Somewhat Positive News Coverage Somewhat Unlikely to Affect BofI (NASDAQ:BOFI) Share Price

Media headlines about BofI (NASDAQ:BOFI) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. BofI earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 45.4963453593113 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

BofI (BOFI) opened at $31.57 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.13 and a quick ratio of 1.13. BofI has a one year low of $21.60 and a one year high of $32.57. The company has a market cap of $2,009.63, a PE ratio of 14.82, a P/E/G ratio of 1.29 and a beta of 0.39.

BofI (NASDAQ:BOFI) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. BofI had a net margin of 29.36% and a return on equity of 17.00%. The business had revenue of $93.89 million for the quarter, compared to the consensus estimate of $94.93 million. During the same period in the prior year, the company posted $0.45 earnings per share. BofI’s revenue was up 11.1% compared to the same quarter last year. research analysts anticipate that BofI will post 2.46 EPS for the current fiscal year.

Several equities analysts have commented on the stock. BidaskClub upgraded shares of BofI from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 3rd. Zacks Investment Research downgraded shares of BofI from a “buy” rating to a “hold” rating in a report on Friday, December 29th. FBR & Co reiterated a “buy” rating and issued a $37.00 price objective on shares of BofI in a report on Friday, September 29th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $30.00 price objective on shares of BofI in a report on Thursday, October 26th. Finally, Craig Hallum reiterated a “buy” rating and issued a $39.00 price objective (up from $35.00) on shares of BofI in a report on Wednesday, October 4th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $35.00.

In other news, Director Edward James Ratinoff sold 7,540 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $26.80, for a total value of $202,072.00. Following the completion of the transaction, the director now owns 29,600 shares of the company’s stock, valued at $793,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mosich Nick sold 18,308 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $27.75, for a total transaction of $508,047.00. Following the completion of the transaction, the director now directly owns 83,018 shares of the company’s stock, valued at approximately $2,303,749.50. The disclosure for this sale can be found here. Corporate insiders own 6.24% of the company’s stock.

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BofI Company Profile

BofI Holding, Inc (BofI) is the holding company for BofI Federal Bank (the Bank). The Bank is a diversified financial services company. The Bank provides consumer and business banking products through its branchless, low-cost distribution channels and affinity partners. The Bank has deposit and loan customers, including consumer and business checking, savings and time deposit accounts and financing for single family and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables.

Insider Buying and Selling by Quarter for BofI (NASDAQ:BOFI)

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