Media coverage about BofI (NASDAQ:BOFI) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BofI earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 46.185026302845 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern’s scoring:
- 5 Biggest Price Target Changes For Tuesday (benzinga.com)
- Bofi Holding Inc (BOFI): Shares Lower -2.23% Over the Past Month (derbynewsjournal.com)
- BofI (BOFI) Rating Lowered to Neutral at Compass Point (americanbankingnews.com)
- BofI Holding (BOFI) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- Bofi Holding Inc (BOFI) Seeing Its VMA Move Higher (derbynewsjournal.com)
Shares of BofI opened at $41.14 on Thursday, according to MarketBeat Ratings. The company has a current ratio of 1.20, a quick ratio of 1.19 and a debt-to-equity ratio of 0.06. BofI has a 1-year low of $21.60 and a 1-year high of $43.50. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 20.07, a P/E/G ratio of 1.67 and a beta of 0.34.
BofI (NASDAQ:BOFI) last issued its quarterly earnings data on Thursday, April 26th. The financial services provider reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.01. BofI had a return on equity of 17.85% and a net margin of 28.25%. The company had revenue of $140.21 million for the quarter, compared to analysts’ expectations of $134.80 million. During the same period in the previous year, the firm posted $0.63 earnings per share. analysts predict that BofI will post 2.51 EPS for the current fiscal year.
Several brokerages have recently issued reports on BOFI. Compass Point cut BofI from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $47.00 to $44.00 in a report on Monday. BidaskClub cut BofI from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 28th. Stephens set a $46.00 price objective on BofI and gave the stock a “buy” rating in a research note on Tuesday, April 10th. DA Davidson boosted their price objective on BofI to $48.00 and gave the stock a “buy” rating in a research note on Thursday, April 5th. Finally, Zacks Investment Research cut BofI from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $41.00.
In other news, Director James John Court sold 9,000 shares of the company’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 transaction, the director now owns 28,856 shares of the company’s stock, valued at $1,163,762.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 6.24% of the company’s stock.
BofI Holding, Inc operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; and consumer lending products consisting of prime loans to purchase new and used automobiles and recreational vehicles, as well as deposit-related overdraft lines of credit.
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