Analyst Price Target Update on BofI Holding (NASDAQ:BOFI)

BofI Holding (NASDAQ:BOFI) should head towards $32.9 per share according to 5 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $32 per share. The higher price estimate target is at $35 according to the Analysts.

Many analysts have stated their opinion on the company shares. Craig-Hallum initiates coverage on BofI Holding (NASDAQ:BOFI).The analysts at the brokerage house have a current rating of Buy on the shares. The rating by the firm was issued on April 7, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, 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 (NASDAQ:BOFI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.3 points or 1.6% at $18.45 with 1,062,394 shares getting traded. Post opening the session at $18.56, the shares hit an intraday low of $18.36 and an intraday high of $18.8 and the price was in this range throughout the day. The company has a market cap of $1,163 million and the number of outstanding shares have been calculated to be 63,060,732 shares. The 52-week high of BofI Holding (NASDAQ:BOFI) is $35.98 and the 52-week low is $13.47.

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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