Wasatch Advisors Inc. reduced its position in shares of BofI Holding, Inc. (NASDAQ:BOFI) by 12.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 567,366 shares of the financial services provider’s stock after selling 80,919 shares during the quarter. Wasatch Advisors Inc. owned 0.89% of BofI worth $16,964,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its stake in BofI by 4.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 253,483 shares of the financial services provider’s stock worth $6,013,000 after buying an additional 11,484 shares in the last quarter. Legal & General Group Plc boosted its position in BofI by 9.4% during the 2nd quarter. Legal & General Group Plc now owns 114,619 shares of the financial services provider’s stock worth $2,719,000 after buying an additional 9,889 shares during the period. Wells Fargo & Company MN boosted its position in BofI by 0.3% during the 2nd quarter. Wells Fargo & Company MN now owns 96,467 shares of the financial services provider’s stock worth $2,288,000 after buying an additional 328 shares during the period. Alliancebernstein L.P. boosted its position in BofI by 70.7% during the 2nd quarter. Alliancebernstein L.P. now owns 160,880 shares of the financial services provider’s stock worth $3,816,000 after buying an additional 66,660 shares during the period. Finally, Teachers Advisors LLC boosted its position in BofI by 4.3% during the 2nd quarter. Teachers Advisors LLC now owns 108,368 shares of the financial services provider’s stock worth $2,570,000 after buying an additional 4,504 shares during the period. 87.98% of the stock is currently owned by institutional investors.
Shares of BofI Holding, Inc. (NASDAQ BOFI) traded up $0.55 during trading hours on Friday, hitting $34.90. 656,774 shares of the company were exchanged, compared to its average volume of 807,413. BofI Holding, Inc. has a 52 week low of $21.60 and a 52 week high of $38.51. The stock has a market cap of $2,220.00, a P/E ratio of 16.70, a P/E/G ratio of 1.42 and a beta of 0.45. The company has a quick ratio of 1.14, a current ratio of 1.15 and a debt-to-equity ratio of 0.06.
BofI (NASDAQ:BOFI) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.08. BofI had a return on equity of 17.27% and a net margin of 28.37%. The business had revenue of $101.31 million for the quarter, compared to analysts’ expectations of $100.29 million. During the same period in the previous year, the business posted $0.50 EPS. analysts predict that BofI Holding, Inc. will post 2.48 EPS for the current year.
Several research firms have issued reports on BOFI. FBR & Co restated a “buy” rating and set a $36.00 price target (down previously from $37.00) on shares of BofI in a report on Thursday, October 26th. Sandler O’Neill reiterated a “buy” rating and issued a $38.00 price objective on shares of BofI in a research note on Wednesday, January 31st. Stephens reissued a “buy” rating and issued a $39.00 price target on shares of BofI in a research report on Thursday, February 1st. Zacks Investment Research raised shares of BofI from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Wednesday, January 31st. Finally, BidaskClub raised shares of BofI from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. BofI currently has an average rating of “Buy” and a consensus target price of $36.00.
In other news, Director Mosich Nick sold 18,308 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $27.75, for a total transaction of $508,047.00. Following the sale, the director now directly owns 83,018 shares in the company, valued at $2,303,749.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 6.24% of the company’s stock.
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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