This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Lean and Mean Bank Stocks

Stocks in this article: BAC WFC DFS PB SBNY ORIT BOFI

4. BOFI Holding, Inc.

Shares of BOFI Holding (BOFI) of San Diego closed at $64.72 Friday, returning 133% this year.

The shares trade for 3.4 times their reported June 30 tangible book value of $19.16, and for 15.3 times the consensus fiscal 2015 EPS estimate of $3.68. The consensus 2014 EPS estimate is $3.68. The company's fiscal 2013 ended on June 30.

The company's efficiency ratio for the 12-months ended June 30 was 40.73%, while its ROA was 1.46% and its ROTCE was 16.87%.

BOFI Holding had $3.1 billion in total assets as of June 30. Its main subsidiary BOFI Federal Bank gathers deposits through its Bank of Internet USA Web site. The company on Sept. 9 announced it had completed the purchase of $173 million in deposits from Principal Bank.

After the company reported a 35% year-over-year increase in fiscal fourth-quarter earnings available to common shareholders of $11.1 million, or 78 cents a share, KBW analyst Juliana Balicka on Aug. 15 reiterated her "market perform" rating for BOFI Holding, while increasing her price target for the shares to $64 from $48. Balicka raised her fiscal 2014 EPS estimate to $3.60 from $3.05 and introduced a fiscal 2015 EPS estimate of $3.90.

In a note to clients Balicka wrote that "In 2014, we think that expense growth will moderate and that revenue will continue to ramp from the new initiatives. For example: commercial and industrial healthcare finance -- very strong pipeline growth plus associated fee income; structured settlement sales to the secondary market -- a new exit for an older loan product and source of recurring fee income."

"The bank is targeting a 40% efficiency in the intermediate term and 35% in the long-term as new business growth settles out," she added.

BOFI Chart BOFI data by YCharts

Interested in more on BOFI Holding, Inc.? See TheStreet Ratings' report card for this stock.

3 of 6

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs