Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
The last several months have been that of digestion and consolidation. While Sector and group leadership have taken a back seat to stock selection, rotations still seem to be the norm. We have on a number of occasions indicated that the current rotations are reminiscent of the rotations of 1994. Bill Clinton was President and in that year the Republicans had swept the house under their “Contract with Americaâ€. Clinton had imposed tariffs on steel imports late in 1993 and with the onslaugh...
SAN DIEGO--(BUSINESS WIRE)-- Bank of Internet USA (“BofI USA”), a division of BofI Federal Bank (“the Bank”), the nationwide bank subsidiary of BofI Holding, Inc. (NASDAQ: BOFI), announces that it has rebranded its mobile app for residential real estate sales agents to BofI Real Estate Agent. The new name of the app represents the distinct value delivered through the innovative mobile app. “We are very pleased with the initial results and success we have seen in the early stages of this product. Our user base is growing at an...
SAN DIEGO--(BUSINESS WIRE)-- BofI Federal Bank (the “Bank”), the nationwide bank subsidiary of BofI Holding, Inc. (NASDAQ: BOFI) (“BofI” or the “Company”), is proud to announce its continuing support of the U.S. military and their families through its sponsorship of the SEAL Family Foundation and One Summit. This is the fourth year BofI has supported the SEAL Family Foundation. “We appreciate the generous support from BofI,” said Natasha Montazeri, Development Director of SEAL Family Foundation. “Their support and commitment ...
SAN DIEGO--(BUSINESS WIRE)-- BofI Holding, Inc. (NASDAQ: BOFI) (“BofI”), parent company of BofI Federal Bank (the “Bank”), today announced financial results for the third fiscal quarter ended March 31, 2018. Net income was a record $51.3 million, an increase of 25.0% from $41.0 million for the quarter ended March 31, 2017. Earnings attributable to BofI’s common stockholders were $51.2 million or $0.80 per diluted share for the third quarter of fiscal 2018, an increase of 25.1% from $40.9 million or $0.63 per diluted share for the thir...
SAN DIEGO--(BUSINESS WIRE)-- BofI Holding, Inc. (NASDAQ: BOFI) (“the Company”), parent of BofI Federal Bank, announced today that it was recognized by S&P Global Market Intelligence as the second-best performing public thrift in 2017. S&P Global Market Intelligence ranks the 50 largest public thrifts using six financial metrics that focus on return on average assets (“ROAA”), return on average tangible common equity (“ROATCE”), efficiency ratio, median three-year growth rate in tangible book value per share (“TBVPS”), nonperf...
SAN DIEGO--(BUSINESS WIRE)-- BofI Holding, Inc. (NASDAQ: BOFI) (the “Company”), parent of BofI Federal Bank, announced today that it will host a conference call on Thursday, April 26, 2018 at 2:00 PM PT (5:00 PM ET) to discuss financial results for the fiscal third quarter ended March 31, 2018. Earnings results will be available at approximately 1:00 PM PT (4:00 PM ET) on April 26, 2018. Joining Gregory Garrabrants, President and Chief Executive Officer of the Company, on the conference call will be Andrew J. Micheletti, ...
SAN DIEGO--(BUSINESS WIRE)-- BofI Holding, Inc. (the “Company” or “BofI”) (NASDAQ: BOFI), parent of BofI Federal Bank (the “Bank”), announced today that a subsidiary of the Bank has acquired the bankruptcy trustee and fiduciary services business (the “Business”) of Epiq. From its primary Chapter 7 office in Kansas City, Kansas, the business provides specialized software and consulting services to Chapter 7 and non-7 trustees and fiduciaries in all 50 states. “We are excited about the addition of the trustee and fiduciary serv...
SAN DIEGO--(BUSINESS WIRE)-- Bank of Internet USA (“BofI USA”), a division of BofI Federal Bank (“the Bank”), the nationwide bank subsidiary of BofI Holding, Inc. (NASDAQ: BOFI), announces the launch of BofI Realtor, a new, secure, innovative mobile app designed specifically for residential real estate sales agents. Realtors who download the BofI Realtor app can easily track the status of their clients’ mortgages originated by the Bank and communicate directly with BofI team members effortlessly through their smartphones or tablets. ...
SAN DIEGO--(BUSINESS WIRE)-- BofI Holding, Inc. (NASDAQ: BOFI) (“BofI”), parent company of BofI Federal Bank (the “Bank”), today announced financial results for the second fiscal quarter ended December 31, 2017. Net income was $31.7 million, a decrease of 2.0% from $32.3 million for the quarter ended December 31, 2016. Net income decreased as a result of the 2017 Tax Cut and Jobs Act (“Tax Act”), which caused BofI to incur an $8.0 million one-time charge from the revaluation of its deferred tax assets and liabilities. Earnings attribu...
SAN DIEGO--(BUSINESS WIRE)-- Bank of Internet USA (“BofI USA”), a division of BofI Federal Bank, the nationwide bank subsidiary of BofI Holding, Inc. (NASDAQ: BOFI), today announced that BofI USA is one of the “Best Banks of 2018” and tops the “Best Checking Accounts in 2018” list as ranked by GOBankingRates.com, a leading personal finance and consumer banking website. This is the third consecutive year BofI USA is ranked as one of GOBankingRates “Best Online Banks.” GOBankingRates selects the 10 best banks by evaluating chec...
