BofI (NASDAQ:BOFI) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday, January 3rd.

A number of other research firms have also recently issued reports on BOFI. Craig Hallum reiterated a “buy” rating and issued a $39.00 target price (up from $35.00) on shares of BofI in a research note on Wednesday, October 4th. FBR & Co restated a “buy” rating and issued a $37.00 price objective on shares of BofI in a research note on Friday, September 29th. Zacks Investment Research upgraded shares of BofI from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Wednesday, December 27th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $30.00 price objective on shares of BofI in a research note on Thursday, October 26th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. BofI currently has a consensus rating of “Buy” and a consensus target price of $35.00.

Shares of BofI (BOFI) opened at $33.37 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.06. The company has a market cap of $2,150.30, a P/E ratio of 15.93, a P/E/G ratio of 1.33 and a beta of 0.39. BofI has a fifty-two week low of $21.60 and a fifty-two week high of $33.98.

In other BofI news, Director Edward James Ratinoff sold 7,540 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $26.80, for a total value of $202,072.00. Following the sale, the director now owns 29,600 shares of the company’s stock, valued at approximately $793,280. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mosich Nick sold 18,308 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $27.75, for a total transaction of $508,047.00. Following the completion of the sale, the director now directly owns 83,018 shares in the company, valued at approximately $2,303,749.50. The disclosure for this sale can be found here. Insiders own 6.24% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its holdings 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 worth $180,074,000 after purchasing an additional 152,757 shares during the last quarter. Vanguard Group Inc. grew its holdings 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 worth $131,652,000 after purchasing an additional 122,322 shares during the last quarter. State Street Corp grew its holdings in shares of BofI by 4.3% in the 2nd quarter. State Street Corp now owns 1,439,590 shares of the financial services provider’s stock worth $34,147,000 after purchasing an additional 58,774 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of BofI by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 993,233 shares of the financial services provider’s stock worth $23,560,000 after purchasing an additional 24,314 shares during the last quarter. Finally, Rice Hall James & Associates LLC grew its holdings in shares of BofI by 12.8% in the 4th quarter. Rice Hall James & Associates LLC now owns 886,472 shares of the financial services provider’s stock worth $26,506,000 after purchasing an additional 100,769 shares during the last quarter. 84.69% of the stock is currently owned by institutional investors and hedge funds.

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About BofI

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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