Millennium Management LLC decreased its stake in shares of BofI Holding (NASDAQ:BOFI) by 13.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,809 shares of the financial services provider’s stock after selling 2,203 shares during the period. Millennium Management LLC’s holdings in BofI were worth $413,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Swiss National Bank increased its position in BofI by 3.9% during the fourth quarter. Swiss National Bank now owns 97,500 shares of the financial services provider’s stock worth $2,915,000 after purchasing an additional 3,700 shares during the last quarter. Mesirow Financial Investment Management Equity Management acquired a new position in BofI during the fourth quarter worth approximately $21,991,000. Raymond James Financial Services Advisors Inc. increased its position in BofI by 12.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 22,789 shares of the financial services provider’s stock worth $681,000 after purchasing an additional 2,439 shares during the last quarter. BlackRock Inc. increased its position in BofI by 4.4% during the fourth quarter. BlackRock Inc. now owns 7,929,330 shares of the financial services provider’s stock worth $237,087,000 after purchasing an additional 334,469 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its position in BofI by 3.2% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 68,080 shares of the financial services provider’s stock worth $2,036,000 after purchasing an additional 2,090 shares during the last quarter. 83.05% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently commented on the stock. Stephens set a $46.00 price target on shares of BofI and gave the stock a “buy” rating in a research report on Tuesday, April 10th. BidaskClub downgraded shares of BofI from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 28th. Raymond James reiterated an “outperform” rating and set a $45.00 price objective (up from $42.00) on shares of BofI in a research note on Monday, April 2nd. UBS downgraded shares of BofI from a “strong-buy” rating to an “outperform” rating in a research note on Monday, April 2nd. Finally, DA Davidson boosted their price objective on shares of BofI to $48.00 and gave the stock a “buy” rating in a research note on Thursday, April 5th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $40.63.
BOFI opened at $42.17 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.20 and a debt-to-equity ratio of 0.06. BofI Holding has a 52-week low of $40.82 and a 52-week high of $41.16. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 1.66 and a beta of 0.34.
BofI (NASDAQ:BOFI) last released its quarterly earnings data on Thursday, April 26th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. BofI had a net margin of 28.25% and a return on equity of 17.85%. The company had revenue of $140.21 million during the quarter, compared to the consensus estimate of $134.80 million. During the same period in the previous year, the firm earned $0.63 earnings per share. research analysts predict that BofI Holding will post 2.51 earnings per share for the current fiscal year.
In other news, Director James John Court sold 9,000 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $40.33, for a total value of $362,970.00. Following the completion of the transaction, the director now directly owns 28,856 shares in the company, valued at $1,163,762.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.24% of the stock is currently owned by corporate insiders.
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; and consumer lending products consisting of prime loans to purchase new and used automobiles and recreational vehicles, as well as deposit-related overdraft lines of credit.
Want to see what other hedge funds are holding BOFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BofI Holding (NASDAQ:BOFI).
Receive News & Ratings for BofI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BofI and related companies with MarketBeat.com's FREE daily email newsletter.