Capital Management Corp purchased a new stake in shares of BofI Holding in the first quarter worth approximately $254,000. BlackRock Inc. raised its stake in shares of BofI Holding by 115,357.9% in the first quarter. BlackRock Inc. now owns 7,438,953 shares of the financial services provider’s stock worth $194,380,000 after purchasing an additional 7,432,510 shares during the last quarter. Finally, OppenheimerFunds Inc. raised its stake in shares of BofI Holding by 54.5% in the first quarter. OppenheimerFunds Inc. now owns 11,977 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 4,226 shares during the last quarter. 88.15% of the stock is owned by hedge funds and other institutional investors.

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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