Axos Financial, Inc $AX Shares Sold by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. reduced its stake in Axos Financial, Inc (NYSE:AX) by 16.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 236,959 shares of the company’s stock after selling 47,100 shares during the period. Axos Financial accounts for about 3.8% of Stieven Capital Advisors L.P.’s holdings, making the stock its 8th biggest position. Stieven Capital Advisors L.P.’s holdings in Axos Financial were worth $20,059,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC purchased a new position in shares of Axos Financial in the 3rd quarter valued at $26,000. Bessemer Group Inc. raised its stake in Axos Financial by 59.6% during the 3rd quarter. Bessemer Group Inc. now owns 348 shares of the company’s stock worth $29,000 after acquiring an additional 130 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in Axos Financial in the third quarter valued at $29,000. EverSource Wealth Advisors LLC lifted its position in Axos Financial by 294.7% in the second quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock valued at $34,000 after acquiring an additional 333 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new position in Axos Financial in the third quarter valued at $40,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Trading Down 0.0%

NYSE AX opened at $84.66 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $4.80 billion, a PE ratio of 10.73 and a beta of 1.27. Axos Financial, Inc has a one year low of $54.46 and a one year high of $101.92. The firm’s fifty day moving average is $93.17 and its two-hundred day moving average is $87.56.

Axos Financial (NYSE:AX) last announced its earnings results on Thursday, January 29th. The company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.18. Axos Financial had a net margin of 22.66% and a return on equity of 16.98%. The business had revenue of $385.09 million during the quarter, compared to analysts’ expectations of $345.89 million. During the same period in the prior year, the company earned $1.82 earnings per share. The business’s revenue was up 25.1% compared to the same quarter last year. Analysts expect that Axos Financial, Inc will post 7.22 earnings per share for the current year.

Insider Activity at Axos Financial

In other Axos Financial news, CEO Gregory Garrabrants sold 43,294 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $99.10, for a total transaction of $4,290,435.40. Following the completion of the sale, the chief executive officer directly owned 1,418,751 shares of the company’s stock, valued at $140,598,224.10. This represents a 2.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Derrick Walsh sold 4,846 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $101.21, for a total value of $490,463.66. Following the sale, the executive vice president directly owned 37,936 shares of the company’s stock, valued at $3,839,502.56. The trade was a 11.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 59,303 shares of company stock worth $5,908,474 in the last quarter. Company insiders own 4.85% of the company’s stock.

Wall Street Analysts Forecast Growth

AX has been the topic of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Axos Financial in a report on Monday, December 29th. Keefe, Bruyette & Woods upped their target price on Axos Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Friday, January 30th. Needham & Company LLC restated a “buy” rating and set a $110.00 price target on shares of Axos Financial in a research note on Friday, February 13th. DA Davidson lifted their price target on Axos Financial from $107.50 to $112.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Finally, Jefferies Financial Group boosted their price objective on Axos Financial from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $104.50.

About Axos Financial

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.