Analysis: Bofl Holding Inc (NASDAQ:BOFI) Upside Target Change Today
In analysts report made public by Raymond James on 11 December, the firm, Bofl Holding Inc (NASDAQ:BOFI), had their price target cut to $35.00. Analusts right now have a solid Strong Buy rating on the stock.
From a total of 5 analysts covering Bofl Holding Inc (NASDAQ:BOFI) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is $35 while the lowest target price is $30. The mean of all analyst targets is $32.6 with a 454.66% above today’s ($18.9) stock price. Bofl Holding Inc was the topic of 10 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. FBR Capital maintained shares on November 23 with “Outperform” rating. DA Davidson downgraded shares to “Neutral” rating and $143 target share price in a report from an August 6. DA Davidson upgraded BOFI stock in a recent report from October 15 to “Buy” rating.
Approximately 790,994 shares of stock traded hands. BofI Holding, Inc. (NASDAQ:BOFI) has declined 77.97% since May 8, 2015 and is downtrending. It has underperformed by 74.95% the S&P500.
The overall sentiment of institutions has decreased to 1.31 in Q2 2015. Its down 0.07, from 1.38 in 2015Q2. The ratio is negative, as 31 institutions have sold all the shares of BofI Holding, Inc. that they owned while 60 funds have taken shares off the table. 39 funds have purchased shares for the first time while 80 added to their positions. These institutions now hold 21.54 million shares or 79.98% more than the 11.97 million shares they owned in 2015Q2.
The Fund Shaker Investments Llc Oh currently is holding shares equating to 28.3% of its total portfolio in BofI Holding, Inc. representing a total of 280,267 shares. Another fund,Davis Capital Partners Llc, is holding a total of 330,000 shares equating to 8.53% of their holdings. Additionally, Weatherbie Capital Llc has a 426,552 share stake in BofI Holding, Inc. which represents 6.37% of their total portfolio. The Fund, 1492 Capital Management Llc, based out of Wisconsin, has also built up a stake in the stock, which represents a total of 6.17% of their total portfolio. Finally Pembroke Management Ltd, a fund which is based in the state of Quebec – Canada reported a total holdings of 498,584 shares.
Insider activity is a very important aspect to track on any stock. Going back to August 10, 2015, shareholders of BofI Holding, Inc. have witnessed 0 insider buys, and a total of 6 sales equating to a net activity of approximately $5.04 million . Ratinoff Edward James sold 927 shares worth approximately $112,538. Court James John sold 1,282 shares worth approximately $168,647. Allrich Theodore C sold 4,319 shares worth approximately $563,997. Micheletti Andrew J sold 19,000 shares worth approximately $2.48 million. The company insider Grinberg Paul sold 12,204 shares worth $1.59 million.
BofI Holding, Inc. is the holding firm for BofI Federal Bank (the Bank). The company has a market cap of $1.26 billion. The Bank is a diversified financial services company. It has 13.13 P/E ratio. The Bank provides consumer and business banking products through its branchless, distribution channels and affinity partners.
According to Zacks Investment Research, “Bofi Holding is the holding company for Bank of Internet USA, a consumer-focused, nationwide savings bank operating primarily through the Internet from a single location in San Diego, California. They provide a variety of consumer banking services, focusing primarily on gathering retail deposits over the Internet and originating and purchasing multifamily and single family loans for investment.” Get a free copy of the Zacks research report on BofI Holding, Inc. (BOFI).