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BofI down more than 10% as sell-side cuts estimates

Apr. 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.
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