Axos Financial is a holding company for BofI Federal Bank (Bank), a financial services company that provides consumer and business banking products. Co. distributes its deposit products through a range of retail distributions channels, and its deposits consist of demand, savings and time deposits accounts. Co. distributes its loan products through its retail, correspondent and wholesale channels, and the loans Co. retains are primarily first mortgages secured by single family real property and by multifamily real property as well as commercial and industrial loans to businesses. As of June 30 2017, Co. had total assets of $8.50 billion and total deposits of $6.90 billion. We show 37 historical shares outstanding datapoints in our BOFI shares outstanding history coverage, used to compute BOFI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing BOFI market cap history over the course of time is important for investors
interested in comparing BOFI's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of BOFI versus a peer is one thing; comparing
BOFI market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like BOFI can fluctuate over the course of history.
With this page we aim to empower investors researching BOFI by allowing them to research the BOFI market cap history. |
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Video: The Importance of Market Cap
