BofI Holding, Inc. (BOFI) Sets 52-Week High; Strong Momentum for Holders

June 12, 2018 - By Henry Gaston

Investors sentiment decreased to 0.81 in Q1 2018. Its down 0.48, from 1.29 in 2017Q4. It dived, as 20 investors sold BofI Holding, Inc. shares while 90 reduced holdings. 44 funds opened positions while 45 raised stakes. 46.83 million shares or 8.24% less from 51.03 million shares in 2017Q4 were reported.
Point72 Asia (Hong Kong), a Hong Kong-based fund reported 16 shares. Tiaa Cref Investment Mgmt Limited Liability stated it has 0% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI). D E Shaw And holds 0% in BofI Holding, Inc. (NASDAQ:BOFI) or 37,738 shares. Fred Alger reported 901,797 shares. Point72 Asset Mngmt L P reported 0% in BofI Holding, Inc. (NASDAQ:BOFI). Fort Point Capital Prns Limited accumulated 5,100 shares. Parallax Volatility Advisers Lp invested in 0% or 55,100 shares. Moreover, Connors Investor Svcs Inc has 0.58% invested in BofI Holding, Inc. (NASDAQ:BOFI). State Of Wisconsin Invest Board, Wisconsin-based fund reported 310,900 shares. Advisory Networks, Georgia-based fund reported 2,169 shares. Cetera Advisor Netwr Ltd Llc reported 5,003 shares. Miles Cap stated it has 7,234 shares. Brookstone Capital Mgmt holds 0.03% or 7,228 shares in its portfolio. Systematic L P has 0.03% invested in BofI Holding, Inc. (NASDAQ:BOFI). Voya Management Ltd Liability Corporation has 47,552 shares.

Since March 8, 2018, it had 0 insider purchases, and 2 sales for $2.73 million activity. Another trade for 9,000 shares valued at $362,959 was made by COURT JAMES JOHN on Thursday, March 8.

The stock of BofI Holding, Inc. (NASDAQ:BOFI) hit a new 52-week high and has $48.03 target or 9.00 % above today’s $44.06 share price. The 8 months bullish chart indicates low risk for the $2.76 billion company. The 1-year high was reported on Jun, 12 by Barchart.com. If the $48.03 price target is reached, the company will be worth $248.04 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.16% or $0.07 during the last trading session, reaching $44.06. About 114,742 shares traded. BofI Holding, Inc. (NASDAQ:BOFI) has risen 80.92% since June 12, 2017 and is uptrending. It has outperformed by 68.35% the S&P500.

Analysts await BofI Holding, Inc. (NASDAQ:BOFI) to report earnings on July, 26. They expect $0.62 earnings per share, up 26.53 % or $0.13 from last year’s $0.49 per share. BOFI’s profit will be $38.78 million for 17.77 P/E if the $0.62 EPS becomes a reality. After $0.80 actual earnings per share reported by BofI Holding, Inc. for the previous quarter, Wall Street now forecasts -22.50 % negative EPS growth.

BofI Holding, Inc. (NASDAQ:BOFI) Ratings Coverage

Among 7 analysts covering BofI Holding (NASDAQ:BOFI), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. BofI Holding has $4800 highest and $35.0 lowest target. $45.83’s average target is 4.02% above currents $44.06 stock price. BofI Holding had 14 analyst reports since December 21, 2017 according to SRatingsIntel. The stock has “Buy” rating by Stephens on Tuesday, April 10. The company was downgraded on Monday, May 21 by Compass Point. FBR Capital maintained the stock with “Buy” rating in Wednesday, January 31 report. The company was maintained on Wednesday, January 31 by Sandler O’Neill. Sandler O’Neill maintained it with “Buy” rating and $35.0 target in Tuesday, January 9 report. The firm has “Buy” rating by FBR Capital given on Wednesday, March 7. The firm earned “Hold” rating on Thursday, December 21 by Keefe Bruyette & Woods. The rating was maintained by Stephens on Thursday, February 1 with “Buy”. Stephens maintained the stock with “Buy” rating in Tuesday, March 20 report. The firm has “Buy” rating given on Thursday, March 29 by Sandler O’Neill.

More important recent BofI Holding, Inc. (NASDAQ:BOFI) news were published by: Fool.com which released: “BofI Holding Stock Is Expensive: Here’s Why It’s Still a Buy” on May 31, 2018, also Fool.com published article titled: “Forget Penny Stocks, Your Money Is Better Off in These 3 Companies”, Fool.com published: “Better Buy: BofI Holding, Inc. vs. Bank of America” on May 19, 2018. More interesting news about BofI Holding, Inc. (NASDAQ:BOFI) was released by: Fool.com and their article: “Where Will BofI Holding Be in 10 Years?” with publication date: May 20, 2018.

BofI Holding, Inc. operates as the holding firm for BofI Federal Bank that provides consumer and business banking products in the United States. The company has market cap of $2.76 billion. The firm offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It has a 19.34 P/E ratio. 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.

BofI Holding, Inc. (NASDAQ:BOFI) Ratings Chart

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