Could BofI Holding, Inc. Decline After Today’s Tip From Option Traders?

 Could BofI Holding, Inc. Decline After Today's Tip From Option Traders?

In today’s session BofI Holding, Inc. (BOFI) registered an unusually high (62) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious BOFI increase. With 62 contracts traded and 13624 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: BOFI170120C00022500 closed last at: $3 or 3.2% down. About 148,110 shares traded hands. BofI Holding, Inc. (NASDAQ:BOFI) has risen 26.45% since April 26, 2016 and is uptrending. It has outperformed by 21.19% the S&P500.

Analysts await BofI Holding, Inc. (NASDAQ:BOFI) to report earnings on January, 26. They expect $0.48 EPS, up 9.09% or $0.04 from last year’s $0.44 per share. BOFI’s profit will be $30.43M for 13.06 P/E if the $0.48 EPS becomes a reality. After $0.45 actual EPS reported by BofI Holding, Inc. for the previous quarter, Wall Street now forecasts 6.67% 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. Bofl Holding Inc has been the topic of 11 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Raymond James upgraded BofI Holding, Inc. (NASDAQ:BOFI) on Friday, September 4 to “Strong Buy” rating. FBR Capital maintained BofI Holding, Inc. (NASDAQ:BOFI) on Friday, July 31 with “Outperform” rating. The stock of BofI Holding, Inc. (NASDAQ:BOFI) has “Buy” rating given on Thursday, October 15 by DA Davidson. FBR Capital maintained BofI Holding, Inc. (NASDAQ:BOFI) on Monday, November 23 with “Outperform” rating. DA Davidson downgraded BofI Holding, Inc. (NASDAQ:BOFI) on Thursday, August 6 to “Neutral” rating. The stock of BofI Holding, Inc. (NASDAQ:BOFI) has “Buy” rating given on Thursday, October 15 by Sandler O’Neill.

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 increased to 1.17 in 2016 Q2. Its up 0.17, from 1 in 2016Q1. The ratio is positive, 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.
Thrivent For Lutherans holds 27,690 shares or 0% of its portfolio. Davis Capital Prns Ltd Liability Co accumulated 5.12% or 1.67 million shares. Advisors Asset Mgmt has 0% invested in the company for 15,500 shares. Alliancebernstein Lp holds 0% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI) for 96,720 shares. Envestnet Asset accumulated 0% or 12,477 shares. Cortina Asset Management Limited Co accumulated 0.21% or 266,496 shares. Moreover, Cipher Cap Limited Partnership has 0.03% invested in BofI Holding, Inc. (NASDAQ:BOFI) for 28,165 shares. Herndon Capital Management Ltd Llc has 286 shares for 0% of their US portfolio. Shelton Capital Mgmt has invested 0.08% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI). California State Teachers Retirement Sys holds 0% or 125,769 shares in its portfolio. Pacad Investment, a British Columbia – Canada-based fund reported 45,837 shares. Pinebridge Invests Limited Partnership owns 7,277 shares or 0.01% of their US portfolio. Ameriprise accumulated 0.02% or 2.16 million shares. Century Lc accumulated 266,750 shares or 0.52% of the stock. Deere & Co accumulated 64,629 shares or 0.06% of the stock.

Insider Transactions: Since November 22, 2016, the stock had 0 buys, and 1 insider sale for $121,250 net activity. Allrich Theodore C sold $121,250 worth of stock.

BofI Holding, Inc. is the holding firm for BofI Federal Bank (the Bank). The company has a market cap of $1.59 billion. The Bank is a diversified financial services company. It has a 13.22 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 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 published the news titled: “BofI Holding, Inc. Stock Up 10% on Continued Strong Earnings” on August 03, 2016. Fool.com‘s news article titled: “BofI Holding, Inc. Continues Delivering: Is the Short Thesis About to Collapse?” with publication date: August 10, 2016 was also an interesting one.

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