Pembroke Management LTD raised its position in shares of BofI Holding, Inc. (NASDAQ:BOFI) by 0.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,403,436 shares of the financial services provider’s stock after buying an additional 700 shares during the period. BofI Holding accounts for approximately 3.0% of Pembroke Management LTD’s holdings, making the stock its 6th largest position. Pembroke Management LTD’s holdings in BofI Holding were worth $33,289,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. State of Alaska Department of Revenue boosted its position in shares of BofI Holding by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 6,360 shares of the financial services provider’s stock worth $166,000 after buying an additional 130 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of BofI Holding by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 23,500 shares of the financial services provider’s stock worth $614,000 after buying an additional 300 shares in the last quarter. Legal & General Group Plc boosted its position in shares of BofI Holding by 0.3% in the first quarter. Legal & General Group Plc now owns 104,730 shares of the financial services provider’s stock worth $2,740,000 after buying an additional 300 shares in the last quarter. Endurance Wealth Management Inc. boosted its position in shares of BofI Holding by 6.4% in the first quarter. Endurance Wealth Management Inc. now owns 6,688 shares of the financial services provider’s stock worth $174,000 after buying an additional 400 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of BofI Holding by 1.4% in the first quarter. Arizona State Retirement System now owns 30,024 shares of the financial services provider’s stock worth $785,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 88.04% of the company’s stock.
BofI Holding, Inc. (BOFI) opened at 25.20 on Thursday. BofI Holding, Inc. has a 12-month low of $15.29 and a 12-month high of $32.57. The company’s 50-day moving average is $23.70 and its 200 day moving average is $25.94. The stock has a market capitalization of $1.60 billion, a PE ratio of 12.41 and a beta of 0.39.
BofI Holding (NASDAQ:BOFI) last posted its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $0.63 EPS for the quarter, hitting the consensus estimate of $0.63. The company had revenue of $111.73 million during the quarter, compared to analyst estimates of $109.89 million. BofI Holding had a net margin of 29.49% and a return on equity of 17.91%. During the same period in the previous year, the firm earned $0.56 earnings per share. On average, equities research analysts expect that BofI Holding, Inc. will post $2.07 earnings per share for the current fiscal year.
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A number of brokerages have recently issued reports on BOFI. FBR & Co reiterated an “outperform” rating and set a $35.00 price objective on shares of BofI Holding in a report on Monday, April 3rd. DA Davidson reiterated a “buy” rating and set a $33.00 price objective on shares of BofI Holding in a report on Monday, June 12th. Zacks Investment Research cut shares of BofI Holding from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. BidaskClub upgraded shares of BofI Holding from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, ValuEngine cut shares of BofI Holding from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $30.18.
About BofI Holding
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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