Osterweis Capital Management Inc. raised its position in shares of BofI Holding, Inc. (NASDAQ:BOFI) by 73.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 124,065 shares of the financial services provider’s stock after purchasing an additional 52,455 shares during the quarter. Osterweis Capital Management Inc. owned 0.20% of BofI worth $3,710,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. increased 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 purchasing an additional 2,365 shares during the last quarter. Miles Capital Inc. bought a new position in BofI during the fourth quarter valued at $207,000. Van Hulzen Asset Management LLC bought a new position in BofI during the third quarter valued at $211,000. Stoneridge Investment Partners LLC bought a new position in BofI during the third quarter valued at $214,000. Finally, Jaffetilchin Investment Partners LLC purchased a new stake in shares of BofI during the third quarter valued at $228,000. Hedge funds and other institutional investors own 84.97% of the company’s stock.
BOFI has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of BofI from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. BidaskClub raised shares of BofI from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Finally, ValuEngine raised shares of BofI from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Two research 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. BofI presently has an average rating of “Buy” and an average target price of $36.00.
Shares of BofI Holding, Inc. (BOFI) traded down $0.37 on Wednesday, hitting $41.44. The company’s stock had a trading volume of 728,117 shares, compared to its average volume of 747,166. The company has a quick ratio of 1.14, a current ratio of 1.15 and a debt-to-equity ratio of 0.06. The firm has a market cap of $2,610.00, a P/E ratio of 18.67, a PEG ratio of 1.66 and a beta of 0.43. BofI Holding, Inc. has a twelve month low of $21.60 and a twelve month high of $42.39.
BofI (NASDAQ:BOFI) last released its earnings results on Tuesday, January 30th. The financial services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.08. The company had revenue of $101.31 million during the quarter, compared to the consensus estimate of $100.29 million. BofI had a return on equity of 17.27% and a net margin of 28.37%. During the same period in the previous year, the company posted $0.50 EPS. equities analysts expect that BofI Holding, Inc. will post 2.53 EPS for the current year.
In related news, Director James John Court sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $40.33, for a total transaction of $362,970.00. Following the completion of the sale, the director now owns 28,856 shares in the company, valued at $1,163,762.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 6.24% of the company’s stock.
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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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