Tamara Bohlig Sells 2,145 Shares of Axos Financial (NYSE:AX) Stock

Axos Financial, Inc (NYSE:AX) Director Tamara Bohlig sold 2,145 shares of Axos Financial stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $86.23, for a total transaction of $184,963.35. Following the completion of the transaction, the director directly owned 12,919 shares in the company, valued at approximately $1,114,005.37. The trade was a 14.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Axos Financial Stock Up 3.5%

Shares of Axos Financial stock traded up $2.88 during trading on Wednesday, reaching $85.79. The company’s stock had a trading volume of 329,331 shares, compared to its average volume of 368,005. 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 company has a market cap of $4.86 billion, a price-to-earnings ratio of 11.48 and a beta of 1.28. The company has a 50-day simple moving average of $80.91 and a two-hundred day simple moving average of $82.17. Axos Financial, Inc has a 1-year low of $54.46 and a 1-year high of $93.84.

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, beating the consensus estimate of $1.86 by $0.21. The firm had revenue of $323.39 million for the quarter, compared to the consensus estimate of $319.96 million. Axos Financial had a net margin of 22.41% and a return on equity of 16.72%. During the same quarter in the prior year, the company posted $1.96 earnings per share. As a group, equities analysts forecast that Axos Financial, Inc will post 7.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AX shares. DA Davidson upped their target price on Axos Financial from $106.00 to $107.50 and gave the company a “buy” rating in a research report on Monday. Needham & Company LLC boosted their price target on Axos Financial from $105.00 to $107.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Raymond James Financial reissued an “outperform” rating and issued a $100.00 price objective (up from $95.00) on shares of Axos Financial in a report on Tuesday, September 23rd. Keefe, Bruyette & Woods lifted their target price on Axos Financial from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Monday, September 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Axos Financial in a research report on Monday. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $97.42.

Hedge Funds Weigh In On Axos Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. Salomon & Ludwin LLC acquired a new stake in Axos Financial during the third quarter worth about $26,000. Brown Brothers Harriman & Co. acquired a new position in Axos Financial in the third quarter valued at approximately $29,000. Bessemer Group Inc. boosted its position in Axos Financial by 59.6% in 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. True Wealth Design LLC boosted its position in Axos Financial by 120.9% in the 2nd quarter. True Wealth Design LLC now owns 433 shares of the company’s stock worth $33,000 after purchasing an additional 237 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Axos Financial by 294.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock worth $34,000 after purchasing an additional 333 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Company Profile

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.