Nisa Investment Advisors LLC cut its position in shares of BofI Holding, Inc. (NASDAQ:BOFI) by 25.9% during the second quarter, Holdings Channel reports. The institutional investor owned 10,000 shares of the financial services provider’s stock after selling 3,500 shares during the period. Nisa Investment Advisors LLC’s holdings in BofI Holding were worth $237,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Great West Life Assurance Co. Can increased its position in BofI Holding by 7.1% in the first quarter. Great West Life Assurance Co. Can now owns 81,114 shares of the financial services provider’s stock valued at $2,119,000 after buying an additional 5,361 shares during the period. Emerald Advisers Inc. PA increased its position in BofI Holding by 3.6% in the first quarter. Emerald Advisers Inc. PA now owns 1,391,085 shares of the financial services provider’s stock valued at $36,349,000 after buying an additional 48,049 shares during the period. Emerald Mutual Fund Advisers Trust increased its position in BofI Holding by 8.1% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 1,354,436 shares of the financial services provider’s stock valued at $35,391,000 after buying an additional 101,528 shares during the period. K.J. Harrison & Partners Inc increased its position in BofI Holding by 233.3% in the first quarter. K.J. Harrison & Partners Inc now owns 25,000 shares of the financial services provider’s stock valued at $653,000 after buying an additional 17,500 shares during the period. Finally, Nationwide Fund Advisors increased its position in BofI Holding by 1.8% in the first quarter. Nationwide Fund Advisors now owns 329,250 shares of the financial services provider’s stock valued at $8,603,000 after buying an additional 5,945 shares during the period. Institutional investors and hedge funds own 88.97% of the company’s stock.

BofI Holding, Inc. (NASDAQ BOFI) traded up 0.65% during trading on Tuesday, reaching $27.90. 295,052 shares of the company’s stock traded hands. The stock has a market capitalization of $1.77 billion, a P/E ratio of 13.48 and a beta of 0.42. BofI Holding, Inc. has a 12 month low of $17.71 and a 12 month high of $32.57. The company has a 50-day moving average of $25.36 and a 200 day moving average of $25.87.

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Several equities analysts have weighed in on BOFI shares. Zacks Investment Research upgraded shares of BofI Holding from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Tuesday, April 18th. DA Davidson restated a “buy” rating and set a $33.00 target price on shares of BofI Holding in a report on Monday, June 12th. ValuEngine downgraded shares of BofI Holding from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub upgraded shares of BofI Holding from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $30.18.

About BofI Holding

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

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