Bowling Portfolio Management LLC bought a new position in BofI Holding, Inc. (NASDAQ:BOFI) during the second quarter, according to its most recent filing with the SEC. The institutional investor bought 56,097 shares of the financial services provider’s stock, valued at approximately $1,331,000.
Other large investors have also bought and sold shares of the company. BlackRock Inc. raised its stake in BofI Holding by 115,357.9% in the first quarter. BlackRock Inc. now owns 7,438,953 shares of the financial services provider’s stock worth $194,380,000 after buying an additional 7,432,510 shares during the last quarter. Vanguard Group Inc. raised its stake in BofI Holding by 31.2% in the first quarter. Vanguard Group Inc. now owns 5,427,899 shares of the financial services provider’s stock worth $141,831,000 after buying an additional 1,290,172 shares during the last quarter. Credit Agricole S A raised its stake in BofI Holding by 90.0% in the first quarter. Credit Agricole S A now owns 456,000 shares of the financial services provider’s stock worth $11,915,000 after buying an additional 216,000 shares during the last quarter. Norges Bank acquired a new stake in BofI Holding during the fourth quarter worth $4,892,000. Finally, State Street Corp raised its stake in BofI Holding by 8.4% in the first quarter. State Street Corp now owns 1,380,816 shares of the financial services provider’s stock worth $36,079,000 after buying an additional 106,592 shares during the last quarter. 88.13% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BofI Holding, Inc. (BOFI) opened at 28.24 on Wednesday. The firm’s 50-day moving average is $24.19 and its 200-day moving average is $25.86. BofI Holding, Inc. has a 12-month low of $15.92 and a 12-month high of $32.57. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 13.64 and a beta of 0.41.
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A number of equities research analysts have weighed in on BOFI shares. Zacks Investment Research raised shares of BofI Holding from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Tuesday, April 18th. DA Davidson reissued a “buy” rating and set a $33.00 target price on shares of BofI Holding in a report on Monday, June 12th. ValuEngine lowered shares of BofI Holding from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub raised shares of BofI Holding from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price 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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