What's going on that's its dropping 11%??
Use limit orders as the price is bouncing all over... I put a market buy order in at $23.4? was the last trade I saw and it executed at $23.75.
BofI down more than 10% as sell-side cuts estimatesApr. 26, 2017 10:41 AM ET|About: BofI Holding, Inc. (BOFI)|By: Stephen Alpher, SA News Editor BofI Holdings (NASDAQ:BOFI) reported an inline quarter, but Sandler O'Neill's Andrew Liesch notes slower loan growth, less gain on sale revenue, and higher provisions in H&R Block-related loans. He cuts his 2017 EPS estimate to $2.10 from $2.25 and 2018 to $2.70 from $2.90. The price target is trimmed to $33 from $36. He still rates the stock a Buy.Citing fee income headwinds, D.A. Davidson's Gary Tenner (also a bull on the stock) cuts his 2017 EPS estimate to $2.10 from $2.13 and 2018 to $2.40 from $2.45. The new price target is $33 from $34.
With BOFI's peers (according to CNBC quote peers tab) all trading at a PE of 18 to 21 .... For BOFI to get to a 15 PE the price would have to be north of $30... So I backed up the truck and it is my biggest holding. To get to a PE of 20 with its peers, BOFI would be a $40+ stock. I see why it is a Fool RB Best Buy and why they preach long term perspective. Mike
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |