BofI Holding, Inc. (BOFI) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

BofI Holding, Inc. (NASDAQ:BOFI)‘s stock had its “market perform” rating reissued by Keefe, Bruyette & Woods in a research report issued on Monday. They presently have a $31.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 14.81% from the company’s current price.

Several other research analysts have also weighed in on BOFI. 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. BidaskClub raised shares of BofI Holding from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Zacks Investment Research downgraded shares of BofI Holding from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. ValuEngine downgraded shares of BofI Holding from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th. Finally, FBR & Co reissued a “buy” rating and set a $37.00 target price on shares of BofI Holding in a research report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $34.00.

Shares of BofI Holding (NASDAQ:BOFI) opened at 27.00 on Monday. The company’s 50-day moving average is $26.76 and its 200 day moving average is $25.12. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 13.04 and a beta of 0.39. BofI Holding has a 52-week low of $17.95 and a 52-week high of $32.57.

WARNING: “BofI Holding, Inc. (BOFI) Stock Rating Reaffirmed by Keefe, Bruyette & Woods” was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States and international copyright laws. The original version of this piece can be accessed at https://stocknewstimes.com/2017/10/11/bofi-holding-inc-bofi-stock-rating-reaffirmed-by-keefe-bruyette-woods.html.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. lifted its stake in BofI Holding by 0.3% during the second quarter. Alps Advisors Inc. now owns 16,603 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 43 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in BofI Holding by 0.5% in the second quarter. PNC Financial Services Group Inc. now owns 16,771 shares of the financial services provider’s stock valued at $398,000 after buying an additional 80 shares during the last quarter. Arizona State Retirement System lifted its stake in BofI Holding by 0.3% in the second quarter. Arizona State Retirement System now owns 30,124 shares of the financial services provider’s stock valued at $715,000 after buying an additional 100 shares during the last quarter. Alpha Cubed Investments LLC lifted its stake in BofI Holding by 1.9% in the second quarter. Alpha Cubed Investments LLC now owns 10,700 shares of the financial services provider’s stock valued at $254,000 after buying an additional 200 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in 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 valued at $2,740,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 88.09% of the company’s stock.

BofI Holding Company Profile

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.

Analyst Recommendations for BofI Holding (NASDAQ:BOFI)

Receive News & Ratings for BofI Holding Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BofI Holding Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply