State Board of Administration of Florida Retirement System held its position in shares of BofI Holding, Inc. (NASDAQ:BOFI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,339 shares of the financial services provider’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System owned 0.06% of BofI Holding worth $1,009,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of BOFI. Orinda Asset Management LLC purchased a new position in shares of BofI Holding during the third quarter worth $129,000. Aperio Group LLC purchased a new position in shares of BofI Holding during the third quarter worth $201,000. Quotient Investors LLC purchased a new position in shares of BofI Holding during the third quarter worth $202,000. Windward Capital Management Co. CA purchased a new position in shares of BofI Holding during the third quarter worth $216,000. Finally, Alpha Cubed Investments LLC bought a new position in BofI Holding during the third quarter valued at approximately $235,000. Institutional investors and hedge funds own 89.69% of the company’s stock.
BofI Holding, Inc. (NASDAQ:BOFI) traded up 0.998% during trading on Friday, hitting $25.795. 931,757 shares of the company traded hands. The stock has a 50 day moving average price of $27.02 and a 200 day moving average price of $26.18. BofI Holding, Inc. has a 12-month low of $15.29 and a 12-month high of $32.57. The company has a market capitalization of $1.63 billion, a P/E ratio of 13.235 and a beta of 0.23.
BofI Holding (NASDAQ:BOFI) last released its quarterly earnings results on Monday, January 30th. The financial services provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The business earned $93.06 million during the quarter, compared to analysts’ expectations of $91.19 million. BofI Holding had a return on equity of 18.15% and a net margin of 29.85%. During the same quarter last year, the business posted $0.44 EPS. On average, equities analysts anticipate that BofI Holding, Inc. will post $2.10 earnings per share for the current year.
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BOFI has been the topic of several research reports. Zacks Investment Research upgraded shares of BofI Holding from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Tuesday. 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. Finally, 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. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. BofI Holding currently has an average rating of “Buy” and a consensus price target of $30.38.
In other BofI Holding news, Director Mosich Nick sold 3,500 shares of the firm’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 transaction of $106,995.00. Following the completion of the transaction, the director now owns 96,520 shares in the company, valued at approximately $2,950,616.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.34% of the company’s stock.
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.
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