Davis Capital Partners buys $44,128,500 stake in BofI Holding (BOFI)

BofI Holding (BOFI) : Davis Capital Partners scooped up 155,000 additional shares in BofI Holding during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,825,000 shares of BofI Holding which is valued at $44,128,500.BofI Holding makes up approximately 6.09% of Davis Capital Partners’s portfolio.

Other Hedge Funds, Including , Envestnet Asset Management Inc reduced its stake in BOFI by selling 9,180 shares or 73.58% in the most recent quarter. The Hedge Fund company now holds 3,297 shares of BOFI which is valued at $79,721.Emerald Acquisition Ltd. reduced its stake in BOFI by selling 47,813 shares or 12.77% in the most recent quarter. The Hedge Fund company now holds 326,677 shares of BOFI which is valued at $6,595,609. BofI Holding makes up approx 0.01% of Emerald Acquisition Ltd.’s portfolio.Advisor Group boosted its stake in BOFI in the latest quarter, The investment management firm added 7,954 additional shares and now holds a total of 21,041 shares of BofI Holding which is valued at $424,818. BofI Holding makes up approx 0.01% of Advisor Group’s portfolio.

BofI Holding opened for trading at $22.79 and hit $23.645 on the upside on Monday, eventually ending the session at $23.49, with a gain of 3.62% or 0.82 points. The heightened volatility saw the trading volume jump to 9,72,104 shares. Company has a market cap of $1,487 M.

On the company’s financial health, BofI Holding reported $0.45 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Oct 27, 2016. Analyst had a consensus of $0.46.Analysts expectations of $ 86.14.During the same quarter in the previous year, the company posted $1.60 EPS.

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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