Insider Selling: Axos Financial (NYSE:AX) Director Sells $43,885.00 in Stock

Axos Financial, Inc (NYSE:AX) Director Roque Santi sold 500 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $87.77, for a total transaction of $43,885.00. Following the completion of the transaction, the director directly owned 7,646 shares of the company’s stock, valued at approximately $671,089.42. This represents a 6.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Axos Financial Trading Up 0.7%

Shares of NYSE AX opened at $83.37 on Friday. Axos Financial, Inc has a 1-year low of $67.50 and a 1-year high of $101.92. The company has a market cap of $4.74 billion, a PE ratio of 10.13 and a beta of 1.30. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average of $88.89 and a two-hundred day moving average of $88.47.

Axos Financial (NYSE:AX) last announced its earnings results on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.23). Axos Financial had a return on equity of 16.48% and a net margin of 22.53%.The company had revenue of $392.25 million during the quarter, compared to the consensus estimate of $372.51 million. During the same period in the prior year, the firm posted $1.81 earnings per share. As a group, equities analysts expect that Axos Financial, Inc will post 8.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Axos Financial

A number of institutional investors and hedge funds have recently modified their holdings of AX. Eurizon Capital SGR S.p.A. bought a new stake in shares of Axos Financial during the fourth quarter worth approximately $26,000. Basepoint Wealth LLC bought a new stake in shares of Axos Financial during the fourth quarter worth approximately $28,000. Bessemer Group Inc. raised its stake in shares of Axos Financial by 59.6% during the third quarter. Bessemer Group Inc. now owns 348 shares of the company’s stock worth $29,000 after buying an additional 130 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Axos Financial during the third quarter worth approximately $29,000. Finally, State of Wyoming bought a new stake in Axos Financial in the first quarter valued at approximately $30,000. 83.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AX. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 target price on shares of Axos Financial in a research note on Monday, March 16th. Jefferies Financial Group boosted their target price on shares of Axos Financial from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Zacks Research downgraded shares of Axos Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Raymond James Financial raised shares of Axos Financial from an “outperform” rating to a “strong-buy” rating and dropped their price target for the stock from $110.00 to $100.00 in a research note on Tuesday, April 7th. Finally, Weiss Ratings raised shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.40.

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.