Craig Hallum reiterated their buy rating on shares of BofI Holding, Inc. (NASDAQ:BOFI) in a report published on Wednesday morning. They currently have a $39.00 target price on the financial services provider’s stock, up from their prior target price of $35.00.

Several other research analysts also recently weighed in on BOFI. BidaskClub upgraded shares of BofI Holding from a buy rating to a strong-buy rating in a report on Friday, August 11th. FBR & Co reiterated a buy rating and issued a $37.00 target price on shares of BofI Holding in a report on Friday, September 29th. ValuEngine downgraded shares of BofI Holding from a strong-buy rating to a buy rating in a report on Thursday, August 24th. Zacks Investment Research downgraded shares of BofI Holding from a hold rating to a sell rating in a report on Monday, July 31st. Finally, DA Davidson restated a buy rating and set a $33.00 price objective on shares of BofI Holding in a report on Monday, June 12th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $34.75.

Shares of BofI Holding (BOFI) traded down 0.57% during midday trading on Wednesday, reaching $27.92. 365,948 shares of the company’s stock traded hands. The firm has a market cap of $1.78 billion, a PE ratio of 13.49 and a beta of 0.39. The company has a 50 day moving average of $26.72 and a 200 day moving average of $25.16. BofI Holding has a 52-week low of $17.95 and a 52-week high of $32.57.

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Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its stake in shares of BofI Holding by 2.1% during the second quarter. BlackRock Inc. now owns 7,591,710 shares of the financial services provider’s stock worth $180,074,000 after acquiring an additional 152,757 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of BofI Holding by 2.3% in the second quarter. Vanguard Group Inc. now owns 5,550,221 shares of the financial services provider’s stock worth $131,652,000 after buying an additional 122,322 shares during the period. State Street Corp increased its stake in shares of BofI Holding by 4.3% in the second quarter. State Street Corp now owns 1,439,590 shares of the financial services provider’s stock worth $34,147,000 after buying an additional 58,774 shares during the period. Bank of New York Mellon Corp increased its stake in shares of BofI Holding by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 993,233 shares of the financial services provider’s stock worth $23,560,000 after buying an additional 24,314 shares during the period. Finally, Northern Trust Corp increased its stake in shares of BofI Holding by 3.4% in the second quarter. Northern Trust Corp now owns 823,146 shares of the financial services provider’s stock worth $19,525,000 after buying an additional 27,080 shares during the period. 88.15% of the stock is currently owned by hedge funds and other institutional investors.

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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