The stock of BofI Holding, Inc. (NASDAQ:BOFI) is a huge mover today! About 382,195 shares traded hands. BofI Holding, Inc. (NASDAQ:BOFI) has risen 22.87% since April 18, 2016 and is uptrending. It has outperformed by 18.44% the S&P500.
The move comes after 5 months positive chart setup for the $1.40 billion company. It was reported on Nov, 18 by Barchart.com. We have $38.79 PT which if reached, will make NASDAQ:BOFI worth $910.00 million more.
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. The firm earned “Strong Buy” rating on Friday, September 4 by Raymond James. FBR Capital maintained BofI Holding, Inc. (NASDAQ:BOFI) rating on Friday, July 31. FBR Capital has “Outperform” rating and $132 price target. The firm earned “Buy” rating on Thursday, October 15 by DA Davidson. Sandler O’Neill upgraded BofI Holding, Inc. (NASDAQ:BOFI) on Thursday, October 15 to “Buy” rating. FBR Capital maintained BofI Holding, Inc. (NASDAQ:BOFI) on Monday, November 23 with “Outperform” rating. The stock of BofI Holding, Inc. (NASDAQ:BOFI) earned “Neutral” rating by DA Davidson on Thursday, August 6.
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 increased to 1.17 in Q2 2016. Its up 0.17, from 1 in 2016Q1. The ratio increased, 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.
Pacific Ridge Cap Prns Limited Company has invested 0.55% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI). Shelton Capital Management has 52,408 shares for 0.08% of their US portfolio. New Harbor holds 500 shares or 0.01% of its portfolio. Putnam Investments Limited Liability Company has 0.01% invested in the company for 337,693 shares. Sunbelt Securities owns 107 shares or 0% of their US portfolio. State Of Tennessee Treasury Department last reported 45,472 shares in the company. State Board Of Administration Of Florida Retirement System has 35,339 shares for 0% of their US portfolio. Allianz Asset Management Ag accumulated 832,794 shares or 0.01% of the stock. Earnest Lc has 3,600 shares for 0% of their US portfolio. Deutsche Bankshares Ag has 99,444 shares for 0% of their US portfolio. Henderson Gp Pcl holds 874,529 shares or 0.13% of its portfolio. The Pennsylvania-based Glenmede Na has invested 0% in BofI Holding, Inc. (NASDAQ:BOFI). The Michigan-based State Treasurer State Of Michigan has invested 0.29% in BofI Holding, Inc. (NASDAQ:BOFI). Emerald Mutual Fund Advisers Trust holds 0.85% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI) for 858,477 shares. Victory Capital reported 3.21M shares or 0.23% of all its holdings.
Another recent and important BofI Holding, Inc. (NASDAQ:BOFI) news was published by Fool.com which published an article titled: “Despite Market’s Reaction, BofI Holding, Inc. Really Did Have a Great Quarter” on November 01, 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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