Davis Capital Partners Llc Decreased Bofi Hldg Inc (NASDAQ:BOFI) Stake By $20.00 Million

May 23, 2018 - By Vivian Park

Investors sentiment increased to 1.29 in 2017 Q4. Its up 0.31, from 0.98 in 2017Q3. It increased, as 21 investors sold BOFI shares while 59 reduced holdings. 38 funds opened positions while 65 raised stakes. 51.03 million shares or 0.73% less from 51.41 million shares in 2017Q3 were reported. Qs Limited Liability Corp reported 260,658 shares or 0.07% of all its holdings. Bank Hapoalim Bm, a Israel-based fund reported 51,429 shares. Spectrum Asset Management (Nb Ca) holds 0.98% or 42,750 shares. Northern, Illinois-based fund reported 769,983 shares. Schwab Charles Management Inc accumulated 267,460 shares or 0.01% of the stock. Cutter Brokerage holds 0.08% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI) for 6,695 shares. Moreover, Thrivent Fincl For Lutherans has 0% invested in BofI Holding, Inc. (NASDAQ:BOFI). New York State Teachers Retirement Sys accumulated 0% or 33,396 shares. The United Kingdom-based Ahl Prns Limited Liability Partnership has invested 0% in BofI Holding, Inc. (NASDAQ:BOFI). California Public Employees Retirement Systems has invested 0.01% in BofI Holding, Inc. (NASDAQ:BOFI). Voya Inv Mngmt Ltd Limited Liability Company stated it has 0.01% in BofI Holding, Inc. (NASDAQ:BOFI). Profund Ltd, Maryland-based fund reported 8,402 shares. The California-based Osterweis Capital Inc has invested 0.26% in BofI Holding, Inc. (NASDAQ:BOFI). Group Incorporated One Trading Lp reported 17,656 shares. 9,628 are held by Da Davidson And.

Since March 8, 2018, it had 0 insider purchases, and 1 sale for $362,959 activity.

Davis Capital Partners Llc decreased its stake in Bofi Hldg Inc (NASDAQ:BOFI) by 25% based on its latest 2018Q1 regulatory filing with the SEC. Davis Capital Partners Llc sold 500,000 shares as the company’s stock rose 36.36% while stock markets declined. The hedge fund held 1.50 million shares of the finance company at the end of 2018Q1, valued at $60.80M, down from 2.00 million at the end of the previous reported quarter. Davis Capital Partners Llc who had been investing in Bofi Hldg Inc for a number of months, seems to be less bullish one the $2.55 billion market cap company. The stock decreased 2.74% or $1.15 during the last trading session, reaching $40.8. About 784,989 shares traded or 24.47% up from the average. BofI Holding, Inc. (NASDAQ:BOFI) has risen 42.81% since May 23, 2017 and is uptrending. It has outperformed by 31.26% the S&P500.

Davis Capital Partners Llc is a California-based hedge fund with more than $314.70 million AUM in November, 2014. Taken from Davis Capital Partners latest Adv, the fund reported to have 3 full and part-time employees. Among which 3 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

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 12.33% above currents $40.8 stock price. BofI Holding had 14 analyst reports since December 21, 2017 according to SRatingsIntel. The firm has “Hold” rating by Compass Point given on Monday, May 21. The rating was downgraded by Raymond James to “Outperform” on Monday, April 2. On Tuesday, March 20 the stock rating was maintained by Stephens with “Buy”. The firm has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. Sandler O’Neill maintained the shares of BOFI in report on Thursday, March 29 with “Buy” rating. The firm has “Hold” rating given on Tuesday, January 30 by Keefe Bruyette & Woods. The rating was maintained by Stephens with “Buy” on Thursday, February 1. Stephens maintained BofI Holding, Inc. (NASDAQ:BOFI) on Tuesday, April 10 with “Buy” rating. As per Wednesday, January 31, the company rating was maintained by Sandler O’Neill. The rating was maintained by FBR Capital on Wednesday, March 7 with “Buy”.

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 $2.55 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.

More notable recent BofI Holding, Inc. (NASDAQ:BOFI) news were published by: Fool.com which released: “Better Buy: BofI Holding, Inc. vs. Bank of America” on May 19, 2018, also Benzinga.com with their article: “5 Biggest Price Target Changes For Tuesday” published on May 22, 2018, Seekingalpha.com published: “BofI Is Inexpensive – Cramer’s Lightning Round (4/30/18)” on May 01, 2018. More interesting news about BofI Holding, Inc. (NASDAQ:BOFI) were released by: Seekingalpha.com and their article: “Verizon Could Go To $50-51 – Cramer’s Lightning Round (5/10/18)” published on May 11, 2018 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For May 22, 2018” with publication date: May 22, 2018.

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

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