Brokerage Firm Rating Update on BofI Holding (BOFI)

BofI Holding (BOFI) : Zacks Investment Research ranks BofI Holding (BOFI) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. The average broker rating of 6 research analysts is 1.17, which indicates as a Strong Buy.

BofI Holding (BOFI) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $35 and the lowest price target forecast is $32. The average forecast of all the analysts is $32.9 and the expected standard deviation is $1.25.


For the current week, the company shares have a recommendation consensus of Buy.

BofI Holding (NASDAQ:BOFI): stock was range-bound between the intraday low of $21.495 and the intraday high of $22.24 after having opened at $22.03 on Wednesdays session. The stock finally closed in the red at $22.03, a loss of -2.26%. The stock remained in the red for the whole trading day. The total traded volume was 994,846 shares. The stock failed to cross $22.24 in Wednesdays trading. The stocks closing price on Thursday was $22.1.

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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