Maltese Capital Management LLC Acquires Shares of 10,000 Axos Financial, Inc $AX

Maltese Capital Management LLC acquired a new position in shares of Axos Financial, Inc (NYSE:AX) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 10,000 shares of the company’s stock, valued at approximately $846,000.

Several other hedge funds and other institutional investors also recently modified their holdings of AX. Ashton Thomas Private Wealth LLC increased its holdings in shares of Axos Financial by 4.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 3,382 shares of the company’s stock valued at $286,000 after purchasing an additional 130 shares during the period. Bessemer Group Inc. lifted its holdings 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 purchasing an additional 130 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in Axos Financial by 3.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,889 shares of the company’s stock valued at $329,000 after buying an additional 131 shares during the last quarter. Cetera Investment Advisers grew its position in Axos Financial by 1.8% in the 2nd quarter. Cetera Investment Advisers now owns 8,197 shares of the company’s stock valued at $623,000 after buying an additional 141 shares during the last quarter. Finally, Intech Investment Management LLC increased its stake in Axos Financial by 0.3% in the 2nd quarter. Intech Investment Management LLC now owns 42,289 shares of the company’s stock valued at $3,216,000 after buying an additional 144 shares during the period. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AX has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Axos Financial in a research report 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 stock a “buy” rating in a research note on Friday, January 30th. 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 raised their price objective on shares of Axos Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Friday, January 30th. Finally, DA Davidson lifted their price objective on Axos Financial from $107.50 to $112.00 and gave the company a “buy” rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $104.50.

Insider Activity at Axos Financial

In other Axos Financial news, EVP Derrick Walsh sold 4,846 shares of the company’s stock in a transaction 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 owned 37,936 shares of the company’s stock, valued at approximately $3,839,502.56. This represents a 11.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory Garrabrants sold 43,294 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $99.10, for a total value of $4,290,435.40. Following the completion of the transaction, the chief executive officer owned 1,418,751 shares of the company’s stock, valued at approximately $140,598,224.10. This represents a 2.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 59,303 shares of company stock valued at $5,908,474 in the last ninety days. Corporate insiders own 4.85% of the company’s stock.

Axos Financial Price Performance

Shares of NYSE AX opened at $84.50 on Tuesday. The firm has a market capitalization of $4.79 billion, a P/E ratio of 10.71 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 company’s fifty day moving average is $93.08 and its two-hundred day moving average is $87.45. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.08 and a current ratio of 1.08.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Thursday, January 29th. The company reported $2.25 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $345.89 million. During the same period in the prior year, the company posted $1.82 EPS. The business’s revenue for the quarter was up 25.1% on a year-over-year basis. Analysts forecast that Axos Financial, Inc will post 7.22 EPS for the current fiscal 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.