BofI Holding, Inc. (BOFI) Holdings Trimmed by Teacher Retirement System of Texas

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Teacher Retirement System of Texas trimmed its position in BofI Holding, Inc. (NASDAQ:BOFI) by 10.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,412 shares of the financial services provider’s stock after selling 1,268 shares during the quarter. Teacher Retirement System of Texas’ holdings in BofI were worth $467,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bfsg LLC lifted its holdings in shares of BofI by 15.6% in the 2nd quarter. Bfsg LLC now owns 11,209 shares of the financial services provider’s stock worth $459,000 after acquiring an additional 1,510 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of BofI by 4.5% in the 1st quarter. Thrivent Financial for Lutherans now owns 36,263 shares of the financial services provider’s stock worth $1,470,000 after acquiring an additional 1,549 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of BofI by 16.5% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,018 shares of the financial services provider’s stock worth $527,000 after acquiring an additional 1,842 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of BofI by 22.6% in the 1st quarter. D.A. Davidson & CO. now owns 11,808 shares of the financial services provider’s stock worth $479,000 after acquiring an additional 2,180 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of BofI by 2.3% in the 1st quarter. Swiss National Bank now owns 99,700 shares of the financial services provider’s stock worth $4,041,000 after acquiring an additional 2,200 shares during the last quarter. Institutional investors own 75.66% of the company’s stock.

BOFI has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of BofI from a “hold” rating to a “sell” rating in a report on Friday, August 10th. BidaskClub upgraded shares of BofI from a “hold” rating to a “buy” rating in a report on Tuesday, July 24th. Compass Point lowered shares of BofI from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $47.00 to $44.00 in a report on Monday, May 21st. Stephens restated a “buy” rating and issued a $45.00 price objective on shares of BofI in a report on Thursday, August 9th. Finally, ValuEngine lowered shares of BofI from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 14th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $41.50.

BofI stock opened at $36.24 on Thursday. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 1.20 and a beta of 0.24. BofI Holding, Inc. has a 52-week low of $24.20 and a 52-week high of $45.18. The company has a current ratio of 1.13, a quick 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 the Zacks’ consensus estimate of $0.61 by ($0.03). The business had revenue of $104.03 million for the quarter, compared to analyst estimates of $107.81 million. BofI had a return on equity of 17.79% and a net margin of 27.87%. equities analysts expect that BofI Holding, Inc. will post 3.09 earnings per share for the current fiscal year.

BofI 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; 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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Institutional Ownership by Quarter for BofI (NASDAQ:BOFI)

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