Stevens Capital Management LP Buys 12,962 Shares of BofI Holding, Inc. (BOFI)
Stevens Capital Management LP lifted its stake in shares of BofI Holding, Inc. (NASDAQ:BOFI) by 39.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,693 shares of the financial services provider’s stock after purchasing an additional 12,962 shares during the period. Stevens Capital Management LP owned 0.07% of BofI Holding worth $1,084,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new position in shares of BofI Holding during the 1st quarter worth approximately $135,000. LS Investment Advisors LLC boosted its holdings in shares of BofI Holding by 170.7% during the 1st quarter. LS Investment Advisors LLC now owns 5,653 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 3,565 shares during the last quarter. Endurance Wealth Management Inc. boosted its holdings in shares of BofI Holding by 11.6% during the 2nd quarter. Endurance Wealth Management Inc. now owns 7,463 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 775 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of BofI Holding during the 1st quarter worth approximately $230,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of BofI Holding during the 1st quarter worth approximately $244,000. Institutional investors and hedge funds own 88.22% of the company’s stock.
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BOFI has been the topic of several recent research reports. Zacks Investment Research upgraded BofI Holding from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. BidaskClub cut BofI Holding from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 19th. ValuEngine cut BofI Holding from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Finally, 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. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $31.50.
BofI Holding, Inc. (NASDAQ:BOFI) opened at 27.07 on Friday. BofI Holding, Inc. has a 12-month low of $17.95 and a 12-month high of $32.57. The firm has a market capitalization of $1.72 billion, a PE ratio of 13.08 and a beta of 0.40. The company has a 50-day moving average price of $26.66 and a 200-day moving average price of $25.24.
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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