Large Inflow of Money Detected in BofI Holding

BofI Holding (BOFI) : $5.09 million worth of transactions were on upticks in BofI Holding (BOFI), compared to $2.5 million on downticks. The ratio between the two was 2.04, whereas, the net money flow stood at a healthy $2.59 million on Mondays session. The consistent buying on upticks in the stock accounted for $2.16million worth of trades. The total money flow into the stock stood at $2.16 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.6%. The stock was trading at $18.21, with a drop of $0.11 over the previous days close. The stock recorded 1.51% for the week.


Shares of BofI Holding, Inc. rose by 0.72% in the last five trading days and 9.11% for the last 4 weeks. BofI Holding, Inc. is up 3.41% in the last 3-month period. Year-to-Date the stock performance stands at -13.49%.

BofI Holding (NASDAQ:BOFI): The stock opened at $18.35 on Monday but the bulls could not build on the opening and the stock topped out at $18.36 for the day. The stock traded down to $18.00 during the day, due to lack of any buying support eventually closed down at $18.21 with a loss of -0.60% for the day. The stock had closed at $18.32 on the previous day. The total traded volume was 1,060,704 shares.

In a related news, Court James John, director of Bofi Holding, Inc. had purchased 2,000 shares on February 19, 2016 in a transaction. The price per share was $16.76 and the total amount of the disclosed transaction was $33,520.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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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