BofI Holding, Inc. (BOFI) Given Consensus Recommendation of “Buy” by Analysts

Shares of BofI Holding, Inc. (NASDAQ:BOFI) have been given a consensus recommendation of “Buy” by the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $30.73.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of BofI Holding from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. BidaskClub raised shares of BofI Holding from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. DA Davidson reaffirmed a “buy” rating and issued a $33.00 price target on shares of BofI Holding in a research report on Monday, June 12th. Finally, ValuEngine cut shares of BofI Holding from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd.

BofI Holding (NASDAQ:BOFI) traded down 1.53% during trading on Friday, hitting $26.37. 659,086 shares of the stock traded hands. BofI Holding has a 12 month low of $17.71 and a 12 month high of $32.57. The firm has a market cap of $1.68 billion, a PE ratio of 12.74 and a beta of 0.42. The firm has a 50-day moving average price of $25.68 and a 200 day moving average price of $25.89.

Several large investors have recently made changes to their positions in the company. Great West Life Assurance Co. Can boosted its stake in shares of BofI Holding by 7.1% in the first quarter. Great West Life Assurance Co. Can now owns 81,114 shares of the financial services provider’s stock valued at $2,119,000 after buying an additional 5,361 shares during the last quarter. Emerald Advisers Inc. PA boosted its stake 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. Emerald Mutual Fund Advisers Trust boosted its stake 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. K.J. Harrison & Partners Inc boosted its stake in BofI Holding by 233.3% in the first quarter. K.J. Harrison & Partners Inc now owns 25,000 shares of the financial services provider’s stock worth $653,000 after buying an additional 17,500 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in BofI Holding by 1.8% in the first quarter. Nationwide Fund Advisors now owns 329,250 shares of the financial services provider’s stock worth $8,603,000 after buying an additional 5,945 shares during the last quarter. 88.97% of the stock is owned by hedge funds and other institutional investors.

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.