Insider Watch Reporter: Theodore Allrich Unloaded 5,000 Shares of BofI Holding, Inc. (NASDAQ:BOFI)

November 23, 2016 - By Clifton Ray

Insider Watch Reporter: Theodore Allrich Unloaded 5,000 Shares of BofI Holding, Inc. (NASDAQ:BOFI)

Theodore Allrich Insider Sell

5,000 shares of Bofi Holding Inc were unloaded by Theodore Allrich, the corporation’s director. These shares are valued at roughly $121,250 which has been calculated on the basis of the average transactions stock price ($24.3 per each share). Dated November 23, 2016, this shares transaction by Theodore Allrich was revealed in the a document which was filed with the U.S. SEC. It is accessible here. Theodore Allrich now possess 225,076 shares or 0.35% of Bofi Holding Inc’s market cap.

BofI Holding, Inc. (NASDAQ:BOFI) Ratings Coverage

Out of 6 analysts covering Bofl Holding Inc (NASDAQ:BOFI), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $148 is the highest target while $30 is the lowest. The $86.50 average target is 254.51% above today’s ($24.4) stock price. Bofl Holding Inc has been the topic of 11 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Monday, November 23 by FBR Capital. DA Davidson downgraded BofI Holding, Inc. (NASDAQ:BOFI) on Thursday, August 6 to “Neutral” rating. Raymond James upgraded the shares of BOFI in a report on Friday, September 4 to “Strong Buy” rating. The rating was upgraded by Sandler O’Neill to “Buy” on Thursday, October 15. The firm has “Buy” rating given on Thursday, October 15 by DA Davidson. The stock of BofI Holding, Inc. (NASDAQ:BOFI) earned “Outperform” rating by FBR Capital on Friday, July 31.

Insitutional Activity: The institutional sentiment increased to 1.17 in 2016 Q2. Its up 0.17, from 1 in 2016Q1. The ratio improved, as 24 funds sold all BofI Holding, Inc. shares owned while 65 reduced positions. 19 funds bought stakes while 70 increased positions. They now own 58.06 million shares or 6.95% less from 62.39 million shares in 2016Q1.

Qs Investors Limited Liability Corporation has 0.05% invested in the company for 326,439 shares. New Harbor Fin Group Lc has 0.01% invested in the company for 500 shares. Mount Lucas Mngmt L P, a Pennsylvania-based fund reported 7,224 shares. Moreover, Piedmont Inv Advsr Ltd Liability Co has 0% invested in BofI Holding, Inc. (NASDAQ:BOFI) for 205 shares. Rice Hall James & Associates Limited Liability last reported 0.4% of its portfolio in the stock. Nuveen Asset Mngmt Limited Liability accumulated 0.08% or 691,558 shares. Highbridge Mgmt Limited Liability Corp has invested 0.01% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI). Credit Suisse Ag holds 0% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI) for 66,591 shares. Royal State Bank Of Canada holds 0.01% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI) for 725,177 shares. Swiss Bancshares holds 99,300 shares or 0% of its portfolio. Northern Tru Corp owns 826,775 shares or 0% of their US portfolio. Moreover, Wells Fargo Co Mn has 0% invested in BofI Holding, Inc. (NASDAQ:BOFI) for 169,384 shares. Alliancebernstein Lp last reported 96,720 shares in the company. Teachers Advsrs accumulated 96,185 shares or 0% of the stock. Pacific Ridge Capital Prtnrs Limited Liability Corp owns 68,420 shares or 0.55% of their US portfolio.

The stock increased 0.54% or $0.13 during the last trading session, hitting $24.4. About 900,225 shares traded hands. BofI Holding, Inc. (NASDAQ:BOFI) has risen 26.54% since April 21, 2016 and is uptrending. It has outperformed by 21.21% the S&P500.

BofI Holding, Inc. is the holding firm for BofI Federal Bank (the Bank). The company has a market cap of $1.60 billion. The Bank is a diversified financial services company. It has a 12.86 P/E ratio. The Bank provides consumer and business banking products through its branchless, low-cost distribution channels and affinity partners.

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.”

Analysts await BofI Holding, Inc. (NASDAQ:BOFI) to report earnings on January, 26. They expect $0.48 earnings per share, up 9.09% or $0.04 from last year’s $0.44 per share. BOFI’s profit will be $31.48 million for 12.71 P/E if the $0.48 EPS becomes a reality. After $0.45 actual earnings per share reported by BofI Holding, Inc. for the previous quarter, Wall Street now forecasts 6.67% EPS growth.

More news for BofI Holding, Inc. (NASDAQ:BOFI) were recently published by: Fool.com, which released: “Despite Market’s Reaction, BofI Holding, Inc. Really Did Have a Great Quarter” on November 01, 2016. Streetinsider.com‘s article titled: “Form 4 BofI Holding, Inc. For: Nov 22 Filed by: Allrich Theodore C” and published on November 23, 2016 is yet another important article.

BOFI Company Profile

BofI Holding, Inc. (BofI), incorporated on July 6, 1999, is the holding firm 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. The Bank distributes its loan products through its retail, correspondent and wholesale channels, and the loans the Bank retains are primarily first mortgages secured by single family real property and by multifamily real property. The Company’s 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.

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