Elkfork Partners LLC reduced its stake in shares of BofI Holding, Inc. (NASDAQ:BOFI) by 72.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,968 shares of the financial services provider’s stock after selling 37,358 shares during the quarter. Elkfork Partners LLC’s holdings in BofI were worth $418,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Earnest Partners LLC purchased a new stake in shares of BofI during the 4th quarter valued at about $108,000. Victory Capital Management Inc. raised its holdings in shares of BofI by 69.9% during the 3rd quarter. Victory Capital Management Inc. now owns 5,746 shares of the financial services provider’s stock valued at $164,000 after buying an additional 2,365 shares during the period. Miles Capital Inc. purchased a new stake in shares of BofI during the 4th quarter valued at about $207,000. Van Hulzen Asset Management LLC purchased a new stake in shares of BofI during the 3rd quarter valued at about $211,000. Finally, Eqis Capital Management Inc. purchased a new stake in shares of BofI during the 4th quarter valued at about $228,000. Institutional investors and hedge funds own 84.96% of the company’s stock.
BOFI has been the topic of several analyst reports. Zacks Investment Research downgraded BofI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 30th. Stephens restated a “buy” rating and set a $39.00 price objective on shares of BofI in a research note on Thursday, February 1st. ValuEngine upgraded BofI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. Sandler O’Neill restated a “buy” rating and set a $38.00 price objective on shares of BofI in a research note on Wednesday, January 31st. Finally, BidaskClub upgraded BofI from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 3rd. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $36.00.
BofI (NASDAQ:BOFI) last issued its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. BofI had a return on equity of 17.27% and a net margin of 28.37%. The firm had revenue of $101.31 million during the quarter, compared to analyst estimates of $100.29 million. During the same quarter last year, the firm earned $0.50 EPS. equities research analysts forecast that BofI Holding, Inc. will post 2.53 earnings per share for the current year.
In other BofI news, Director James John Court sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $40.33, for a total transaction of $362,970.00. Following the completion of the sale, the director now owns 28,856 shares in the company, valued at approximately $1,163,762.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.24% of the stock is owned by company insiders.
BofI Company Profile
BofI Holding, Inc operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; and consumer lending products consisting of prime loans to purchase new and used automobiles and recreational vehicles, as well as deposit-related overdraft lines of credit.
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