The BofI Holding, Inc. (BOFI) Expected to Announce Quarterly Sales of $94.19 Million

The BofI Holding, Inc. (BOFI) Expected to Announce Quarterly Sales of $94.19 Million

According to Zacks, analysts expect that BofI Holding will report full-year sales of $94.19 million for the current financial year, with estimates ranging from $380.2 million to $385.8 million. For the next fiscal year, analysts anticipate that the firm will report sales of $438.31 million per share, with estimates ranging from $431.1 million to $443.44 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover BofI Holding.

Equities research analysts expect BofI Holding, Inc. (NASDAQ:BOFI) to post sales of $94.19 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for BofI Holding’s earnings, with the lowest sales estimate coming in at $90.9 million and the highest estimate coming in at $96.5 million. BofI Holding reported sales of $86.17 million in the same quarter last year, which indicates a positive year over year growth rate of 9.3%. The business is scheduled to report its next earnings report on Tuesday, August 1st.

BofI Holding (NASDAQ:BOFI) last released its earnings results on Tuesday, April 25th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. The company had revenue of $111.73 million during the quarter, compared to analyst estimates of $109.89 million. BofI Holding had a net margin of 29.85% and a return on equity of 18.15%. During the same period in the prior year, the firm posted $0.56 EPS. BOFI has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded BofI Holding from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Tuesday, April 18th. DA Davidson restated a “buy” rating and issued a $34.00 price objective on shares of BofI Holding in a research report on Tuesday, April 4th. Finally, FBR & Co restated an “outperform” rating and issued a $35.00 price objective on shares of BofI Holding in a research report on Monday, April 3rd. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $30.38.

In other news, Director Mosich Nick sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $30.57, for a total value of $106,995.00. Following the completion of the sale, the director now directly owns 96,520 shares in the company, valued at $2,950,616.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.34% of the stock is owned by insiders. Several hedge funds have recently modified their holdings of BOFI. Ameritas Investment Partners Inc. purchased a new stake in shares of BofI Holding during the first quarter worth about $135,000. LS Investment Advisors LLC raised its stake in shares of BofI Holding by 170.7% in the first quarter. LS Investment Advisors LLC now owns 5,653 shares of the financial services provider’s stock worth $148,000 after buying an additional 3,565 shares in the last quarter. Howe & Rusling Inc. raised its stake in shares of BofI Holding by 13.6% in the first quarter. Howe & Rusling Inc. now owns 5,685 shares of the financial services provider’s stock worth $149,000 after buying an additional 680 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of BofI Holding by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 6,360 shares of the financial services provider’s stock worth $166,000 after buying an additional 130 shares in the last quarter. Finally, Endurance Wealth Management Inc. raised its stake in shares of BofI Holding by 6.4% in the first quarter. Endurance Wealth Management Inc. now owns 6,688 shares of the financial services provider’s stock worth $174,000 after buying an additional 400 shares in the last quarter. 89.69% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Mosich Nick sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $30.57, for a total value of $106,995.00. Following the completion of the sale, the director now directly owns 96,520 shares in the company, valued at $2,950,616.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.34% of the stock is owned by insiders. BofI Holding (NASDAQ:BOFI) traded up 1.06% during midday trading on Wednesday, reaching $23.88. 597,977 shares of the company traded hands. BofI Holding has a 1-year low of $15.29 and a 1-year high of $32.57. The stock has a market capitalization of $1.51 billion, a P/E ratio of 11.76 and a beta of 0.23. The firm has a 50-day moving average of $24.93 and a 200-day moving average of $26.52.

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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