BofI Holding (BOFI) : Traders are bullish on BofI Holding (BOFI) as it has outperformed the S&P 500 by a wide margin of 8.65% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.06%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.12% in the last 1 week, and is up 9.77% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 8.12% and the 50-Day Moving Average is 5.32%. BofI Holding (NASDAQ:BOFI): stock turned positive on Friday. Though the stock opened at $17.85, the bulls momentum made the stock top out at $18.36 level for the day. The stock recorded a low of $17.71 and closed the trading day at $18.32, in the green by 3.50%. The total traded volume for the day was 1,294,439. The stock had closed at $17.7 in the previous days trading.
The company Insiders own 6.01% of BofI Holding shares according to the proxy statements. Institutional Investors own 99.69% of BofI Holding shares.
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.