Rothschild Asset Management Inc. Has $1.44 Million Position in BofI Holding, Inc. (NASDAQ:BOFI)
Rothschild Asset Management Inc. lowered its position in shares of BofI Holding, Inc. (NASDAQ:BOFI) by 4.3% during the second quarter, Holdings Channel reports. The institutional investor owned 60,882 shares of the financial services provider’s stock after selling 2,760 shares during the period. Rothschild Asset Management Inc.’s holdings in BofI Holding were worth $1,444,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of BofI Holding during the fourth quarter worth $4,892,000. Teachers Advisors LLC increased its position in shares of BofI Holding by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 99,568 shares of the financial services provider’s stock worth $2,843,000 after buying an additional 4,201 shares in the last quarter. Foundry Partners LLC increased its position in shares of 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. Fox Run Management L.L.C. acquired a new position in shares of BofI Holding during the first quarter worth $452,000. Finally, Louisiana State Employees Retirement System increased its position in shares of 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. 87.91% of the stock is owned by institutional investors and hedge funds.
BofI Holding, Inc. (BOFI) opened at 27.89 on Thursday. BofI Holding, Inc. has a 52 week low of $17.41 and a 52 week high of $32.57. The firm’s 50 day moving average is $24.97 and its 200-day moving average is $25.88. The company has a market cap of $1.77 billion, a P/E ratio of 13.47 and a beta of 0.42.
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A number of equities analysts have weighed in on BOFI shares. Zacks Investment Research raised shares of BofI Holding from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Tuesday, April 18th. ValuEngine downgraded shares of BofI Holding from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. DA Davidson reaffirmed a “buy” rating and set a $33.00 target price on shares of BofI Holding in a research note on Monday, June 12th. Finally, BidaskClub raised shares of BofI Holding from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. BofI Holding currently has a consensus rating of “Buy” and an average 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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