About BofI Holding (NASDAQ: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. The Bank distributes its deposit products through a range of retail distribution channels, and its deposits consist of demand, savings and time deposits accounts. Its mortgage-backed securities consist primarily of mortgage pass-through securities issued by government-sponsored entities and non-agency collateralized mortgage obligations and pass-through mortgage-backed securities issued by private sponsors.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Banks
- Sub-Industry: Thrifts & Mortgage Finance
- Symbol: NASDAQ:BOFI
- CUSIP: 05566U10
- Web: www.bofiholding.com
- Market Cap: $1.76 billion
- Outstanding Shares: 63,605,000
- 50 Day Moving Avg: $26.97
- 200 Day Moving Avg: $25.18
- 52 Week Range: $17.95 - $32.57
Sales & Book Value:
- Trailing P/E Ratio: 13.34
- Foreward P/E Ratio: 9.97
- P/E Growth: 1.14
- Annual Revenue: $370.3 million
- Price / Sales: 4.74
- Book Value: $13.05 per share
- Price / Book: 2.12
- Net Margins: 29.53%
- Return on Equity: 17.35%
- Return on Assets: 1.61%
- Debt-to-Equity Ratio: 0.07%
- Current Ratio: 1.16%
- Quick Ratio: 1.15%
- Average Volume: 594,145 shs.
- Beta: 0.39
- Short Ratio: 39.13
Frequently Asked Questions for BofI Holding (NASDAQ:BOFI)
What is BofI Holding's stock symbol?
BofI Holding trades on the NASDAQ under the ticker symbol "BOFI."
How were BofI Holding's earnings last quarter?
BofI Holding, Inc. (NASDAQ:BOFI) released its earnings results on Tuesday, April, 25th. The company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.63 by $0.00. The company had revenue of $111.73 million for the quarter, compared to analysts' expectations of $109.89 million. BofI Holding had a return on equity of 17.35% and a net margin of 29.53%. During the same quarter in the previous year, the business posted $0.56 EPS. View BofI Holding's Earnings History.
When will BofI Holding make its next earnings announcement?
Where is BofI Holding's stock going? Where will BofI Holding's stock price be in 2017?
5 brokers have issued 12 month price objectives for BofI Holding's shares. Their predictions range from $30.00 to $39.00. On average, they expect BofI Holding's share price to reach $34.00 in the next twelve months. View Analyst Ratings for BofI Holding.
What are analysts saying about BofI Holding stock?
Here are some recent quotes from research analysts about BofI Holding stock:
- 1. FBR & Co analysts commented, "BOFI remains well positioned for growth and low credit costs, despite a flatter yield curve, as the company has significantly improved its deposit franchise over the past five years from a thrift-like, CD-heavy deposit base, to an attractive core deposit due to expanded deposit product offerings and treasury management capabilities. We expect BOFI will be able to maintain its core deposit funding to support robust loan growth because of its commercially focused deposit base despite industry challenges. This should support robust earnings growth given the bank’s highly efficient structure, which drives above peer profitability. We reiterate our BUY rating and make BOFI our Alpha Generator pick as BOFI trades at 11.9x our 2018 estimate, a 28% discount to peers." (9/29/2017)
- 2. According to Zacks Investment Research, "Bofi Holding is the holding company for Bank of Internet USA, a consumer-focused, nationwide savings bank operating primarily through the Internet from a single location in San Diego, California. They provide a variety of consumer banking services, focusing primarily on gathering retail deposits over the Internet and originating and purchasing multifamily and single family loans for investment. " (7/31/2017)
Who are some of BofI Holding's key competitors?
Some companies that are related to BofI Holding include Popular (BPOP), Grupo Aval Acciones y Valores S.A. (AVAL), Valley National Bancorp (VLY), Washington Federal (WAFD), TCF Financial Corporation (TCF), BancorpSouth (BXS), TCF Financial (TCF), Lloyds Banking Group PLC (LYG), Metro Bank PLC (MTRO), Glacier Bancorp (GBCI), Community Bank System (CBU), Cybg Plc (CYBG), International Bancshares Corporation (IBOC), CVB Financial Corporation (CVBF), Old National Bancorp (ONB), First Midwest Bancorp (FMBI), First Interstate BancSystem (FIBK) and Towne Bank (TOWN).
