SG Americas Securities LLC purchased a new stake in BofI Holding, Inc. (NASDAQ:BOFI) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,572 shares of the financial services provider’s stock, valued at approximately $329,000.

Other institutional investors have also made changes to their positions in the company. Municipal Employees Retirement System of Michigan lifted its stake in shares of BofI by 54.8% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 21,070 shares of the financial services provider’s stock valued at $600,000 after purchasing an additional 7,460 shares during the last quarter. Scout Investments Inc. lifted its stake in shares of BofI by 77.8% in the 2nd quarter. Scout Investments Inc. now owns 116,400 shares of the financial services provider’s stock valued at $2,761,000 after purchasing an additional 50,950 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of BofI by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,550,221 shares of the financial services provider’s stock valued at $131,652,000 after purchasing an additional 122,322 shares during the last quarter. Prudential PLC lifted its stake in shares of BofI by 15.9% in the 2nd quarter. Prudential PLC now owns 718,500 shares of the financial services provider’s stock valued at $17,043,000 after purchasing an additional 98,700 shares during the last quarter. Finally, JCSD Capital LLC lifted its stake in shares of BofI by 50.0% in the 2nd quarter. JCSD Capital LLC now owns 105,000 shares of the financial services provider’s stock valued at $2,491,000 after purchasing an additional 35,000 shares during the last quarter. 84.40% of the stock is currently owned by institutional investors and hedge funds.

BofI Holding, Inc. (NASDAQ BOFI) opened at $28.17 on Friday. BofI Holding, Inc. has a 12 month low of $21.60 and a 12 month high of $32.57. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1,733.36, a PE ratio of 12.84, a P/E/G ratio of 1.14 and a beta of 0.39.

BofI (NASDAQ:BOFI) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. BofI had a return on equity of 17.00% and a net margin of 29.36%. The firm had revenue of $93.89 million for the quarter, compared to analyst estimates of $94.93 million. During the same quarter in the prior year, the company earned $0.45 EPS. BofI’s revenue was up 11.1% on a year-over-year basis. analysts forecast that BofI Holding, Inc. will post 2.38 earnings per share for the current year.

In other BofI news, Director Mosich Nick sold 18,308 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $27.75, for a total transaction of $508,047.00. Following the sale, the director now owns 83,018 shares in the company, valued at approximately $2,303,749.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Edward James Ratinoff sold 7,540 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $26.80, for a total value of $202,072.00. Following the sale, the director now owns 29,600 shares in the company, valued at approximately $793,280. The disclosure for this sale can be found here. 6.24% of the stock is currently owned by corporate insiders.

Several brokerages have recently commented on BOFI. FBR & Co reaffirmed a “buy” rating and issued a $37.00 price target on shares of BofI in a research note on Friday, September 29th. Craig Hallum reissued a “buy” rating and set a $39.00 target price (up previously from $35.00) on shares of BofI in a research note on Wednesday, October 4th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $31.00 target price on shares of BofI in a research note on Monday, October 9th. Zacks Investment Research raised BofI from a “sell” rating to a “hold” rating in a research note on Monday, December 4th. Finally, BidaskClub raised BofI from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $34.50.

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About BofI

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 (NASDAQ:BOFI)

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