BofI Holding (BOFI) Receiving Somewhat Favorable News Coverage, Analysis Shows

Media coverage about BofI Holding (NASDAQ:BOFI) has trended somewhat positive on Thursday, according to AlphaOne Sentiment. The research group, a unit of Accern, rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. BofI Holding earned a news impact score of 0.01 on AlphaOne’s scale. AlphaOne also assigned headlines about the financial services provider an impact score of 37 out of 100, meaning that recent press coverage is unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news headlines that may have impacted AlphaOne’s scoring:

BofI Holding (NASDAQ:BOFI) traded up 2.04% on Thursday, hitting $25.54. The stock had a trading volume of 1,068,113 shares. The company has a market capitalization of $1.62 billion, a PE ratio of 13.10 and a beta of 0.23. The company has a 50 day moving average of $27.21 and a 200 day moving average of $26.18. BofI Holding has a 12-month low of $15.29 and a 12-month high of $32.57.

BofI Holding (NASDAQ:BOFI) last released its quarterly earnings data on Monday, January 30th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.02. The company had revenue of $93.06 million for the quarter, compared to analysts’ expectations of $91.19 million. BofI Holding had a net margin of 29.85% and a return on equity of 18.15%. During the same quarter in the prior year, the firm earned $0.44 EPS. On average, equities analysts expect that BofI Holding will post $2.10 earnings per share for the current year.

Several equities research analysts have recently commented on BOFI shares. Zacks Investment Research raised BofI Holding from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Tuesday. DA Davidson reissued a “buy” rating and issued a $34.00 target price on shares of BofI Holding in a research note on Tuesday, April 4th. Finally, FBR & Co reissued an “outperform” rating and issued a $35.00 target price on shares of BofI Holding in a research note on Monday, April 3rd. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. BofI Holding presently has an average rating of “Buy” and an average price target of $30.38.

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In other news, Director Mosich Nick sold 3,500 shares of the stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $30.57, for a total transaction of $106,995.00. Following the transaction, the director now owns 96,520 shares of the company’s stock, valued at approximately $2,950,616.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.34% of the stock is owned by corporate insiders.

BofI Holding Company Profile

BofI Holding, Inc (BofI) is the holding company 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.

5 Day Chart for NASDAQ:BOFI

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