SG Americas Securities LLC Raises Holdings in BofI Holding, Inc. (BOFI)

SG Americas Securities LLC boosted its holdings in shares of BofI Holding, Inc. (NASDAQ:BOFI) by 194.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 13,993 shares of the financial services provider’s stock after purchasing an additional 9,239 shares during the period. SG Americas Securities LLC’s holdings in BofI were worth $572,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Nomura Asset Management Co. Ltd. purchased a new position in BofI during the 2nd quarter worth $1,446,000. Texas Yale Capital Corp. lifted its stake in shares of BofI by 50.4% in the 2nd quarter. Texas Yale Capital Corp. now owns 14,925 shares of the financial services provider’s stock worth $611,000 after acquiring an additional 5,000 shares during the period. Pier 88 Investment Partners LLC acquired a new stake in shares of BofI in the 2nd quarter worth $624,000. Hennessy Advisors Inc. lifted its stake in shares of BofI by 5.6% in the 2nd quarter. Hennessy Advisors Inc. now owns 95,000 shares of the financial services provider’s stock worth $3,886,000 after acquiring an additional 5,000 shares during the period. Finally, Thrivent Financial for Lutherans lifted its stake in shares of BofI by 4.5% in the 1st quarter. Thrivent Financial for Lutherans now owns 36,263 shares of the financial services provider’s stock worth $1,470,000 after acquiring an additional 1,549 shares during the period. 75.40% of the stock is currently owned by institutional investors.

Shares of NASDAQ BOFI opened at $36.66 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.06. BofI Holding, Inc. has a 52 week low of $24.20 and a 52 week high of $45.18. The stock has a market capitalization of $2.22 billion, a P/E ratio of 14.17, a P/E/G ratio of 1.14 and a beta of 0.24.

BofI (NASDAQ:BOFI) last announced its quarterly earnings data on Tuesday, August 7th. The financial services provider reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.03). BofI had a net margin of 27.87% and a return on equity of 17.79%. The company had revenue of $104.03 million during the quarter, compared to analyst estimates of $107.81 million. research analysts anticipate that BofI Holding, Inc. will post 3.09 EPS for the current fiscal year.

Several research firms have recently commented on BOFI. Zacks Investment Research cut shares of BofI from a “hold” rating to a “sell” rating in a research note on Tuesday, July 3rd. Stephens restated a “buy” rating and issued a $45.00 target price on shares of BofI in a research note on Thursday, August 9th. BidaskClub cut shares of BofI from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 11th. Compass Point cut shares of BofI from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $47.00 to $44.00 in a research note on Monday, May 21st. Finally, ValuEngine cut shares of BofI from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 14th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. BofI currently has an average rating of “Buy” and an average price target of $41.50.

About BofI

BofI Holding, Inc operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; prime loans to customers secured by new and used automobiles; and term unsecured personal loans to individual borrowers, as well as overdraft lines of credit.

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Institutional Ownership by Quarter for BofI (NASDAQ:BOFI)

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