BofI Holding, Inc. (NASDAQ:BOFI) Director Edward James Ratinoff sold 7,540 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $26.80, for a total transaction of $202,072.00. Following the completion of the sale, the director now owns 29,600 shares of the company’s stock, valued at approximately $793,280. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
BofI Holding, Inc. (BOFI) opened at $25.00 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $1,566.58, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.03 and a beta of 0.40. BofI Holding, Inc. has a 52 week low of $21.60 and a 52 week high of $32.57.
BofI Holding (NASDAQ:BOFI) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. BofI Holding had a net margin of 29.36% and a return on equity of 17.00%. The company had revenue of $93.89 million for the quarter, compared to analyst estimates of $94.93 million. During the same quarter last year, the firm earned $0.45 EPS. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. equities research analysts anticipate that BofI Holding, Inc. will post 2.38 EPS for the current year.
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A number of large investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. grew its stake in shares of BofI Holding by 69.9% in the third quarter. Victory Capital Management Inc. now owns 5,746 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 2,365 shares during the period. Endurance Wealth Management Inc. grew its position in BofI Holding by 11.6% during the second quarter. Endurance Wealth Management Inc. now owns 7,463 shares of the financial services provider’s stock valued at $177,000 after buying an additional 775 shares during the period. Van Hulzen Asset Management LLC bought a new stake in BofI Holding during the third quarter valued at approximately $211,000. Stoneridge Investment Partners LLC bought a new stake in BofI Holding during the third quarter valued at approximately $214,000. Finally, Jaffetilchin Investment Partners LLC bought a new stake in BofI Holding during the third quarter valued at approximately $228,000. Institutional investors and hedge funds own 87.24% of the company’s stock.
Several equities analysts have recently weighed in on BOFI shares. BidaskClub cut BofI Holding from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 19th. Zacks Investment Research downgraded shares of BofI Holding from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. ValuEngine cut shares of BofI Holding from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 24th. FBR & Co reaffirmed a “buy” rating and set a $36.00 target price (down previously from $37.00) on shares of BofI Holding in a research note on Thursday, October 26th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $30.00 price target on shares of BofI Holding in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $33.60.
BofI Holding Company Profile
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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