Analyst Rating Update on BofI Holding (BOFI)

BofI Holding (NASDAQ:BOFI) : The consensus on BofI Holding (NASDAQ:BOFI) based on 6 analyst recommendation on the company stock is 1.17, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future.

BofI Holding (NASDAQ:BOFI) stock is expected to deviate a maximum of $1.25 from the average target price of $32.9 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $35 and the most muted being $32.

For the current week, the company shares have a recommendation consensus of Buy. Also, Craig-Hallum initiates coverage on BofI Holding (NASDAQ:BOFI) The shares have been rated Buy. The rating by the firm was issued on April 7, 2016.

BofI Holding (NASDAQ:BOFI): stock turned positive on Tuesday. Though the stock opened at $16.01, the bulls momentum made the stock top out at $16.62 level for the day. The stock recorded a low of $15.895 and closed the trading day at $16.34, in the green by 3.94%. The total traded volume for the day was 1,199,961. The stock had closed at $15.72 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Bofi Holding, Inc., Court James John had purchased shares worth of $33,520 in a transaction dated on February 19, 2016. A total of 2,000 shares were purchased at a price of $16.76 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

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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