Analyst Rating Update on BofI Holding (BOFI)

BofI Holding (BOFI) has an average broker rating of 1.17, which is interpreted as a Strong Buy, as rated by 6 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

BofI Holding (BOFI) : The highest level BofI Holding (BOFI) is projected to reach is $35 for the short term and the lowest estimate is at $32. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $32.9 and the possibility the share price can swing is $1.25.

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


BofI Holding (NASDAQ:BOFI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.63 and $15.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.94, notching a gain of 10.43% for the day. The total traded volume was 4,561,725 . The stock had closed at $15.34 on the previous day.

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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