Texas Yale Capital Corp. bought a new stake in shares of BofI Holding, Inc. (NASDAQ:BOFI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,925 shares of the financial services provider’s stock, valued at approximately $297,000.
Several other hedge funds also recently bought and sold shares of BOFI. Victory Capital Management Inc. grew its position in BofI by 69.9% in the third quarter. Victory Capital Management Inc. now owns 5,746 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 2,365 shares during the period. Miles Capital Inc. purchased a new position in BofI in the fourth quarter worth approximately $207,000. Van Hulzen Asset Management LLC acquired a new position in BofI during the third quarter worth $211,000. Stoneridge Investment Partners LLC acquired a new position in BofI during the third quarter worth $214,000. Finally, Jaffetilchin Investment Partners LLC acquired a new position in BofI during the third quarter worth $228,000. Institutional investors and hedge funds own 84.80% of the company’s stock.
A number of research firms have commented on BOFI. ValuEngine upgraded BofI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. Stephens reiterated a “buy” rating and issued a $39.00 price objective on shares of BofI in a research note on Thursday, February 1st. 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. Zacks Investment Research upgraded BofI from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Wednesday, January 31st. Finally, BidaskClub upgraded BofI from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 3rd. Two analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $36.00.
Shares of BofI Holding, Inc. (NASDAQ:BOFI) traded down $0.10 during mid-day trading on Thursday, hitting $40.28. The company’s stock had a trading volume of 522,581 shares, compared to its average volume of 775,967. The stock has a market capitalization of $2,520.00, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 1.60 and a beta of 0.43. BofI Holding, Inc. has a 12 month low of $21.60 and a 12 month high of $40.87. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.14 and a current ratio of 1.15.
BofI (NASDAQ:BOFI) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $101.31 million for the quarter, compared to analyst estimates of $100.29 million. During the same quarter last year, the company posted $0.50 earnings per share. research analysts forecast that BofI Holding, Inc. will post 2.53 EPS for the current fiscal year.
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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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