Ladenburg Thalmann Financial Services Inc. raised its stake in BofI Holding, Inc. (NASDAQ:BOFI) by 18.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,648 shares of the company’s stock after buying an additional 1,041 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in BofI Holding were worth $189,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC boosted its position in BofI Holding by 334.1% in the fourth quarter. AQR Capital Management LLC now owns 64,545 shares of the company’s stock valued at $1,843,000 after buying an additional 49,676 shares during the last quarter. William Blair Investment Management LLC boosted its position in BofI Holding by 24.5% in the fourth quarter. William Blair Investment Management LLC now owns 214,912 shares of the company’s stock valued at $6,136,000 after buying an additional 42,333 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in BofI Holding by 180.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 9,250 shares of the company’s stock valued at $264,000 after buying an additional 5,953 shares during the last quarter. Tyers Asset Management LLC acquired a new position in BofI Holding during the fourth quarter valued at approximately $1,201,000. Finally, Menta Capital LLC acquired a new position in BofI Holding during the fourth quarter valued at approximately $1,010,000. Institutional investors and hedge funds own 89.69% of the company’s stock.
BofI Holding, Inc. (NASDAQ:BOFI) opened at 28.65 on Tuesday. The stock has a 50 day moving average price of $29.62 and a 200-day moving average price of $25.53. BofI Holding, Inc. has a 12-month low of $15.29 and a 12-month high of $32.57. The stock has a market capitalization of $1.82 billion, a PE ratio of 14.70 and a beta of 0.23.
BofI Holding (NASDAQ:BOFI) last announced its earnings results on Monday, January 30th. The company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.02. BofI Holding had a return on equity of 18.15% and a net margin of 29.85%. During the same period in the previous year, the company posted $0.44 EPS. On average, equities analysts anticipate that BofI Holding, Inc. will post $2.10 earnings per share for the current fiscal year.
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Several research firms recently commented on BOFI. Zacks Investment Research cut BofI Holding from a “buy” rating to a “hold” rating in a research report on Friday, February 3rd. Stephens began coverage on BofI Holding in a research report on Wednesday, November 23rd. They set an “overweight” rating and a $30.00 target price for the company. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $30.98.
In related news, Director Mosich Nick sold 3,500 shares of the firm’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $30.57, for a total value of $106,995.00. Following the transaction, the director now directly owns 96,520 shares of the company’s stock, valued at approximately $2,950,616.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.34% of the stock is currently owned by company insiders.
About BofI Holding
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.
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