Maltese Capital Management LLC Buys New Stake in Axos Financial, Inc $AX

Maltese Capital Management LLC purchased a new stake in Axos Financial, Inc (NYSE:AX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,000 shares of the company’s stock, valued at approximately $846,000.

A number of other institutional investors also recently bought and sold shares of the business. Franklin Resources Inc. increased its holdings in shares of Axos Financial by 198.0% in the 3rd quarter. Franklin Resources Inc. now owns 414,178 shares of the company’s stock valued at $35,060,000 after acquiring an additional 275,191 shares during the last quarter. American Century Companies Inc. lifted its stake in Axos Financial by 10.5% during the second quarter. American Century Companies Inc. now owns 2,378,121 shares of the company’s stock worth $180,832,000 after purchasing an additional 226,892 shares during the last quarter. Boothbay Fund Management LLC purchased a new stake in Axos Financial during the second quarter worth approximately $9,639,000. Edgestream Partners L.P. boosted its holdings in Axos Financial by 199.7% in the second quarter. Edgestream Partners L.P. now owns 165,283 shares of the company’s stock valued at $12,568,000 after purchasing an additional 110,136 shares in the last quarter. Finally, UBS Group AG increased its stake in Axos Financial by 65.7% in the third quarter. UBS Group AG now owns 267,312 shares of the company’s stock valued at $22,628,000 after purchasing an additional 106,003 shares during the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Zacks Research raised shares of Axos Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Keefe, Bruyette & Woods upped their target price on shares of Axos Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Friday, January 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Axos Financial in a research note on Monday, December 29th. Jefferies Financial Group boosted their price target on shares of Axos Financial from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Finally, Needham & Company LLC restated a “buy” rating and issued a $110.00 price objective on shares of Axos Financial in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $104.50.

Insider Activity at Axos Financial

In other Axos Financial news, Director James John Court sold 11,163 shares of Axos Financial stock in a transaction on Friday, February 6th. The shares were sold at an average price of $101.01, for a total value of $1,127,574.63. Following the transaction, the director directly owned 32,169 shares in the company, valued at approximately $3,249,390.69. The trade was a 25.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory Garrabrants sold 43,294 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were 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. The trade was a 2.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 59,303 shares of company stock worth $5,908,474 in the last 90 days. 4.85% of the stock is owned by insiders.

Axos Financial Trading Down 0.2%

AX opened at $84.50 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.40. Axos Financial, Inc has a 52 week low of $54.46 and a 52 week high of $101.92. The business’s 50 day moving average is $93.08 and its two-hundred day moving average is $87.45. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 10.71 and a beta of 1.27.

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

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.