SAN DIEGO--(BUSINESS WIRE)-- BofI Holding, Inc. (NASDAQ: BOFI) (the “Company”), parent of BofI Federal Bank, has assessed the financial impact expected to result from the Tax Cuts and Jobs Act signed into law December 22, 2017. Based on currently available information, the Company expects to incur a one-time charge of approximately $8-$9 million, or $0.12-$0.14 per diluted share, against its deferred tax asset in the second quarter of fiscal 2018 ended December 31, 2017. The deferred tax asset revaluation relates primarily to the redu...
SAN DIEGO--(BUSINESS WIRE)-- BofI Holding, Inc. (the “Company”) (NASDAQ: BOFI), parent of BofI Federal Bank (the “Bank”), announced today the addition of a new member to the Boards of Directors of the Company and the Bank (the “Boards”). James Brandon Black joins the Boards as an independent director effective October 26, 2017. Mr. Black is currently an operating partner at Clover Crest Partners, a private investment group founded by experienced public and private company chief executive officers and operators to invest in ...
SAN DIEGO--(BUSINESS WIRE)-- BofI Holding, Inc. (NASDAQ: BOFI) (“BofI”), parent company of BofI Federal Bank (the “Bank”), today announced financial results for the first fiscal quarter ended September 30, 2017. Net income was $32.4 million, an increase of 12.1% over net income of $28.9 million for the quarter ended September 30, 2016. Earnings attributable to BofI’s common stockholders were $32.3 million or $0.50 per diluted share for the first quarter of fiscal 2018, an increase of 12.1% from $28.8 million or $0.45 per diluted share...
SAN DIEGO--(BUSINESS WIRE)-- Bank of Internet USA (“Bank of Internet”), the nationwide brand of BofI Federal Bank, a subsidiary of BofI Holding, Inc. (NASDAQ: BOFI), was named MONEY’s Best Online Bank for 2017-2018. This is the second consecutive year Bank of Internet was selected by MONEY as the Best Online Bank. MONEY evaluated the largest 90 brick-and-mortar banks, 50 credit unions, and 15 online banks, as identified by bank consultancy firm Novantas. Bankrate.com, MONEY’s project partner, collected data on fees, interest ...
SAN DIEGO--(BUSINESS WIRE)-- BofI Holding, Inc. (NASDAQ: BOFI) (the “Company”), parent of BofI Federal Bank, announced today that it will host a conference call on Wednesday, October 25, 2017 at 2:00 PM PT (5:00 PM ET) to discuss financial results for the fiscal first quarter ended September 30, 2017. Earnings results will be available at approximately 1:00 PM PT (4:00 PM ET) on October 25, 2017. Joining Gregory Garrabrants, President and Chief Executive Officer of the Company, on the conference call will be Andrew J. Michele...
SAN DIEGO, Calif.--(BUSINESS WIRE)-- BofI Holding, Inc. (NASDAQ:BOFI) (“BofI” or the "Company"), parent company of BofI Federal Bank (the “Bank”), announced that the Company made the 2017 Sandler O’Neill + Partners (“Sandler O’Neill) Sm-All Stars. This is the fifth consecutive year BofI received this recognition. “We are extremely proud to be selected to the Sandler O’Neill Sm-All Stars once again,” stated Greg Garrabrants, President and Chief Executive Officer of BofI. “Being one of only two banks to achieve this distinction...
SAN DIEGO--(BUSINESS WIRE)-- BofI Holding, Inc. (NASDAQ: BOFI) (the "Company" or "BOFI"), parent of BofI Federal Bank, announced that BOFI was named to Fortune Magazine’s 100 Fastest-Growing Companies List for 2017. Companies are ranked by revenue growth rate, EPS growth rate, and three-year annualized total return for the period ended June 30, 2017. BOFI ranks 68th in Fortune’s 2017 list. This is the second consecutive year BOFI made Fortune’s top 100 Fastest-Growing Companies List. To qualify, a company - domestic or foreig...
SAN DIEGO--(BUSINESS WIRE)-- BofI Holding, Inc. (NASDAQ: BOFI) ("BofI"), parent company of BofI Federal Bank, announced that BofI has been recognized as one of the top performing banks in Bank Director’s 2017 Bank Performance Scorecard. BofI placed 2nd out of 117 banks and thrifts traded on the NASDAQ OMX and NYSE exchanges with assets between $5 and $50 billion. This is the third consecutive year BofI received a top-5 ranking in Bank Director’s Bank Performance Scorecard. Bank Director publishes an annual ranking of the 300 ...
SAN DIEGO--(BUSINESS WIRE)-- BofI Holding, Inc. (NASDAQ: BOFI) (“BofI”), parent company of BofI Federal Bank (the “Bank”), today announced unaudited financial results for the fourth fiscal quarter ended June 30, 2017. Net income was $32.5 million, an increase of 9.5% over net income of $29.7 million for the quarter ended June 30, 2016. Earnings attributable to BofI’s common stockholders were $32.5 million or $0.50 per diluted share for the fourth quarter of fiscal 2017, an increase of 9.5% from $29.7 million or $0.46 per diluted share...
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