Teachers Advisors LLC Has $2.71 Million Stake in BofI Holding, Inc. (BOFI)
Teachers Advisors LLC increased its stake in BofI Holding, Inc. (NASDAQ:BOFI) by 4.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,864 shares of the financial services provider’s stock after buying an additional 4,296 shares during the period. Teachers Advisors LLC’s holdings in BofI Holding were worth $2,714,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new position in BofI Holding during the first quarter valued at about $135,000. LS Investment Advisors LLC raised its position in BofI Holding by 170.7% in the first quarter. LS Investment Advisors LLC now owns 5,653 shares of the financial services provider’s stock valued at $148,000 after buying an additional 3,565 shares during the last quarter. Howe & Rusling Inc. raised its position in BofI Holding by 13.6% in the first quarter. Howe & Rusling Inc. now owns 5,685 shares of the financial services provider’s stock valued at $149,000 after buying an additional 680 shares during the last quarter. State of Alaska Department of Revenue raised its position in BofI Holding by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 6,360 shares of the financial services provider’s stock valued at $166,000 after buying an additional 130 shares during the last quarter. Finally, Endurance Wealth Management Inc. raised its position in BofI Holding by 6.4% in the first quarter. Endurance Wealth Management Inc. now owns 6,688 shares of the financial services provider’s stock valued at $174,000 after buying an additional 400 shares during the last quarter. Institutional investors own 88.97% of the company’s stock.
BofI Holding, Inc. (BOFI) traded up 0.25% during trading on Tuesday, hitting $27.79. The stock had a trading volume of 83,503 shares. BofI Holding, Inc. has a one year low of $17.71 and a one year high of $32.57. The stock has a 50 day moving average of $25.36 and a 200 day moving average of $25.87. The firm has a market capitalization of $1.77 billion, a P/E ratio of 13.43 and a beta of 0.42.
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Several research firms have recently issued reports on BOFI. BidaskClub upgraded BofI Holding from a “buy” rating to a “strong-buy” rating in a research report on Friday. DA Davidson reiterated a “buy” rating and set a $33.00 price objective on shares of BofI Holding in a report on Monday, June 12th. Zacks Investment Research cut BofI Holding from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, ValuEngine cut BofI Holding from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. BofI Holding has an average rating of “Buy” and a consensus 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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