Who are BofI Holding's key executives?
BofI Holding's management team includes the folowing people:
- Paul J. Grinberg, Independent Chairman of the Board
- Gregory Garrabrants, President, Chief Executive Officer, Director
- Nicholas A. Mosich, Independent Vice Chairman of the Board
- Andrew J. Micheletti, Chief Financial Officer, Executive Vice President
- Eshel Bar-Adon, Executive Vice President, Specialty Finance and Chief Legal Officer
- Thomas M. Constantine, Executive Vice President, Chief Credit Officer of the Bank
- Brian Swanson, Executive Vice President, Chief Lending Officer of the Bank
- James S. Argalas, Independent Director
- John Gary Burke, Independent Director
- James J. Court, Independent Director
Who owns BofI Holding stock?
BofI Holding's stock is owned by many different of institutional and retail investors. Top institutional investors include State Treasurer State of Michigan (1.51%), Summit Creek Advisors LLC (0.70%), APG Asset Management N.V. (0.08%) and Private Asset Management Inc. (0.00%). Company insiders that own BofI Holding stock include Andrew J Micheletti, Gregory Garrabrants, James John Court, Mosich Nick and Theodore C Allrich. View Institutional Ownership Trends for BofI Holding.
Who sold BofI Holding stock? Who is selling BofI Holding stock?
BofI Holding's stock was sold by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan and Private Asset Management Inc.. Company insiders that have sold BofI Holding stock in the last year include Mosich Nick and Theodore C Allrich. View Insider Buying and Selling for BofI Holding.
Who bought BofI Holding stock? Who is buying BofI Holding stock?
BofI Holding's stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V. and Summit Creek Advisors LLC. Company insiders that have bought BofI Holding stock in the last two years include Andrew J Micheletti, Gregory Garrabrants and James John Court. View Insider Buying and Selling for BofI Holding.
How do I buy BofI Holding stock?
Shares of BofI Holding can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is BofI Holding's stock price today?
MarketBeat Community Rating for BofI Holding (NASDAQ BOFI)MarketBeat's community ratings are surveys of what our community members think about BofI Holding and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of BofI Holding stock can currently be purchased for approximately $27.62.
Consensus Ratings for BofI Holding (NASDAQ:BOFI) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 4 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.80)|
|Consensus Price Target: ||$34.00 (23.10% upside)|Consensus Price Target History for BofI Holding (NASDAQ:BOFI)
Analysts' Ratings History for BofI Holding (NASDAQ:BOFI)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/9/2017||Keefe, Bruyette & Woods||Reiterated Rating||Outperform -> Market Perform||$31.00||N/A|
|10/4/2017||Craig Hallum||Reiterated Rating||Buy||$35.00 -> $39.00||N/A|
|9/29/2017||FBR & Co||Reiterated Rating||Buy||$37.00||Low|
|6/12/2017||DA Davidson||Reiterated Rating||Buy||$33.00||Low|
|12/11/2015||Raymond James Financial, Inc.||Lower Price Target||Strong-Buy||$36.25 -> $35.00||N/A|
Earnings History for BofI Holding (NASDAQ:BOFI)Earnings History by Quarter for BofI Holding (NASDAQ BOFI)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|4/25/2017||Q3 2017||$0.63||$0.63||$109.89 million||$111.73 million||View||N/A|
