MetLife Investment Advisors LLC cut its stake in shares of BofI Holding, Inc. (NASDAQ:BOFI) by 8.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,659 shares of the financial services provider’s stock after selling 2,505 shares during the period. MetLife Investment Advisors LLC’s holdings in BofI were worth $1,040,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Earnest Partners LLC acquired a new position in BofI during the fourth quarter valued at approximately $108,000. Financial Gravity Wealth Inc. acquired a new position in BofI during the first quarter valued at approximately $161,000. SG Americas Securities LLC acquired a new position in BofI during the first quarter valued at approximately $193,000. Cetera Advisor Networks LLC acquired a new position in BofI during the first quarter valued at approximately $202,000. Finally, Barings LLC acquired a new position in BofI during the first quarter valued at approximately $211,000. 78.03% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on BOFI shares. Raymond James reissued an “outperform” rating and set a $45.00 price target (up from $42.00) on shares of BofI in a research report on Monday, April 2nd. Zacks Investment Research upgraded BofI from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Tuesday, April 3rd. UBS Group lowered BofI from a “strong-buy” rating to an “outperform” rating in a research note on Monday, April 2nd. Compass Point lowered BofI from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $47.00 to $44.00 in a research note on Monday, May 21st. Finally, ValuEngine upgraded BofI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $41.60.
NASDAQ:BOFI opened at $42.93 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.20. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 1.71 and a beta of 0.31. BofI Holding, Inc. has a 12-month low of $22.71 and a 12-month high of $45.18.
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, beating the consensus estimate of $0.79 by $0.01. The firm had revenue of $140.21 million for the quarter, compared to analyst estimates of $134.80 million. BofI had a return on equity of 17.85% and a net margin of 28.25%. During the same quarter in the prior year, the company earned $0.63 earnings per share. equities research analysts predict that BofI Holding, Inc. will post 2.51 EPS for the current fiscal year.
In other news, Director John Gary Burke sold 57,539 shares of the stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $41.16, for a total transaction of $2,368,305.24. Following the transaction, the director now owns 1,809,856 shares in the company, valued at $74,493,672.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.24% of the stock is currently owned by company 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.
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