Today’s Stock Alert: What Next for BofI Holding, Inc. Stock After Today’s Big Decline?

Today's Stock Alert: What Next for BofI Holding, Inc. Stock After Today's Big Decline?

The stock of BofI Holding, Inc. (NASDAQ:BOFI) is a huge mover today! About 1.33M shares traded hands or 18.75% up from the average. BofI Holding, Inc. (NASDAQ:BOFI) has risen 29.87% since April 14, 2016 and is uptrending. It has outperformed by 25.18% the S&P500.
The move comes after 6 months negative chart setup for the $1.58B company. It was reported on Nov, 16 by Barchart.com. We have $22.88 PT which if reached, will make NASDAQ:BOFI worth $79.00M less.

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

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 dived, 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.
Jcsd Ltd Liability last reported 95,000 shares in the company. Putnam Invs Ltd Limited Liability Company has invested 0.01% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI). Stoneridge Invest Prns Ltd Liability Co reported 165,264 shares or 0.44% of all its holdings. State Board Of Administration Of Florida Retirement Systems accumulated 0% or 35,339 shares. Brave Asset holds 0.01% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI) for 1,000 shares. Alliancebernstein Lp accumulated 96,720 shares or 0% of the stock. Sei has 4,023 shares for 0% of their US portfolio. Wasatch holds 366,171 shares or 0.1% of its portfolio. Public Sector Pension Investment Board owns 40,604 shares or 0.01% of their US portfolio. Moreover, Davis Capital Prtn Lc has 5.12% invested in BofI Holding, Inc. (NASDAQ:BOFI) for 1.67 million shares. Gsa Prtn Llp owns 33,136 shares or 0.03% of their US portfolio. Moreover, Pinnacle Associates has 0.01% invested in BofI Holding, Inc. (NASDAQ:BOFI) for 25,150 shares. Moreover, Cipher Capital L P has 0.03% invested in BofI Holding, Inc. (NASDAQ:BOFI) for 28,165 shares. Shell Asset Mngmt owns 47,584 shares or 0.02% of their US portfolio. Bnp Paribas Arbitrage holds 0% or 18,022 shares in its portfolio.

Another recent and important BofI Holding, Inc. (NASDAQ:BOFI) news was published by Fool.com which published an article titled: “Despite Market’s Reaction, BofI Holding, Inc. Really Did Have a Great Quarter” on November 01, 2016.

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.

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