Stock of the Day: Is BofI Holding, Inc.’s Fuel For Real? The Stock Just Increased Again

Stock of the Day: Is BofI Holding, Inc.'s Fuel For Real? The Stock Just Increased Again

The stock of BofI Holding, Inc. (NASDAQ:BOFI) is a huge mover today! About 328,682 shares traded hands. BofI Holding, Inc. (NASDAQ:BOFI) has risen 17.11% since March 1, 2016 and is uptrending. It has outperformed by 7.86% the S&P500.
The move comes after 8 months positive chart setup for the $1.37 billion company. It was reported on Oct, 4 by Barchart.com. We have $36.93 PT which if reached, will make NASDAQ:BOFI worth $890.50M more.

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 $27.55 million for 12.43 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 the shares of BOFI in a report on Monday, November 23 with “Outperform” rating. The firm has “Neutral” rating by DA Davidson given on Thursday, August 6. The firm has “Outperform” rating given on Friday, July 31 by FBR Capital. The firm has “Strong Buy” rating by Raymond James given on Friday, September 4. The stock of BofI Holding, Inc. (NASDAQ:BOFI) has “Buy” rating given on Thursday, October 15 by Sandler O’Neill. DA Davidson upgraded the shares of BOFI in a report on Thursday, October 15 to “Buy” rating.

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.
Grandeur Peak Advsrs Ltd Limited Liability Company has 0.13% invested in the company for 31,350 shares. Envestnet Asset Mgmt, a Illinois-based fund reported 12,477 shares. Blackrock has invested 0% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI). Engineers Gate Manager L P, a New York-based fund reported 50,820 shares. Tiaa Cref Ltd Liability Co last reported 0% of its portfolio in the stock. Us Fincl Bank De holds 0% or 4,008 shares in its portfolio. Teacher Retirement System Of Texas last reported 7,895 shares in the company. Moreover, Vantage Invest Lc has 0% invested in BofI Holding, Inc. (NASDAQ:BOFI) for 220 shares. Barclays Public Limited Co holds 0% or 28,651 shares in its portfolio. Louisiana State Employees Retirement Systems has invested 0.02% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI). Nuveen Asset Mgmt Llc accumulated 0.08% or 691,558 shares. Finemark Comml Bank Tru has 0% invested in the company for 94 shares. Spot Trading Lc has 200 shares for 0% of their US portfolio. The California-based California State Teachers Retirement System has invested 0% in BofI Holding, Inc. (NASDAQ:BOFI). State Board Of Administration Of Florida Retirement Systems has invested 0% 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. Stock Up 10% on Continued Strong Earnings” on August 03, 2016, also Fool.com with their article: “Will BofI Holding, Inc. Deposit Another Quarter of Growth?” published on July 30, 2016, Fool.com published: “BofI Holding, Inc. Continues Delivering: Is the Short Thesis About to Collapse?” on August 10, 2016. More interesting news about BofI Holding, Inc. (NASDAQ:BOFI) were released by: Businesswire.com and their article: “BofI Holding, Inc. Announces Acquisition of Equipment Leases and Operations of …” published on April 04, 2016 as well as Businesswire.com‘s news article titled: “BofI Holding, Inc. Issues Statement Regarding Share Price Volatility” with publication date: April 18, 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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