13F Action: As Bofi Holding INC (BOFI) Valuation Rose, 1492 Capital Management LLC Lowered Stake

13F Action: As Bofi Holding INC (BOFI) Valuation Rose, 1492 Capital Management LLC Lowered Stake

1492 Capital Management Llc decreased its stake in Bofi Holding Inc (BOFI) by 87.6% based on its latest 2016Q3 regulatory filing with the SEC. 1492 Capital Management Llc sold 200,114 shares as the company’s stock rose 29.63% with the market. The institutional investor held 28,315 shares of the finance company at the end of 2016Q3, valued at $634,000, down from 228,429 at the end of the previous reported quarter. 1492 Capital Management Llc who had been investing in Bofi Holding Inc for a number of months, seems to be less bullish one the $1.83 billion market cap company. The stock closed at $28.9 during the last session. It is down 49.82% since June 7, 2016 and is uptrending. It has outperformed by 42.40% the S&P500.

1492 Capital Management Llc is a Wisconsin-based institutional investor with more than $188.45 million AUM in March, 2014. Taken from 1492 Capital Management latest Adv, the fund reported to have 9 full and part-time employees. Among which 6 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

Insitutional Activity: The institutional sentiment increased to 1.17 in 2016 Q3. Its up 0.17, from 1 in 2016Q2. The ratio is positive, as 22 funds sold all BOFI shares owned while 66 reduced positions. 32 funds bought stakes while 71 increased positions. They now own 54.37 million shares or 6.35% less from 58.06 million shares in 2016Q2. The New York-based Bnp Paribas Arbitrage Sa has invested 0% in BofI Holding, Inc. (NASDAQ:BOFI). The New York-based Basswood Management Llc has invested 1.07% in BofI Holding, Inc. (NASDAQ:BOFI). Nationwide Fund Advsr last reported 0.03% of its portfolio in the stock. Financial Bank Of America Corp De holds 0% or 191,844 shares in its portfolio. Davis Capital Ptnrs Lc last reported 1.83M shares in the company. Principal Finance Gp Inc, a Iowa-based fund reported 416,542 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 1,423 shares in its portfolio. Pacific Ridge Capital Prns Llc holds 52,420 shares or 0.48% of its portfolio. Mount Lucas Management Limited Partnership last reported 7,026 shares in the company. Brown Advisory Inc last reported 10,597 shares in the company. Stieven Cap Lp accumulated 784,484 shares or 4.27% of the stock. Vanguard Group Inc Inc holds 0.01% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI) for 4.07M shares. Invesco Ltd last reported 2.44M shares in the company. Blackrock Grp Ltd, a United Kingdom-based fund reported 287,043 shares. Ftb Advsr, a Tennessee-based fund reported 67 shares.

Insider Transactions: Since November 22, 2016, the stock had 0 insider purchases, and 3 insider sales for $557,781 net activity. The insider Allrich Theodore C sold $250,500. $186,031 worth of shares were sold by Nick Mosich on Tuesday, December 13.

Analysts await BofI Holding, Inc. (NASDAQ:BOFI) to report earnings on January, 26. They expect $0.48 earnings per share, up 9.09% or $0.04 from last year’s $0.44 per share. BOFI’s profit will be $30.39 million for 15.05 P/E if the $0.48 EPS becomes a reality. After $0.45 actual earnings per share reported by BofI Holding, Inc. for the previous quarter, Wall Street now forecasts 6.67% EPS growth.

More notable recent BofI Holding, Inc. (NASDAQ:BOFI) news were published by: Businesswire.com which released: “BofI Holding, Inc. to Announce Second Quarter 2017 Results on January 30, 2017” on January 09, 2017, also Fool.com with their article: “BofI Holding, Inc. Stock Down 13% After Earnings: Here’s What Investors Should …” published on October 28, 2016, Fool.com published: “BofI Holding, Inc. Continues Delivering: Is the Short Thesis About to Collapse?” on August 10, 2016. More interesting news about BofI Holding, Inc. (NASDAQ:BOFI) were released by: Fool.com and their article: “BofI Holding, Inc. Stock Up 10% on Continued Strong Earnings” published on August 03, 2016 as well as Fool.com‘s news article titled: “Why BofI Holding, Inc. Stock Jumped Today” with publication date: March 21, 2016.

According to Zacks Investment Research, “Bofi Holding is the holding company for Bank of Internet USA, a consumer-focused, nationwide savings bank operating primarily through the Internet from a single location in San Diego, California. They provide a variety of consumer banking services, focusing primarily on gathering retail deposits over the Internet and originating and purchasing multifamily and single family loans for investment.”

BofI Holding, Inc. (NASDAQ:BOFI) Ratings Coverage

Out of 6 analysts covering Bofl Holding Inc (NASDAQ:BOFI), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Bofl Holding Inc has been the topic of 11 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by DA Davidson on Thursday, August 6. The stock has “Buy” rating given by Sandler O’Neill on Thursday, October 15. Raymond James upgraded BofI Holding, Inc. (NASDAQ:BOFI) on Friday, September 4 to “Strong Buy” rating. FBR Capital maintained the stock with “Outperform” rating in Friday, July 31 report. FBR Capital maintained the shares of BOFI in a report on Monday, November 23 with “Outperform” rating. The firm has “Buy” rating given on Thursday, October 15 by DA Davidson.

BOFI Company Profile

BofI Holding, Inc. (BofI), incorporated on July 6, 1999, is the holding firm 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, low-cost distribution channels and affinity partners. The Bank has deposit and loan customers, 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. The Company’s mortgage-backed securities consist primarily of mortgage pass-through securities issued by government-sponsored entities and non-agency collateralized mortgage obligations and pass-through mortgage-backed securities issued by private sponsors.

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