Equities research analysts expect BofI Holding, Inc. (NASDAQ:BOFI) to report $94.19 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for BofI Holding’s earnings, with the lowest sales estimate coming in at $90.90 million and the highest estimate coming in at $96.50 million. BofI Holding posted sales of $86.17 million in the same quarter last year, which suggests a positive year over year growth rate of 9.3%. The business is scheduled to report its next quarterly earnings report after the market closes on Thursday, July 27th.
On average, analysts expect that BofI Holding will report full year sales of $94.19 million for the current year, with estimates ranging from $380.20 million to $385.80 million. For the next year, analysts anticipate that the business will report sales of $438.31 million per share, with estimates ranging from $431.10 million to $443.44 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow BofI Holding.
BofI Holding (NASDAQ:BOFI) last issued its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $0.63 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. BofI Holding had a net margin of 29.49% and a return on equity of 17.91%. The firm had revenue of $111.73 million for the quarter, compared to analysts’ expectations of $109.89 million. During the same quarter in the prior year, the business earned $0.56 EPS.
A number of brokerages have issued reports on BOFI. FBR & Co reissued an “outperform” rating and issued a $35.00 price target on shares of BofI Holding in a report on Monday, April 3rd. Zacks Investment Research raised BofI Holding from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Tuesday, April 18th. DA Davidson reissued a “buy” rating and issued a $34.00 price target on shares of BofI Holding in a report on Tuesday, April 4th. BidaskClub raised BofI Holding from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, ValuEngine downgraded BofI Holding from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $30.18.
Several hedge funds and other institutional investors have recently made changes to their positions in BOFI. BlackRock Inc. increased its position in shares of 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 valued at $194,380,000 after buying an additional 7,432,510 shares during the last quarter. Vanguard Group Inc. increased its position in shares of 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 valued at $141,831,000 after buying an additional 1,290,172 shares during the last quarter. Emerald Advisers Inc. PA increased its position in shares of BofI Holding by 3.6% in the first quarter. Emerald Advisers Inc. PA now owns 1,391,085 shares of the financial services provider’s stock valued at $36,349,000 after buying an additional 48,049 shares during the last quarter. State Street Corp increased its position in shares of 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 valued at $36,079,000 after buying an additional 106,592 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its position in shares of BofI Holding by 8.1% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 1,354,436 shares of the financial services provider’s stock valued at $35,391,000 after buying an additional 101,528 shares during the last quarter. 88.08% of the stock is owned by institutional investors and hedge funds.
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Shares of BofI Holding (NASDAQ:BOFI) traded up 2.73% during trading on Friday, hitting $24.46. 571,268 shares of the stock traded hands. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 12.05 and a beta of 0.39. The stock has a 50 day moving average of $22.89 and a 200 day moving average of $26.48. BofI Holding has a 52-week low of $15.29 and a 52-week high of $32.57.
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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