BofI Holding, Inc. Stock Price Could Go Down After Today’s Bearish Options Activity


 BofI Holding, Inc. Stock Price Could Go Down After Today's Bearish Options Activity

In today’s session BofI Holding, Inc. (BOFI) recorded an unusually high (2,418) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious BOFI decrease. With 2,418 contracts traded and 103664 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: BOFI161021P00020000 closed last at: $0.3 or 33.3% down. About 854,378 shares traded hands. BofI Holding, Inc. (NASDAQ:BOFI) has risen 17.11% since March 1, 2016 and is uptrending. It has outperformed by 7.86% the S&P500.

Analysts await BofI Holding, Inc. (NASDAQ:BOFI) to report earnings on November, 3. They expect $0.45 earnings per share, up 12.50% or $0.05 from last year’s $0.4 per share. BOFI’s profit will be $27.33M for 12.35 P/E if the $0.45 EPS becomes a reality. After $0.46 actual earnings per share reported by BofI Holding, Inc. for the previous quarter, Wall Street now forecasts -2.17% negative EPS growth.

BofI Holding, Inc. (NASDAQ:BOFI) Ratings Coverage

Out of 6 analysts covering Bofl Holding Inc (NASDAQ:BOFI), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $148 is the highest target while $30 is the lowest. The $86.50 average target is 289.11% above today’s ($22.23) stock price. Bofl Holding Inc has been the topic of 11 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Strong Buy” rating by Raymond James given on Friday, September 4. The rating was upgraded by Sandler O’Neill to “Buy” on Thursday, October 15. The stock of BofI Holding, Inc. (NASDAQ:BOFI) has “Buy” rating given on Thursday, October 15 by DA Davidson. The rating was downgraded by DA Davidson to “Neutral” on Thursday, August 6. FBR Capital maintained it with “Outperform” rating and $33 target price in Monday, November 23 report. The firm has “Outperform” rating given on Friday, July 31 by FBR Capital.

Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.29, from 1.29 in 2016Q1. The ratio turned negative, as 24 funds sold all BofI Holding, Inc. shares owned while 65 reduced positions. 19 funds bought stakes while 70 increased positions. They now own 58.06 million shares or 6.95% less from 62.39 million shares in 2016Q1.
Shell Asset Mngmt holds 0.02% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI) for 47,584 shares. Moreover, Arizona State Retirement has 0.01% invested in BofI Holding, Inc. (NASDAQ:BOFI) for 29,824 shares. Rice Hall James And Associate Ltd Llc holds 0.4% or 394,904 shares in its portfolio. Independent Consultants Inc holds 0.06% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI) for 11,215 shares. Invesco Ltd has 0.01% invested in the company for 2.16M shares. Kcg Inc holds 0.01% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI) for 21,673 shares. Texas Permanent School Fund holds 0.01% or 43,878 shares in its portfolio. Deutsche National Bank & Trust Ag, a Germany-based fund reported 99,444 shares. Pinebridge Limited Partnership reported 7,277 shares or 0.01% of all its holdings. Emerald Advisers Pa, a Pennsylvania-based fund reported 831,132 shares. Massachusetts Fincl Ma accumulated 0% or 30,378 shares. Thompson Siegel & Walmsley Limited Liability Company last reported 0.18% of its portfolio in the stock. Stoneridge Investment Prtn Lc holds 0.44% or 165,264 shares in its portfolio. The Florida-based Ruggie Group Inc has invested 0.01% in BofI Holding, Inc. (NASDAQ:BOFI). Capstone Asset Management has 0.01% invested in the company for 24,866 shares.

BofI Holding, Inc. is the holding firm for BofI Federal Bank (the Bank). The company has a market cap of $1.35 billion. The Bank is a diversified financial services company. It has a 11.94 P/E ratio. The Bank provides consumer and business banking products through its branchless, low-cost distribution channels and affinity partners.

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