Is BofI Holding, Inc.’s Fuel For Real? The Stock Was Bought By Option Traders

 Is BofI Holding, Inc.'s Fuel For Real? The Stock Was Bought By Option Traders

In today’s session BofI Holding, Inc. (BOFI) registered an unusually high (1,056) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious BOFI increase. With 1,056 contracts traded and 7324 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: BOFI161118C00020000 closed last at: $0.8 or 166.7% up. About 362,486 shares traded hands. BofI Holding, Inc. (NASDAQ:BOFI) has 0.00% since April 11, 2016 and is . It has underperformed by 6.15% the S&P500.

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 292.29% above today’s ($22.05) stock price. Bofl Holding Inc has been the topic of 11 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of BofI Holding, Inc. (NASDAQ:BOFI) earned “Buy” rating by Sandler O’Neill on Thursday, October 15. The stock of BofI Holding, Inc. (NASDAQ:BOFI) has “Strong Buy” rating given on Friday, September 4 by Raymond James. The firm has “Buy” rating by DA Davidson given on Thursday, October 15. The firm has “Neutral” rating by DA Davidson given on Thursday, August 6. As per Friday, July 31, the company rating was maintained by FBR Capital. FBR Capital maintained the shares of BOFI in a report on Monday, November 23 with “Outperform” rating.

According to Zacks Investment Research, “Bofi Holding is the holding company for Bank of Internet USA, a consumer-focused, nationwide savings bank operating primarily through the Internet from a single location in San Diego, California. They provide a variety of consumer banking services, focusing primarily on gathering retail deposits over the Internet and originating and purchasing multifamily and single family loans for investment.”

Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.29, from 1.29 in 2016Q1. The ratio is 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.
Northern has 0% invested in the company for 826,775 shares. Nuveen Asset Mgmt Limited Liability Com, a Illinois-based fund reported 691,558 shares. Bank & Trust Of New York Mellon Corporation holds 0% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI) for 907,536 shares. Moreover, Pinebridge Invests L P has 0.01% invested in BofI Holding, Inc. (NASDAQ:BOFI) for 7,277 shares. Stifel Fincl Corporation has 26,712 shares for 0% of their US portfolio. Burney owns 72,904 shares or 0.09% of their US portfolio. Moreover, Dekabank Deutsche Girozentrale has 0.01% invested in BofI Holding, Inc. (NASDAQ:BOFI) for 31,000 shares. Blackrock Institutional Company Na has invested 0% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI). Federated Pa accumulated 1,337 shares or 0% of the stock. Henderson Grp Public Limited Company last reported 874,529 shares in the company. Teachers Retirement System Of The State Of Kentucky holds 22,400 shares or 0.01% of its portfolio. Comerica Bankshares holds 0.01% or 59,938 shares in its portfolio. Shelton Cap holds 0.08% or 52,408 shares in its portfolio. Blackrock Fund Advsr accumulated 3.69 million shares or 0.01% of the stock. Nationwide Fund Advisors holds 320,027 shares or 0.02% of its portfolio.

BofI Holding, Inc. is the holding firm for BofI Federal Bank (the Bank). The company has a market cap of $1.51 billion. The Bank is a diversified financial services company. It has a 11.62 P/E ratio. The Bank provides consumer and business banking products through its branchless, low-cost distribution channels and affinity partners.

BOFI Company Profile

BofI Holding, Inc. (BofI), incorporated on July 6, 1999, is the holding firm 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. The Bank distributes its deposit products through a range of retail distribution channels, and its deposits consist of demand, savings and time deposits accounts. The Bank distributes its loan products through its retail, correspondent and wholesale channels, and the loans the Bank retains are primarily first mortgages secured by single family real property and by multifamily real property. The Company’s mortgage-backed securities consist primarily of mortgage pass-through securities issued by government-sponsored entities and non-agency collateralized mortgage obligations and pass-through mortgage-backed securities issued by private sponsors.

More notable recent BofI Holding, Inc. (NASDAQ:BOFI) news were published by: Fool.com which released: “Despite Market’s Reaction, BofI Holding, Inc. Really Did Have a Great Quarter” on November 01, 2016, also Fool.com with their article: “BofI Holding, Inc. Stock Up 10% on Continued Strong Earnings” published on August 03, 2016, Fool.com published: “Will BofI Holding, Inc. Deposit Another Quarter of Growth?” on July 30, 2016. More interesting news about BofI Holding, Inc. (NASDAQ:BOFI) were released by: Businesswire.com and their article: “BofI Holding, Inc. Issues Statement Regarding Share Price Volatility” published on April 18, 2016 as well as Businesswire.com‘s news article titled: “BofI Holding, Inc. Announces Acquisition of Equipment Leases and Operations of …” with publication date: April 04, 2016.

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