Davis Capital Partners buys $27.1 Million stake in BofI Holding (BOFI)

BofI Holding (BOFI) : Davis Capital Partners scooped up 150,000 additional shares in BofI Holding during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 1,570,000 shares of BofI Holding which is valued at $27.1 Million.BofI Holding makes up approximately 4.93% of Davis Capital Partners’s portfolio.

Other Hedge Funds, Including , Mazama Capital Management Inc sold out all of its stake in BOFI during the most recent quarter. The investment firm sold 1,812 shares of BOFI which is valued $31,329. New Amsterdam Partnersny sold out all of its stake in BOFI during the most recent quarter. The investment firm sold 137,020 shares of BOFI which is valued $2.4 Million.Spot Trading L.l.c reduced its stake in BOFI by selling 3,220 shares or 15.77% in the most recent quarter. The Hedge Fund company now holds 17,204 shares of BOFI which is valued at $297,457. BofI Holding makes up approx 0.04% of Spot Trading L.l.c’s portfolio.Los Angeles Capital Management Equity Research Inc reduced its stake in BOFI by selling 111,090 shares or 85.56% in the most recent quarter. The Hedge Fund company now holds 18,742 shares of BOFI which is valued at $356,473.New York State Common Retirement Fund boosted its stake in BOFI in the latest quarter, The investment management firm added 1,432 additional shares and now holds a total of 184,964 shares of BofI Holding which is valued at $3.5 Million. BofI Holding makes up approx 0.01% of New York State Common Retirement Fund’s portfolio.

BofI Holding opened for trading at $17.65 and hit $17.96 on the upside on Friday, eventually ending the session at $17.63, with a gain of 0.51% or 0.09 points. The heightened volatility saw the trading volume jump to 10,96,941 shares. Company has a market cap of $1,111,765 M.

On the company’s financial health, BofI Holding reported $0.56 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $0.56. The company had revenue of $92.90 million for the quarter, compared to analysts expectations of $96.87 million. The company’s revenue was up 57.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 EPS.

Many Wall Street Analysts have commented on BofI Holding. BofI Holding was Initiated by Craig Hallum to “Buy” on Apr 8, 2016.

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 distribution channels and affinity partners. The Bank has deposit and loan customers across the nation 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.

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