BofI Holding, Inc. (NASDAQ:BOFI)’s Company Shares Increased 19.61% After High Volatility

The shares of BofI Holding, Inc. (NASDAQ:BOFI) increased by 19.61% in the last 20 days and rose 7.48% in the past 5 trading sessions. BofI Holding, Inc. (NASDAQ:BOFI) shares opened at $22.18 in the last session and had intraday high of $24.13 and low of $22.15 for a higher than normal intra-day volatility. Investors must be careful when trading such stocks.

About 1.53 million shares traded hands or 73.22% up from the average. BofI Holding, Inc. (BOFI) has declined 21.05% since September 8, 2015 and is downtrending. It has underperformed by 26.79% 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 $38.36M for 8.60 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.

The institutional sentiment decreased to 1.31 in Q3 2015. 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.

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.”

BofI Holding, Inc. is the holding firm for BofI Federal Bank (the Bank). The company has a market cap of $1.32 billion. The Bank is a diversified financial services company. It has 12.81 P/E ratio. The Bank provides consumer and business banking products through its branchless, distribution channels and affinity partners.

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