A Director at BofI Holding is Exercising Options


Today it was reported that a Director at BofI Holding (NASDAQ: BOFI), John Gary Burke, exercised options to buy 2,666 BOFI shares at $37.67 a share, for a total transaction value of $100.4K.

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Based on BofI Holding’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $136 million and quarterly net profit of $37.12 million. In comparison, last year the company earned revenue of $112 million and had a net profit of $32.55 million. BOFI’s market cap is $2.37B and the company has a P/E ratio of 16.30. Currently, BofI Holding has an average volume of 409.5K.

Nine different firms, including B.Riley FBR and Compass Point, currently also have a Buy rating on the stock. Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $45.50, reflecting a -15.1% downside. Starting in June 2018, BOFI received 6 Buy ratings in a row.

The insider sentiment on BofI Holding has been negative according to 27 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

John Gary Burke’s trades have generated a -3.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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BofI Holding, Inc. engages in the provision of banking and financing services for single and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables. Through its subsidiary, the firm offers consumer and business banking products through its distribution channels and affinity partners.

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