Key Points
- Director Tamara Bohlig sold 2,145 shares on December 8 at an average price of $86.23 for total proceeds of $184,963.35, trimming her stake by 14.24% to 12,919 shares (worth about $1.11M post-sale).
- Axos reported an earnings beat on October 30 with EPS of $2.07 versus $1.86 expected and revenue of $323.39M, while showing a 16.72% return on equity and a 22.41% net margin.
- Analyst sentiment is largely positive—six Buy ratings and one Hold give a consensus "Moderate Buy" and an average price target of $97.42, with several firms recently raising targets into the $100+ range.
Axos Financial, Inc (NYSE:AX - Get Free Report) Director Tamara Bohlig sold 2,145 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $86.23, for a total transaction of $184,963.35. Following the sale, the director owned 12,919 shares of the company's stock, valued at $1,114,005.37. This trade represents a 14.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Axos Financial Stock Performance
Shares of AX stock opened at $85.88 on Thursday. Axos Financial, Inc has a 52-week low of $54.46 and a 52-week high of $93.84. The stock's 50-day moving average price is $80.96 and its 200 day moving average price is $82.19. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $4.86 billion, a PE ratio of 11.49 and a beta of 1.28.
Axos Financial (NYSE:AX - Get Free Report) last released its earnings results on Thursday, October 30th. The company reported $2.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.21. The business had revenue of $323.39 million for the quarter, compared to analyst estimates of $319.96 million. Axos Financial had a return on equity of 16.72% and a net margin of 22.41%.During the same quarter in the previous year, the company posted $1.96 earnings per share. As a group, equities research analysts forecast that Axos Financial, Inc will post 7.22 EPS for the current year.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Weiss Ratings reissued a "buy (b-)" rating on shares of Axos Financial in a report on Monday. Needham & Company LLC increased their target price on Axos Financial from $105.00 to $107.00 and gave the stock a "buy" rating in a research note on Friday, October 31st. Keefe, Bruyette & Woods lifted their price target on Axos Financial from $94.00 to $100.00 and gave the company a "market perform" rating in a research note on Monday, September 29th. Raymond James Financial reissued an "outperform" rating and set a $100.00 price target (up previously from $95.00) on shares of Axos Financial in a research note on Tuesday, September 23rd. Finally, DA Davidson raised their price objective on Axos Financial from $106.00 to $107.50 and gave the company a "buy" rating in a research note on Monday. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $97.42.
Check Out Our Latest Stock Analysis on Axos Financial
Hedge Funds Weigh In On Axos Financial
Several hedge funds have recently bought and sold shares of AX. Salomon & Ludwin LLC purchased a new stake in shares of Axos Financial in the third quarter valued at $26,000. Bessemer Group Inc. increased its position 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 purchasing an additional 130 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in Axos Financial in the 3rd quarter valued at about $29,000. True Wealth Design LLC lifted its holdings in Axos Financial by 120.9% in the 2nd quarter. True Wealth Design LLC now owns 433 shares of the company's stock valued at $33,000 after purchasing an additional 237 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Axos Financial by 294.7% during the second quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company's stock worth $34,000 after acquiring an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company's stock.
About Axos Financial
(
Get Free Report)
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.
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