BofI Holding, Inc. (BOFI) Shares Sold by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. reduced its holdings in BofI Holding, Inc. (NASDAQ:BOFI) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,950 shares of the financial services provider’s stock after selling 100 shares during the quarter. Pinnacle Associates Ltd.’s holdings in BofI Holding were worth $592,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BOFI. Teachers Advisors LLC increased its stake in BofI Holding by 4.4% in the 4th quarter. Teachers Advisors LLC now owns 99,568 shares of the financial services provider’s stock worth $2,843,000 after acquiring an additional 4,201 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in BofI Holding by 1.3% in the 1st quarter. Louisiana State Employees Retirement System now owns 23,500 shares of the financial services provider’s stock worth $614,000 after acquiring an additional 300 shares during the last quarter. State of Alaska Department of Revenue increased its stake in BofI Holding by 2.1% in the 1st quarter. State of Alaska Department of Revenue now owns 6,360 shares of the financial services provider’s stock worth $166,000 after acquiring an additional 130 shares during the last quarter. Nationwide Fund Advisors increased its stake in BofI Holding by 1.8% in the 1st quarter. Nationwide Fund Advisors now owns 329,250 shares of the financial services provider’s stock worth $8,603,000 after acquiring an additional 5,945 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in BofI Holding by 7.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 81,114 shares of the financial services provider’s stock worth $2,119,000 after acquiring an additional 5,361 shares during the last quarter. Institutional investors and hedge funds own 88.22% of the company’s stock.

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BOFI has been the topic of a number of research analyst reports. BidaskClub lowered BofI Holding from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. ValuEngine lowered BofI Holding from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded BofI Holding from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, DA Davidson restated a “buy” rating and issued a $33.00 target price on shares of BofI Holding in a research note on Monday, June 12th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $31.50.

BofI Holding, Inc. (NASDAQ BOFI) opened at 27.07 on Friday. BofI Holding, Inc. has a 12 month low of $17.95 and a 12 month high of $32.57. The stock’s 50 day moving average price is $26.66 and its 200 day moving average price is $25.24. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 13.08 and a beta of 0.40.

BofI Holding 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.

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

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