After the NY Post issued a new report on allegations of a federal investigation into BofI Holding, Craig-Hallum analyst Brad Berning noted that the Post's source is a former employee fired from the bank that he views as "absolutely not credible." Berning points out that BofI's Chief Legal Officer issued a response in the report, claiming the former employee has a "vendetta" and "has made numerous false allegations in a class action lawsuit elsewhere." The analyst continues to recommend using weakness from press allegations to buy BofI shares and keeps a $35 price target on the stock.