The stock of BofI Holding, Inc. (NASDAQ:BOFI) is a huge mover today! The stock decreased 3.12% or $0.7 during the last trading session, hitting $21.7. About 1.07M shares traded hands. BofI Holding, Inc. (NASDAQ:BOFI) has risen 17.11% since March 1, 2016 and is uptrending. It has outperformed by 4.89% the S&P500.
The move comes after 8 months negative chart setup for the $1.39B company. It was reported on Oct, 4 by Barchart.com. We have $19.96 PT which if reached, will make NASDAQ:BOFI worth $111.20 million less.
Analysts await BofI Holding, Inc. (NASDAQ:BOFI) to report earnings on November, 3. They expect $0.45 EPS, up 12.50% or $0.05 from last year’s $0.4 per share. BOFI’s profit will be $28.82 million for 12.06 P/E if the $0.45 EPS becomes a reality. After $0.46 actual EPS reported by BofI Holding, Inc. for the previous quarter, Wall Street now forecasts -2.17% negative EPS growth.
BofI Holding, Inc. (NASDAQ:BOFI) Ratings Coverage
Out of 6 analysts covering Bofl Holding Inc (NASDAQ:BOFI), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Bofl Holding Inc has been the topic of 11 analyst reports since August 5, 2015 according to StockzIntelligence Inc. FBR Capital maintained BofI Holding, Inc. (NASDAQ:BOFI) on Monday, November 23 with “Outperform” rating. On Thursday, October 15 the stock rating was upgraded by DA Davidson to “Buy”. The firm earned “Strong Buy” rating on Friday, September 4 by Raymond James. The firm earned “Buy” rating on Thursday, October 15 by Sandler O’Neill. The stock of BofI Holding, Inc. (NASDAQ:BOFI) earned “Outperform” rating by FBR Capital on Friday, July 31. As per Thursday, August 6, the company rating was downgraded by DA Davidson.
According to Zacks Investment Research, “Bofi Holding is the holding company for Bank of Internet USA, a consumer-focused, nationwide savings bank operating primarily through the Internet from a single location in San Diego, California. They provide a variety of consumer banking services, focusing primarily on gathering retail deposits over the Internet and originating and purchasing multifamily and single family loans for investment.”
Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.29, from 1.29 in 2016Q1. The ratio dived, as 24 funds sold all BofI Holding, Inc. shares owned while 65 reduced positions. 19 funds bought stakes while 70 increased positions. They now own 58.06 million shares or 6.95% less from 62.39 million shares in 2016Q1.
Federated Investors Pa last reported 1,337 shares in the company. Moreover, Legal & General Grp Public Ltd has 0% invested in BofI Holding, Inc. (NASDAQ:BOFI) for 13,487 shares. Parametric Port Associates Ltd Com has invested 0% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI). Moreover, Stevens Cap Management Ltd Partnership has 0.04% invested in BofI Holding, Inc. (NASDAQ:BOFI) for 58,754 shares. Bnp Paribas Arbitrage Sa has invested 0% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI). The Minnesota-based Thrivent Fincl For Lutherans has invested 0% in BofI Holding, Inc. (NASDAQ:BOFI). Arizona State Retirement has 29,824 shares for 0.01% of their US portfolio. Shelton Capital Mngmt last reported 0.08% of its portfolio in the stock. Shaker Investments Lc Oh has 1.15M shares for 18.48% of their US portfolio. Deutsche Retail Bank Ag, a Germany-based fund reported 99,444 shares. Allianz Asset Ag reported 832,794 shares or 0.01% of all its holdings. The France-based Axa has invested 0.01% in BofI Holding, Inc. (NASDAQ:BOFI). Piedmont Advsr Lc holds 0% or 205 shares in its portfolio. The Massachusetts-based Rhumbline Advisers has invested 0% in BofI Holding, Inc. (NASDAQ:BOFI). Mckinley Cap Mgmt Limited Liability Company Delaware has invested 0.21% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI).
More notable recent BofI Holding, Inc. (NASDAQ:BOFI) news were published by: Fool.com which released: “BofI Holding, Inc. Continues Delivering: Is the Short Thesis About to Collapse?” on August 10, 2016, also Prnewswire.com with their article: “Johnson & Weaver, LLP Initiates Investigations of Cognizant Technology …” published on October 03, 2016, Fool.com published: “BofI Holding, Inc. Stock Up 10% on Continued Strong Earnings” on August 03, 2016. More interesting news about BofI Holding, Inc. (NASDAQ:BOFI) were released by: Fool.com and their article: “Will BofI Holding, Inc. Deposit Another Quarter of Growth?” published on July 30, 2016 as well as Businesswire.com‘s news article titled: “BofI Holding, Inc. Announces Acquisition of Equipment Leases and Operations of …” with publication date: April 04, 2016.
BOFI Company Profile
BofI Holding, Inc. (BofI), incorporated on July 6, 1999, is the holding firm 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. The Bank distributes its deposit products through a range of retail distribution channels, and its deposits consist of demand, savings and time deposits accounts. The Bank distributes its loan products through its retail, correspondent and wholesale channels, and the loans the Bank retains are primarily first mortgages secured by single family real property and by multifamily real property. The Company’s mortgage-backed securities consist primarily of mortgage pass-through securities issued by government-sponsored entities and non-agency collateralized mortgage obligations and pass-through mortgage-backed securities issued by private sponsors.
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