The BofI Holding, Inc. (BOFI) Stake Boosted by First Trust Advisors LP

The BofI Holding, Inc. (BOFI) Stake Boosted by First Trust Advisors LP

Other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in BofI Holding during the fourth quarter valued at $9,594,000. Credit Agricole S A acquired a new stake in BofI Holding during the fourth quarter valued at $6,852,000. Two Sigma Advisers LP boosted its stake in BofI Holding by 838.5% in the third quarter. Two Sigma Advisers LP now owns 194,456 shares of the financial services provider’s stock valued at $4,356,000 after buying an additional 173,736 shares during the period. Norges Bank acquired a new stake in BofI Holding during the fourth quarter valued at $4,892,000. Finally, Prudential PLC boosted its stake in BofI Holding by 44.2% in the fourth quarter. Prudential PLC now owns 546,100 shares of the financial services provider’s stock valued at $15,591,000 after buying an additional 167,500 shares during the period. Institutional investors and hedge funds own 89.69% of the company’s stock.

First Trust Advisors LP raised its stake in BofI Holding, Inc. (NASDAQ:BOFI) by 2.1% during the first quarter, Holdings Channel reports. The firm owned 147,789 shares of the financial services provider’s stock after buying an additional 3,094 shares during the period. First Trust Advisors LP’s holdings in BofI Holding were worth $3,862,000 at the end of the most recent quarter.

BofI Holding, Inc. (BOFI) opened at 22.32 on Monday. The stock has a 50 day moving average price of $23.80 and a 200-day moving average price of $26.74. The stock has a market cap of $1.41 billion, a PE ratio of 11.00 and a beta of 0.23. BofI Holding, Inc. has a 1-year low of $15.29 and a 1-year high of $32.57.

BofI Holding (NASDAQ:BOFI) last released its earnings results on Tuesday, April 25th. The financial services provider reported $0.63 EPS for the quarter, meeting analysts’ consensus estimates of $0.63. The firm had revenue of $111.73 million for the quarter, compared to analysts’ expectations of $109.89 million. BofI Holding had a return on equity of 18.15% and a net margin of 29.85%. During the same quarter in the prior year, the firm posted $0.56 earnings per share. On average, equities analysts expect that BofI Holding, Inc. will post $2.08 EPS for the current year.

Several equities research analysts have weighed in on BOFI shares. 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 report on Tuesday, April 18th. DA Davidson reiterated a “buy” rating and issued a $34.00 price objective on shares of BofI Holding in a report on Tuesday, April 4th. FBR & Co reiterated an “outperform” rating and issued a $35.00 price objective on shares of BofI Holding in a report on Monday, April 3rd. Finally, ValuEngine cut BofI Holding from a “strong-buy” rating to a “buy” rating in a report on Friday. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $30.38.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:BOFI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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