Live Price Coverage: BofI Holding, Inc. Just Recorded A Sigfniciant Decline

Live Price Coverage: BofI Holding, Inc. Just Recorded A Sigfniciant Decline

The stock of BofI Holding, Inc. (NASDAQ:BOFI) is a huge mover today! The stock decreased 5.40% or $1.35 during the last trading session, hitting $23.63. About 990,062 shares traded hands. BofI Holding, Inc. (NASDAQ:BOFI) has risen 28.56% since April 27, 2016 and is uptrending. It has outperformed by 23.34% the S&P500.
The move comes after 8 months negative chart setup for the $1.51B company. It was reported on Nov, 30 by Barchart.com. We have $21.74 PT which if reached, will make NASDAQ:BOFI worth $120.80M less.

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 $30.67 million for 12.31 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. Bofl Holding Inc has been the topic of 11 analyst reports since August 5, 2015 according to StockzIntelligence Inc. FBR Capital maintained it with “Outperform” rating and $33 target price in Monday, November 23 report. The stock has “Neutral” rating given by DA Davidson on Thursday, August 6. The stock of BofI Holding, Inc. (NASDAQ:BOFI) has “Outperform” rating given on Friday, July 31 by FBR Capital. The rating was upgraded by Sandler O’Neill to “Buy” on Thursday, October 15. The firm earned “Buy” rating on Thursday, October 15 by DA Davidson. The firm has “Strong Buy” rating by Raymond James given on Friday, September 4.

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 Q2 2016. Its up 0.17, from 1 in 2016Q1. The ratio increased, 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.
Bridgeway Capital Management Inc reported 16,800 shares or 0% of all its holdings. California State Teachers Retirement System holds 0% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI) for 125,769 shares. State Of Wisconsin Invest Board owns 411,943 shares or 0.03% of their US portfolio. Citigroup Incorporated has 29,431 shares for 0% of their US portfolio. Stoneridge Prns Limited Liability Co owns 165,264 shares or 0.44% of their US portfolio. Legal And General Gru Public Ltd Llc has 13,487 shares for 0% of their US portfolio. Shaker Investments Ltd Llc Oh holds 18.48% or 1.15 million shares in its portfolio. Engineers Gate Manager L P has 0.06% invested in the company for 50,820 shares. Shelton Management holds 0.08% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI) for 52,408 shares. Putnam Investments Limited Company reported 337,693 shares or 0.01% of all its holdings. Capstone Asset Mngmt accumulated 0.01% or 24,866 shares. Creative Planning accumulated 129,150 shares or 0.02% of the stock. Blackrock Invest Limited Liability Co reported 251,077 shares or 0.01% of all its holdings. Parametric Port Associate Ltd Com last reported 0% of its portfolio in the stock. Elk Creek Prtnrs Limited Liability Com holds 0.69% or 537,552 shares in its portfolio.

Insider Transactions: Since November 22, 2016, the stock had 0 buys, and 1 insider sale for $121,250 net activity. $121,250 worth of BofI Holding, Inc. (NASDAQ:BOFI) was sold by Allrich Theodore C 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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