Creative Planning increased its position in BofI Holding, Inc. (NASDAQ:BOFI) by 1.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 106,894 shares of the financial services provider’s stock after buying an additional 1,476 shares during the period. Creative Planning owned 0.17% of BofI Holding worth $2,536,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Howe & Rusling Inc. boosted its position in BofI Holding by 13.6% in the first quarter. Howe & Rusling Inc. now owns 5,685 shares of the financial services provider’s stock worth $149,000 after buying an additional 680 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in BofI Holding by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 23,500 shares of the financial services provider’s stock worth $614,000 after buying an additional 300 shares in the last quarter. Fox Run Management L.L.C. bought a new position in BofI Holding during the first quarter worth about $452,000. Private Asset Management Inc. bought a new position in BofI Holding during the first quarter worth about $1,115,000. Finally, Foundry Partners LLC boosted its position in BofI Holding by 2.7% in the first quarter. Foundry Partners LLC now owns 17,082 shares of the financial services provider’s stock worth $446,000 after buying an additional 457 shares in the last quarter. 87.91% of the stock is owned by institutional investors and hedge funds.
Shares of BofI Holding, Inc. (NASDAQ BOFI) traded up 1.32% on Tuesday, hitting $27.73. 456,832 shares of the company traded hands. The company has a market capitalization of $1.76 billion, a PE ratio of 13.40 and a beta of 0.42. The stock’s 50-day moving average price is $24.59 and its 200-day moving average price is $25.89. BofI Holding, Inc. has a 12 month low of $17.22 and a 12 month high of $32.57.
A number of research analysts have issued reports on the stock. Zacks Investment Research cut shares of BofI Holding from a “hold” rating to a “sell” rating in a report on Monday, July 31st. BidaskClub raised shares of BofI Holding from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. DA Davidson reaffirmed a “buy” rating and issued a $33.00 price target on shares of BofI Holding in a report on Monday, June 12th. Finally, ValuEngine cut shares of BofI Holding from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $30.18.
BofI Holding 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.
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