BofI Holding, Inc. (NASDAQ:BOFI) – DA Davidson decreased their Q1 2018 earnings per share estimates for BofI Holding in a report released on Friday. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings of $0.51 per share for the quarter, down from their prior forecast of $0.52. DA Davidson currently has a “Buy” rating and a $33.00 target price on the stock. DA Davidson also issued estimates for BofI Holding’s Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.74 EPS, FY2018 earnings at $2.36 EPS and FY2019 earnings at $2.68 EPS.
A number of other brokerages have also commented on BOFI. Zacks Investment Research lowered BofI Holding from a “hold” rating to a “sell” rating in a research note on Monday. FBR & Co restated an “outperform” rating and issued a $35.00 target price on shares of BofI Holding in a research note on Monday, April 3rd. BidaskClub upgraded BofI Holding from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, ValuEngine lowered BofI Holding from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $30.18.
BofI Holding (BOFI) traded up 1.26% during trading on Monday, reaching $28.22. 644,607 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $24.03 and its 200-day moving average price is $25.86. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 13.63 and a beta of 0.39. BofI Holding has a 52-week low of $15.29 and a 52-week high of $32.57.
A number of hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. bought a new stake in shares of BofI Holding during the first quarter worth $135,000. LS Investment Advisors LLC boosted its stake in shares of BofI Holding by 170.7% in the first quarter. LS Investment Advisors LLC now owns 5,653 shares of the financial services provider’s stock worth $148,000 after buying an additional 3,565 shares during the period. Howe & Rusling Inc. boosted its stake in shares of BofI Holding by 13.6% in the first quarter. Howe & Rusling Inc. now owns 5,685 shares of the financial services provider’s stock worth $149,000 after buying an additional 680 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of BofI Holding by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 6,360 shares of the financial services provider’s stock worth $166,000 after buying an additional 130 shares during the period. Finally, Endurance Wealth Management Inc. boosted its stake in shares of BofI Holding by 6.4% in the first quarter. Endurance Wealth Management Inc. now owns 6,688 shares of the financial services provider’s stock worth $174,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 88.13% of the company’s stock.
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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