Wall Street brokerages expect BofI Holding, Inc. (NASDAQ:BOFI) to post earnings per share of $0.82 for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for BofI’s earnings, with the lowest EPS estimate coming in at $0.73 and the highest estimate coming in at $0.89. BofI posted earnings per share of $0.63 in the same quarter last year, which would suggest a positive year over year growth rate of 30.2%. The company is scheduled to report its next quarterly earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that BofI will report full year earnings of $2.49 per share for the current financial year, with EPS estimates ranging from $2.42 to $2.54. For the next year, analysts anticipate that the firm will report earnings of $3.16 per share, with EPS estimates ranging from $3.02 to $3.25. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for BofI.
BofI (NASDAQ:BOFI) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.08. The firm had revenue of $101.31 million for the quarter, compared to analysts’ expectations of $100.29 million. BofI had a net margin of 28.37% and a return on equity of 17.27%. During the same quarter last year, the business posted $0.50 earnings per share.
Several equities research analysts have recently issued reports on BOFI shares. BidaskClub upgraded shares of BofI from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Zacks Investment Research upgraded shares of BofI from a “sell” rating to a “hold” rating in a research report on Monday, December 4th. Sandler O’Neill restated a “buy” rating and issued a $38.00 price target on shares of BofI in a research report on Wednesday, January 31st. Finally, Stephens restated a “buy” rating and issued a $39.00 price target on shares of BofI in a research report on Thursday, February 1st. Two analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $36.00.
BofI (NASDAQ BOFI) traded down $0.23 during trading on Thursday, hitting $41.81. 736,243 shares of the stock traded hands, compared to its average volume of 776,193. The company has a market capitalization of $2,610.00, a PE ratio of 18.83, a P/E/G ratio of 1.62 and a beta of 0.43. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.14 and a current ratio of 1.15. BofI has a 52-week low of $21.60 and a 52-week high of $42.39.
In related news, Director James John Court sold 9,000 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $40.33, for a total value of $362,970.00. Following the sale, the director now owns 28,856 shares in the company, valued at $1,163,762.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.24% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan increased its position in BofI by 54.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 21,070 shares of the financial services provider’s stock worth $600,000 after purchasing an additional 7,460 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in BofI by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 589,816 shares of the financial services provider’s stock worth $16,864,000 after buying an additional 20,373 shares during the period. Cottage Street Advisors LLC boosted its stake in BofI by 30.6% during the fourth quarter. Cottage Street Advisors LLC now owns 20,900 shares of the financial services provider’s stock worth $625,000 after buying an additional 4,900 shares during the period. State Street Corp boosted its stake in BofI by 4.3% during the second quarter. State Street Corp now owns 1,439,590 shares of the financial services provider’s stock worth $34,147,000 after buying an additional 58,774 shares during the period. Finally, Sterling Capital Management LLC purchased a new position in BofI during the third quarter worth $855,000. Institutional investors own 84.97% of the company’s stock.
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BofI 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.
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