BofI Holding Inc. (BOFI) Issues Quarterly Earnings Results
BofI Holding Inc. (NASDAQ:BOFI) issued its quarterly earnings results on Thursday. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. BofI Holding had a net margin of 31.02% and a return on equity of 19.02%. During the same quarter in the prior year, the company earned $1.60 EPS.
Shares of BofI Holding (NASDAQ:BOFI) traded down 1.91% during trading on Thursday, reaching $21.07. 1,136,808 shares of the company traded hands. The stock’s 50 day moving average is $22.10 and its 200 day moving average is $19.40. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 11.39 and a beta of 0.13. BofI Holding has a 1-year low of $13.47 and a 1-year high of $26.00.
Large investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in BofI Holding by 74.6% in the second quarter. BlackRock Inc. now owns 8,084 shares of the company’s stock worth $144,000 after buying an additional 3,455 shares during the period. Advisor Group Inc. bought a new stake in BofI Holding during the second quarter worth about $229,000. KCG Holdings Inc. bought a new stake in BofI Holding during the second quarter worth about $384,000. Thrivent Financial for Lutherans raised its stake in BofI Holding by 10.4% in the second quarter. Thrivent Financial for Lutherans now owns 27,690 shares of the company’s stock worth $490,000 after buying an additional 2,610 shares during the period. Finally, Arizona State Retirement System raised its stake in BofI Holding by 1.4% in the second quarter. Arizona State Retirement System now owns 29,824 shares of the company’s stock worth $528,000 after buying an additional 400 shares during the period. Institutional investors own 94.23% of the company’s stock.
BOFI has been the topic of several recent analyst reports. Zacks Investment Research cut shares of BofI Holding from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. FBR & Co reiterated a “buy” rating and set a $33.00 price objective on shares of BofI Holding in a research report on Thursday, August 4th. Vetr cut shares of BofI Holding from a “strong-buy” rating to a “buy” rating and set a $19.48 price objective on the stock. in a research report on Thursday, June 30th. Finally, DA Davidson reiterated a “buy” rating on shares of BofI Holding in a research report on Tuesday, August 23rd. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. BofI Holding has a consensus rating of “Buy” and a consensus target price of $30.48.
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, distribution channels and affinity partners. The Bank has deposit and loan customers across the nation, 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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