Shares of BofI Holding Inc. (NASDAQ:BOFI) were down 5.4% during mid-day trading on Wednesday following insider selling activity. The stock traded as low as $23.55 and last traded at $23.63, with a volume of 1,118,871 shares changing hands. The stock had previously closed at $24.98.

Specifically, Director Theodore C. Allrich sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $24.25, for a total transaction of $121,250.00. Following the completion of the sale, the director now owns 225,076 shares in the company, valued at approximately $5,458,093. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Theodore C. Allrich sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $25.05, for a total transaction of $250,500.00. Following the sale, the director now owns 215,076 shares of the company’s stock, valued at approximately $5,387,653.80. The disclosure for this sale can be found here. 6.34% of the stock is currently owned by insiders.

A number of analysts have recently issued reports on the stock. Zacks Investment Research cut shares of BofI Holding from a “hold” rating to a “sell” rating in a research note on Tuesday. Stephens assumed coverage on shares of BofI Holding in a research note on Wednesday, November 23rd. They set an “overweight” rating and a $30.00 target price for the company. FBR & Co reiterated a “buy” rating and issued a $33.00 price objective on shares of BofI Holding in a research note on Friday, October 7th. Vetr cut shares of BofI Holding from a “strong-buy” rating to a “buy” rating and set a $24.90 price objective for the company. in a research note on Thursday, August 25th. Finally, DA Davidson reiterated a “buy” rating on shares of BofI Holding in a research note on Tuesday, August 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $30.48.

The stock has a market capitalization of $1.50 billion, a P/E ratio of 12.46 and a beta of 0.08. The company’s 50-day moving average is $21.80 and its 200 day moving average is $19.75.

BofI Holding (NASDAQ:BOFI) last posted its earnings results on Thursday, October 27th. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. BofI Holding had a net margin of 30.22% and a return on equity of 18.49%. During the same period last year, the business posted $1.60 earnings per share. On average, equities analysts predict that BofI Holding Inc. will post $2.09 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of BOFI. State Street Corp raised its stake in BofI Holding by 1.4% in the first quarter. State Street Corp now owns 1,163,813 shares of the company’s stock valued at $24,836,000 after buying an additional 16,095 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in BofI Holding by 314.3% in the first quarter. UBS Asset Management Americas Inc. now owns 125,951 shares of the company’s stock valued at $2,688,000 after buying an additional 95,551 shares during the last quarter. LPL Financial LLC raised its position in BofI Holding by 25.6% in the first quarter. LPL Financial LLC now owns 43,446 shares of the company’s stock valued at $921,000 after buying an additional 8,856 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in BofI Holding by 124.0% in the second quarter. BNP Paribas Arbitrage SA now owns 18,022 shares of the company’s stock valued at $319,000 after buying an additional 9,975 shares during the last quarter. Finally, Capstone Asset Management Co. raised its position in BofI Holding by 13.2% in the second quarter. Capstone Asset Management Co. now owns 24,866 shares of the company’s stock valued at $440,000 after buying an additional 2,890 shares during the last quarter. Hedge funds and other institutional investors own 88.54% of the company’s stock.

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About BofI Holding

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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