BidaskClub lowered shares of BofI (NASDAQ:BOFI) from a hold rating to a sell rating in a research report report published on Thursday, September 20th.

Several other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of BofI from a hold rating to a sell rating in a research report on Friday, August 10th. ValuEngine downgraded shares of BofI from a buy rating to a hold rating in a research report on Wednesday, September 12th. Stephens reissued a buy rating and set a $45.00 target price on shares of BofI in a research report on Thursday, August 9th. Finally, B. Riley boosted their target price on shares of BofI from $45.00 to $47.00 and gave the stock a buy rating in a research report on Tuesday, June 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. BofI currently has an average rating of Buy and a consensus price target of $41.78.

BOFI stock traded up $0.40 during midday trading on Thursday, hitting $34.39. The stock had a trading volume of 698,132 shares, compared to its average volume of 419,438. BofI has a 1-year low of $24.20 and a 1-year high of $45.18. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 1.12 and a beta of 0.27. 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 (NASDAQ:BOFI) last announced its quarterly earnings data on Tuesday, August 7th. The financial services provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.03). BofI had a net margin of 27.87% and a return on equity of 17.79%. The company had revenue of $104.03 million for the quarter, compared to analyst estimates of $107.81 million. Research analysts expect that BofI will post 3.07 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC grew its position in shares of BofI by 5.8% during the 2nd quarter. MetLife Investment Advisors LLC now owns 27,157 shares of the financial services provider’s stock valued at $1,111,000 after acquiring an additional 1,498 shares during the period. Bfsg LLC grew its position in shares of BofI by 15.6% during the 2nd quarter. Bfsg LLC now owns 11,209 shares of the financial services provider’s stock valued at $459,000 after acquiring an additional 1,510 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of BofI by 4.5% during the 1st quarter. Thrivent Financial for Lutherans now owns 36,263 shares of the financial services provider’s stock valued at $1,470,000 after buying an additional 1,549 shares in the last quarter. Van Hulzen Asset Management LLC lifted its stake in shares of BofI by 21.7% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 8,905 shares of the financial services provider’s stock valued at $364,000 after buying an additional 1,585 shares in the last quarter. Finally, Private Asset Management Inc. lifted its stake in shares of BofI by 6.2% during the 3rd quarter. Private Asset Management Inc. now owns 29,732 shares of the financial services provider’s stock valued at $1,022,000 after buying an additional 1,732 shares in the last quarter. 75.30% of the stock is owned by hedge funds and other institutional investors.

BofI Company Profile

BofI Holding, Inc operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; prime loans to customers secured by new and used automobiles; and term unsecured personal loans to individual borrowers, as well as overdraft lines of credit.

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Analyst Recommendations for BofI (NASDAQ:BOFI)

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