BofI Holding, Inc. BOFI was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $34.3–$36.3 in the past one-month time frame, witnessed a sharp increase yesterday.
The shares rose after the company posted better-than-expected fourth-quarter results.
The company has seen two positive estimate revisions in the past one month, while its Zacks Consensus Estimate for the current quarter has also moved higher over the same time frame, suggesting that more solid trading could be ahead for the company. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
BofI Holding currently has a Zacks Rank #2 (Buy) while its Earnings ESPis negative.
BofI Holding, Inc. Price and Consensus
Another stock worth considering in the Banks – West industry is Cathay General Bancorp CATY which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is BOFI going up? Or down? Predict to see what others think:Up or Down
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