ValuEngine downgraded shares of BofI (NASDAQ:BOFI) from a buy rating to a hold rating in a research report sent to investors on Wednesday.
A number of other research firms also recently issued reports on BOFI. Zacks Investment Research downgraded shares of BofI from a hold rating to a sell rating in a report on Thursday, June 7th. BidaskClub upgraded shares of BofI from a buy rating to a strong-buy rating in a report on Saturday, June 23rd. Compass Point downgraded shares of BofI from a buy rating to a neutral rating and lowered their target price for the company from $47.00 to $44.00 in a report on Monday, May 21st. Finally, B. Riley boosted their target price on shares of BofI from $45.00 to $47.00 and gave the company a buy rating in a report on Tuesday, June 19th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $41.50.
BofI stock opened at $36.66 on Wednesday. BofI has a 1 year low of $24.20 and a 1 year high of $45.18. The company has a market capitalization of $2.22 billion, a P/E ratio of 14.78, a P/E/G ratio of 1.14 and a beta of 0.24. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.06.
BofI (NASDAQ:BOFI) last released its earnings results on Tuesday, August 7th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.03). BofI had a net margin of 27.87% and a return on equity of 17.79%. The company had revenue of $104.03 million during the quarter, compared to analysts’ expectations of $107.81 million. research analysts predict that BofI will post 3.09 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Financial Gravity Wealth Inc. purchased a new stake in BofI during the first quarter worth approximately $161,000. Winslow Evans & Crocker Inc. purchased a new stake in BofI during the second quarter worth approximately $194,000. SG Americas Securities LLC purchased a new stake in BofI during the first quarter worth approximately $193,000. Windward Capital Management Co. CA purchased a new stake in BofI during the second quarter worth approximately $201,000. Finally, Cetera Advisor Networks LLC purchased a new stake in BofI during the first quarter worth approximately $202,000. Institutional investors own 75.40% of the company’s stock.
BofI Company Profile
BofI Holding, Inc operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; prime loans to customers secured by new and used automobiles; and term unsecured personal loans to individual borrowers, as well as overdraft lines of credit.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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