Aurora Investment Counsel Takes Position in BofI Holding, Inc. (NASDAQ:BOFI)

Aurora Investment Counsel purchased a new stake in shares of BofI Holding, Inc. (NASDAQ:BOFI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 93,937 shares of the financial services provider’s stock, valued at approximately $2,809,000. BofI accounts for about 1.4% of Aurora Investment Counsel’s holdings, making the stock its 8th biggest holding. Aurora Investment Counsel owned 0.15% of BofI as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BOFI. PNC Financial Services Group Inc. grew its position in shares of BofI by 0.5% during 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 purchasing an additional 80 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of BofI by 0.3% during the second quarter. Wells Fargo & Company MN now owns 96,467 shares of the financial services provider’s stock valued at $2,288,000 after acquiring an additional 328 shares in the last quarter. Shelton Capital Management grew its holdings in BofI by 0.8% in the second quarter. Shelton Capital Management now owns 53,328 shares of the financial services provider’s stock worth $1,265,000 after purchasing an additional 419 shares during the last quarter. Pinebridge Investments L.P. grew its holdings in BofI by 2.1% in the second quarter. Pinebridge Investments L.P. now owns 39,656 shares of the financial services provider’s stock worth $941,000 after purchasing an additional 807 shares during the last quarter. Finally, Profund Advisors LLC grew its holdings in shares of BofI by 8.6% during the second quarter. Profund Advisors LLC now owns 10,903 shares of the financial services provider’s stock valued at $259,000 after buying an additional 867 shares during the last quarter. 84.35% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $31.00 price target on shares of BofI in a research note on Monday, October 9th. Craig Hallum restated a “buy” rating and issued a $39.00 price objective (up from $35.00) on shares of BofI in a report on Wednesday, October 4th. FBR & Co reiterated a “buy” rating and set a $37.00 target price on shares of BofI in a report on Friday, September 29th. BidaskClub upgraded shares of BofI from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. Finally, Zacks Investment Research upgraded shares of BofI from a “sell” rating to a “hold” rating in a research report on Monday, December 4th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $34.20.

BofI Holding, Inc. (NASDAQ:BOFI) traded up $0.82 during mid-day trading on Thursday, reaching $31.10. 1,186,800 shares of the company’s stock traded hands, compared to its average volume of 650,157. The company has a market capitalization of $2,020.00, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 1.26 and a beta of 0.39. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.06. BofI Holding, Inc. has a 12-month low of $21.60 and a 12-month high of $32.57.

BofI (NASDAQ:BOFI) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. BofI had a net margin of 29.36% and a return on equity of 17.00%. The company had revenue of $93.89 million during the quarter, compared to the consensus estimate of $94.93 million. During the same period in the prior year, the company earned $0.45 EPS. BofI’s revenue was up 11.1% on a year-over-year basis. equities research analysts predict that BofI Holding, Inc. will post 2.38 earnings per share for the current fiscal year.

In other news, Director Mosich Nick sold 18,308 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $27.75, for a total transaction of $508,047.00. Following the completion of the sale, the director now directly owns 83,018 shares in the company, valued at approximately $2,303,749.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Edward James Ratinoff sold 7,540 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $26.80, for a total value of $202,072.00. Following the sale, the director now owns 29,600 shares of the company’s stock, valued at $793,280. The disclosure for this sale can be found here. Company insiders own 6.24% of the company’s stock.

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BofI 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.

Institutional Ownership by Quarter for BofI (NASDAQ:BOFI)

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