Oak Associates Ltd. OH Acquires New Holdings in Axos Financial, Inc $AX

Oak Associates Ltd. OH bought a new position in shares of Axos Financial, Inc (NYSE:AX) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 7,142 shares of the company’s stock, valued at approximately $543,000.

A number of other hedge funds have also bought and sold shares of the stock. Horizon Investment Services LLC purchased a new position in shares of Axos Financial during the second quarter worth $279,000. CWM LLC boosted its position in Axos Financial by 32.8% during the second quarter. CWM LLC now owns 10,233 shares of the company’s stock worth $778,000 after purchasing an additional 2,527 shares in the last quarter. Truist Financial Corp lifted its position in shares of Axos Financial by 24.5% during the 2nd quarter. Truist Financial Corp now owns 12,483 shares of the company’s stock valued at $949,000 after buying an additional 2,457 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Axos Financial by 33.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 158,801 shares of the company’s stock valued at $12,437,000 after purchasing an additional 39,515 shares during the period. Finally, Vise Technologies Inc. purchased a new stake in Axos Financial during the 2nd quarter worth approximately $319,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Raymond James Financial reaffirmed an “outperform” rating and issued a $100.00 price target (up previously from $95.00) on shares of Axos Financial in a report on Tuesday, September 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Axos Financial in a research report on Monday, November 17th. Needham & Company LLC lifted their target price on Axos Financial from $105.00 to $107.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Wall Street Zen upgraded Axos Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, DA Davidson lifted their price target on shares of Axos Financial from $100.00 to $106.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $97.17.

Insider Activity at Axos Financial

In other news, EVP Candace L. Thiele sold 700 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $90.14, for a total value of $63,098.00. Following the completion of the sale, the executive vice president owned 23 shares of the company’s stock, valued at $2,073.22. This represents a 96.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.85% of the stock is currently owned by corporate insiders.

Axos Financial Stock Performance

NYSE AX opened at $80.19 on Tuesday. The business has a fifty day moving average of $81.90 and a 200-day moving average of $81.25. Axos Financial, Inc has a fifty-two week low of $54.46 and a fifty-two week high of $93.84. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 10.75 and a beta of 1.35. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.17.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Thursday, October 30th. The company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.21. Axos Financial had a return on equity of 17.11% and a net margin of 22.24%.The business had revenue of $323.39 million for the quarter, compared to analysts’ expectations of $319.96 million. During the same quarter last year, the firm earned $1.96 earnings per share. As a group, analysts predict that Axos Financial, Inc will post 7.22 earnings per share for the current fiscal year.

About Axos Financial

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.