MetLife Investment Advisors LLC boosted its holdings in BofI Holding, Inc. (NASDAQ:BOFI) by 5.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,157 shares of the financial services provider’s stock after acquiring an additional 1,498 shares during the period. MetLife Investment Advisors LLC’s holdings in BofI were worth $1,111,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Gravity Wealth Inc. bought a new position in BofI in the first quarter worth about $161,000. SG Americas Securities LLC bought a new position in BofI in the first quarter worth about $193,000. Winslow Evans & Crocker Inc. bought a new position in BofI in the second quarter worth about $194,000. Windward Capital Management Co. CA bought a new position in BofI in the second quarter worth about $201,000. Finally, Cetera Advisor Networks LLC bought a new position in BofI in the first quarter worth about $202,000. 75.30% of the stock is currently owned by hedge funds and other institutional investors.

BOFI has been the topic of a number of recent research reports. Zacks Investment Research cut shares of BofI from a “hold” rating to a “sell” rating in a report on Thursday, June 7th. B. Riley lifted their price target on BofI from $45.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, June 19th. BidaskClub raised BofI from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 23rd. Finally, ValuEngine cut BofI from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. BofI currently has a consensus rating of “Buy” and a consensus target price of $41.50.

BOFI opened at $34.89 on Thursday. The company has a market cap of $2.25 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 1.16 and a beta of 0.24. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.06. BofI Holding, Inc. has a twelve month low of $24.20 and a twelve month high of $45.18.

BofI (NASDAQ:BOFI) last released its quarterly earnings results on Tuesday, August 7th. The financial services provider reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.03). The business had revenue of $104.03 million for the quarter, compared to the consensus estimate of $107.81 million. BofI had a net margin of 27.87% and a return on equity of 17.79%. analysts anticipate that BofI Holding, Inc. will post 3.07 earnings per share for the current year.

BofI Profile

BofI Holding, Inc operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; prime loans to customers secured by new and used automobiles; and term unsecured personal loans to individual borrowers, as well as overdraft lines of credit.

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Institutional Ownership by Quarter for BofI (NASDAQ:BOFI)

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