Rice Hall James & Associates LLC Purchases 100,769 Shares of BofI Holding, Inc. (BOFI)

Rice Hall James & Associates LLC grew its position in shares of BofI Holding, Inc. (NASDAQ:BOFI) by 12.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 886,472 shares of the financial services provider’s stock after acquiring an additional 100,769 shares during the quarter. BofI comprises 1.0% of Rice Hall James & Associates LLC’s holdings, making the stock its 18th largest holding. Rice Hall James & Associates LLC owned 1.39% of BofI worth $26,506,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its holdings in shares of BofI by 0.5% during the second quarter. PNC Financial Services Group Inc. now owns 16,771 shares of the financial services provider’s stock valued at $398,000 after acquiring an additional 80 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of BofI by 0.3% during the second quarter. Wells Fargo & Company MN now owns 96,467 shares of the financial services provider’s stock valued at $2,288,000 after acquiring an additional 328 shares in the last quarter. Shelton Capital Management increased its holdings in shares of BofI by 0.8% during the second quarter. Shelton Capital Management now owns 53,328 shares of the financial services provider’s stock valued at $1,265,000 after acquiring an additional 419 shares in the last quarter. Pinebridge Investments L.P. increased its holdings in shares of BofI by 2.1% during the second quarter. Pinebridge Investments L.P. now owns 39,656 shares of the financial services provider’s stock valued at $941,000 after acquiring an additional 807 shares in the last quarter. Finally, Profund Advisors LLC increased its holdings in shares of BofI by 8.6% during the second quarter. Profund Advisors LLC now owns 10,903 shares of the financial services provider’s stock valued at $259,000 after acquiring an additional 867 shares in the last quarter. Hedge funds and other institutional investors own 84.37% of the company’s stock.

BOFI has been the subject of several recent research reports. Craig Hallum reiterated a “buy” rating and set a $39.00 price target (up previously from $35.00) on shares of BofI in a report on Wednesday, October 4th. Zacks Investment Research downgraded BofI from a “hold” rating to a “sell” rating in a report on Friday, October 27th. BidaskClub upgraded BofI from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. FBR & Co reiterated a “buy” rating and set a $37.00 price target on shares of BofI in a report on Friday, September 29th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $30.00 price target on shares of BofI in a report on Thursday, October 26th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $35.00.

Shares of BofI Holding, Inc. (BOFI) traded up $0.11 during trading on Tuesday, reaching $32.57. The company had a trading volume of 454,800 shares, compared to its average volume of 686,471. BofI Holding, Inc. has a 1-year low of $21.60 and a 1-year high of $32.78. The company has a market capitalization of $2,100.00, a P/E ratio of 15.58, a P/E/G ratio of 1.29 and a beta of 0.39. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.13 and a quick ratio of 1.13.

BofI (NASDAQ:BOFI) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. BofI had a return on equity of 17.00% and a net margin of 29.36%. The business had revenue of $93.89 million during the quarter, compared to the consensus estimate of $94.93 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. BofI’s revenue was up 11.1% compared to the same quarter last year. sell-side analysts anticipate that BofI Holding, Inc. will post 2.52 EPS for the current fiscal year.

In other BofI news, Director Edward James Ratinoff sold 7,540 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $26.80, for a total value of $202,072.00. Following the completion of the transaction, the director now owns 29,600 shares in the company, valued at approximately $793,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mosich Nick sold 18,308 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $27.75, for a total value of $508,047.00. Following the completion of the transaction, the director now owns 83,018 shares of the company’s stock, valued at approximately $2,303,749.50. The disclosure for this sale can be found here. Corporate insiders own 6.24% of the company’s stock.

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About BofI

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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Institutional Ownership by Quarter for BofI (NASDAQ:BOFI)

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