Stieven Capital Advisors L.P. Raises Holdings in Axos Financial, Inc $AX

Stieven Capital Advisors L.P. increased its position in Axos Financial, Inc (NYSE:AX) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,859 shares of the company’s stock after purchasing an additional 18,900 shares during the period. Axos Financial makes up 4.1% of Stieven Capital Advisors L.P.’s investment portfolio, making the stock its 8th largest holding. Stieven Capital Advisors L.P.’s holdings in Axos Financial were worth $22,045,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AX. Bessemer Group Inc. lifted its holdings in shares of 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. Brown Brothers Harriman & Co. bought a new position in shares of Axos Financial in the 3rd quarter worth $29,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Axos Financial by 294.7% in 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 in the last quarter. Torren Management LLC bought a new position in shares of Axos Financial in the 4th quarter worth $36,000. Finally, Salomon & Ludwin LLC lifted its holdings in shares of Axos Financial by 43.2% in the 4th quarter. Salomon & Ludwin LLC now owns 441 shares of the company’s stock worth $39,000 after purchasing an additional 133 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Axos Financial

In other news, EVP Michael James Watson sold 1,653 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $83.77, for a total transaction of $138,471.81. Following the completion of the sale, the executive vice president directly owned 4,592 shares of the company’s stock, valued at $384,671.84. This trade represents a 26.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Roque A. Santi sold 500 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $87.77, for a total value of $43,885.00. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Jefferies Financial Group increased their price target on Axos Financial from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Raymond James Financial raised Axos Financial from an “outperform” rating to a “strong-buy” rating and lowered their price target for the company from $110.00 to $100.00 in a research report on Tuesday, April 7th. Zacks Research lowered Axos Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods increased their price target on 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 increased their price target on Axos Financial from $107.50 to $112.00 and gave the company a “buy” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $109.40.

Axos Financial Trading Up 0.2%

NYSE AX opened at $86.10 on Friday. The firm has a market capitalization of $4.90 billion, a P/E ratio of 10.46 and a beta of 1.30. The business has a fifty day simple moving average of $88.64 and a 200 day simple moving average of $88.65. Axos Financial, Inc has a 12 month low of $67.50 and a 12 month high of $101.92. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.38.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.23). Axos Financial had a net margin of 22.53% and a return on equity of 16.48%. The company had revenue of $392.25 million during the quarter, compared to analysts’ expectations of $372.51 million. During the same period in the previous year, the company posted $1.81 earnings per share. On average, analysts predict that Axos Financial, Inc will post 8.57 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.