BofI Holding, Inc. (NASDAQ:BOFI) – Equities research analysts at B. Riley lifted their Q2 2018 EPS estimates for BofI in a research report issued to clients and investors on Thursday. B. Riley analyst S. Moss now expects that the financial services provider will earn $0.60 per share for the quarter, up from their previous estimate of $0.51. B. Riley also issued estimates for BofI’s Q3 2018 earnings at $0.72 EPS, Q4 2018 earnings at $0.69 EPS, FY2018 earnings at $2.50 EPS, Q1 2019 earnings at $0.71 EPS, Q2 2019 earnings at $0.71 EPS, Q3 2019 earnings at $0.95 EPS and Q4 2019 earnings at $0.84 EPS.
Other equities analysts have also recently issued research reports about the company. Craig Hallum reissued a “buy” rating and issued a $39.00 price objective (up previously from $35.00) on shares of BofI in a report on Wednesday, October 4th. FBR & Co reissued a “buy” rating and issued a $37.00 price objective on shares of BofI in a report on Friday, September 29th. Zacks Investment Research raised BofI from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Wednesday, December 27th. BidaskClub raised BofI from a “hold” rating to a “buy” rating in a report on Wednesday, December 20th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $30.00 price objective 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 stock. BofI has a consensus rating of “Buy” and a consensus target price of $35.00.
BofI (BOFI) opened at $31.57 on Friday. The stock has a market capitalization of $2,010.00, a PE ratio of 15.11, a PEG ratio of 1.29 and a beta of 0.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.06. BofI has a fifty-two week low of $21.60 and a fifty-two week high of $32.57.
BofI (NASDAQ:BOFI) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The business had revenue of $93.89 million during the quarter, compared to analysts’ expectations of $94.93 million. BofI had a return on equity of 17.00% and a net margin of 29.36%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 EPS.
In related news, Director Mosich Nick sold 18,308 shares of BofI stock in a transaction dated Friday, December 1st. The stock was 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 in the company, valued at approximately $2,303,749.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Edward James Ratinoff sold 7,540 shares of BofI stock in a transaction dated Thursday, November 2nd. The shares were 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 of the company’s stock, valued at approximately $793,280. The disclosure for this sale can be found here. 6.24% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan increased its stake in shares of BofI by 54.8% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 21,070 shares of the financial services provider’s stock valued at $600,000 after purchasing an additional 7,460 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of BofI by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,550,221 shares of the financial services provider’s stock valued at $131,652,000 after purchasing an additional 122,322 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of BofI by 3.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 589,816 shares of the financial services provider’s stock valued at $16,864,000 after purchasing an additional 20,373 shares in the last quarter. Prudential PLC increased its stake in shares of BofI by 15.9% in the 2nd quarter. Prudential PLC now owns 718,500 shares of the financial services provider’s stock valued at $17,043,000 after purchasing an additional 98,700 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of BofI by 2.1% in the 2nd quarter. BlackRock Inc. now owns 7,591,710 shares of the financial services provider’s stock valued at $180,074,000 after purchasing an additional 152,757 shares in the last quarter. Hedge funds and other institutional investors own 84.35% of the company’s stock.
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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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