BofI Holding (BOFI) Releases Earnings Results, Reports EPS of $0.56 EPS

BofI Holding (BOFI) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $0.56 EPS for the quarter. Analysts had a consensus estimate of $0.56. The company posted revenue of $92.90 million in the period, 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 closed down -0.08 points or -0.41% at $19.43 with 11,06,037 shares getting traded on Wednesday. Post opening the session at $19.53, the shares hit an intraday low of $19.28 and an intraday high of $19.82 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Feb 22, 2016, James John Court (director) purchased 2,000 shares at $16.76 per share price. According to the SEC, on Feb 12, 2016, Andrew J Micheletti (CFO) purchased 1,000 shares at $13.69 per share price. On Dec 10, 2015, Gregory Garrabrants (CEO) purchased 1,000 shares at $18.47 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

BofI Holding

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