BofI Holding, Inc. Has Another Very Positive Options Trading Session

In today’s session BofI Holding, Inc. (BOFI) registered an unusually high (245) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious BOFI increase. With 245 contracts traded and 2344 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: BOFI161021C00022500 closed last at: $2.7 or 1.9% up. The stock increased 3.00% or $0.62 on April 8, hitting $21.27. BofI Holding, Inc. (NASDAQ:BOFI) has declined 21.05% since September 2, 2015 and is downtrending. It has underperformed by 26.12% the S&P500.

Analysts await BofI Holding, Inc. (NASDAQ:BOFI) to reports earnings on May, 5. They expect $0.58 EPS, up 65.71% or $0.23 from last year’s $0.35 per share. BOFI’s profit will be $37.63 million for 9.17 P/E if the $0.58 EPS becomes reality. After $0.44 actual EPS reported by BofI Holding, Inc. for the previous quarter, Wall Street now forecasts 31.82% EPS growth.

Out of 5 analysts covering Bofl Holding Inc (NASDAQ:BOFI), 5 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $33 is the highest target while $25 is the lowest. The $30.4 average target is 306.68% above today’s ($21.27) stock price. Bofl Holding Inc was the topic in 11 analyst reports since August 5, 2015 according to StockzIntelligence Inc. FBR Capital maintained the stock on November 23 with “Outperform” rating. DA Davidson upgraded the shares of BOFI in a report on October 15 to “Buy” rating.

The institutional sentiment decreased to 1.31 in 2015 Q3. Its down 0.07, from 1.38 in 2015Q2. The ratio worsened, as 31 funds sold all BofI Holding, Inc. shares owned while 60 reduced positions. 39 funds bought stakes while 80 increased positions. They now own 21.54 million shares or 79.98% more from 11.97 million shares in 2015Q2.

Shaker Investments Llc Oh holds 28.3% of its portfolio in BofI Holding, Inc. for 280,267 shares. Davis Capital Partners Llc owns 330,000 shares or 8.53% of their US portfolio. Moreover, Weatherbie Capital Llc has 6.37% invested in the company for 426,552 shares. The Wisconsin-based 1492 Capital Management Llc has invested 6.17% in the stock. Pembroke Management Ltd, a Quebec - Canada-based fund reported 498,584 shares.

BofI Holding, Inc. is the holding firm for BofI Federal Bank (the Bank). The company has a market cap of $1.38 billion. The Bank is a diversified financial services company. It has 13.65 P/E ratio. The Bank provides consumer and business banking products through its branchless, distribution channels and affinity partners.

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