The stock of BofI Holding, Inc. (NASDAQ:BOFI) hit a new 52-week high and has $26.96 target or 8.00% above today’s $24.96 share price. The 8 months bullish chart indicates low risk for the $1.58B company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $26.96 price target is reached, the company will be worth $126.40M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 470,462 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 earnings per share, up 9.09% or $0.04 from last year’s $0.44 per share. BOFI’s profit will be $30.38 million for 13.00 P/E if the $0.48 EPS becomes a reality. After $0.45 actual earnings per share 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. $148 is the highest target while $30 is the lowest. The $86.50 average target is 246.55% above today’s ($24.96) stock price. Bofl Holding Inc has been the topic of 11 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was upgraded by DA Davidson on Thursday, October 15 to “Buy”. Sandler O’Neill upgraded the shares of BOFI in a report on Thursday, October 15 to “Buy” rating. FBR Capital maintained it with “Outperform” rating and $33 target price in Monday, November 23 report. The firm has “Neutral” rating given on Thursday, August 6 by DA Davidson. The stock has “Strong Buy” rating given by Raymond James on Friday, September 4. The stock of BofI Holding, Inc. (NASDAQ:BOFI) has “Outperform” rating given on Friday, July 31 by FBR Capital.
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.
Amer Interest Gru Inc owns 44,195 shares or 0% of their US portfolio. Shaker Limited Liability Co Oh last reported 1.15 million shares in the company. Rice Hall James Associates Ltd Co holds 394,904 shares or 0.4% of its portfolio. Ftb Advsr reported 67 shares or 0% of all its holdings. Quinn Opportunity Prns Ltd Limited Liability Company accumulated 0.29% or 41,520 shares. Oxford Asset Management has invested 0.15% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI). Highbridge Capital Lc last reported 0.01% of its portfolio in the stock. Renaissance Technologies Limited Liability holds 0.01% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI) for 299,000 shares. New Harbor Ltd Limited Liability Company accumulated 0.01% or 500 shares. Thrivent For Lutherans reported 27,690 shares or 0% of all its holdings. Teacher Retirement Of Texas holds 7,895 shares or 0% of its portfolio. Arizona State Retirement last reported 29,824 shares in the company. Royal Bancorp Of Canada accumulated 0.01% or 725,177 shares. Panagora Asset Mngmt, a Massachusetts-based fund reported 69,607 shares. Allianz Asset Mngmt Ag accumulated 832,794 shares or 0.01% 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 had sold 5,000 shares worth $121,250 on Tuesday, November 22.
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.
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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