|1/30/2017||Q217||$0.48||$0.50||$91.19 million||$93.06 million||View||N/A|
|10/27/2016||Q117||$0.45||$0.45||$86.52 million||$84.51 million||View||Listen|
|8/2/2016||Q416||$0.46||$0.46||$79.82 million||$86.17 million||View||N/A|
|4/28/2016||Q316||$0.56||$0.56||$75.86 million||$92.90 million||View||Listen|
|1/28/2016||Q216||$0.42||$0.44||$72.94 million||$79.39 million||View||Listen|
|10/29/2015||Q116||$1.51||$1.60||$57.06 million||$68.90 million||View||Listen|
|7/30/2015||Q415||$1.38||$1.54||$53.67 million||$55.29 million||View||Listen|
|4/30/2015||Q315||$1.27||$1.35||$56.23 million||$59.03 million||View||N/A|
|1/29/2015||Q215||$1.22||$1.26||$51.38 million||$54.81 million||View||N/A|
|11/4/2014||Q1 2015||$1.11||$1.20||$46.74 million||$50.12 million||View||N/A|
|8/7/2014||Q214||$1.02||$1.09||$41.26 million||$45.22 million||View||N/A|
|5/6/2014||Q114||$0.97||$1.00||$38.38 million||$40.88 million||View||N/A|
Earnings Estimates for BofI Holding (NASDAQ:BOFI)
2017 EPS Consensus Estimate: $2.71
2018 EPS Consensus Estimate: $2.39
2019 EPS Consensus Estimate: $2.75
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for BofI Holding (NASDAQ:BOFI)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for BofI Holding (NASDAQ:BOFI)
Insider Ownership Percentage: 6.24%Insider Trades by Quarter for BofI Holding (NASDAQ:BOFI)
Institutional Ownership Percentage: 88.15%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|2/24/2017||Mosich Nick||Director||Sell||3,500||$30.57||$106,995.00|| |
|12/13/2016||Mosich Nick||Director||Sell||6,532||$28.48||$186,031.36|| |
|11/29/2016||Theodore C Allrich||Director||Sell||10,000||$25.05||$250,500.00|| |
|11/22/2016||Theodore C Allrich||Director||Sell||5,000||$24.25||$121,250.00|| |
|2/19/2016||James John Court||Director||Buy||2,000||$16.77||$33,540.00|| |
|2/11/2016||Andrew J Micheletti||CFO||Buy||1,000||$13.69||$13,690.00|| |
|12/9/2015||Gregory Garrabrants||CEO||Buy||1,000||$18.47||$18,470.00|| |
|12/8/2015||Gregory Garrabrants||CEO||Buy||2,000||$18.99||$37,980.00|| |
|11/4/2015||Gregory Garrabrants||CEO||Buy||1,605||$93.91||$150,725.55|| |
|11/3/2015||Gregory Garrabrants||CEO||Buy||6,670||$91.40||$609,638.00|| |
|8/25/2015||Edward James Ratinoff||Director||Sell||1,073||$122.25||$131,174.25|| |
|8/18/2015||James John Court||Director||Sell||1,282||$131.55||$168,647.10|| |
|8/13/2015||Theodore C Allrich||Director||Sell||4,319||$130.59||$564,018.21|| |
|12/12/2014||John Gary Burke||Director||Sell||7,100||$77.50||$550,250.00|| |
|11/14/2014||John Gary Burke||Director||Sell||3,801||$80.33||$305,334.33|| |
|6/11/2014||Edward James Ratinoff||Director||Sell||1,988||$77.36||$153,791.68|| |
|9/12/2013||James John Court||Director||Sell||1,569||$63.64||$99,851.16|| |
|8/29/2013||John Gary Burke||Director||Sell||20,000||$64.92||$1,298,400.00|| |
|8/16/2013||Theodore Allrich||Director||Sell||2,000||$68.01||$136,020.00|| |
|8/12/2013||Paul Grinberg||Director||Sell||23,800||$66.55||$1,583,890.00|| |
|11/23/2012||Theodore C Allrich||Director||Sell||5,000||$26.90||$134,500.00|| |
Headline Trends for BofI Holding (NASDAQ:BOFI)
Latest Headlines for BofI Holding (NASDAQ:BOFI)
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BofI Holding (BOFI) Chart for Monday, October, 23, 2017