Axos Financial, Inc. (NYSE:AX) Director Sara Wardell-Smith Purchases 3,000 Shares

Axos Financial, Inc. (NYSE:AX) Director Sara Wardell-Smith purchased 3,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of $64.73 per share, with a total value of $194,190.00. Following the completion of the acquisition, the director now owns 10,250 shares in the company, valued at approximately $663,482.50. This trade represents a 41.38 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Axos Financial Trading Up 0.2 %

Shares of AX opened at $64.42 on Thursday. The firm’s 50-day moving average price is $69.83 and its 200-day moving average price is $70.36. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 8.66 and a beta of 1.45. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46.

Axos Financial (NYSE:AX) last announced its earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. Sell-side analysts anticipate that Axos Financial, Inc. will post 7.22 EPS for the current year.

Analyst Upgrades and Downgrades

AX has been the topic of several research reports. Keefe, Bruyette & Woods lowered their price objective on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 29th. DA Davidson lowered their price objective on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Raymond James restated an “outperform” rating and set a $80.00 price objective (up previously from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Finally, Needham & Company LLC raised their price objective on shares of Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Axos Financial presently has a consensus rating of “Moderate Buy” and an average price target of $84.17.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new position in shares of Axos Financial during the fourth quarter valued at approximately $35,000. Ashton Thomas Securities LLC bought a new position in Axos Financial during the third quarter valued at approximately $41,000. Farther Finance Advisors LLC lifted its position in Axos Financial by 881.8% during the third quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock valued at $41,000 after purchasing an additional 582 shares during the period. Kestra Investment Management LLC bought a new position in Axos Financial during the fourth quarter valued at approximately $52,000. Finally, NewEdge Advisors LLC lifted its position in Axos Financial by 1,700.0% during the fourth quarter. NewEdge Advisors LLC now owns 900 shares of the company’s stock valued at $63,000 after purchasing an additional 850 shares during the period. 83.79% of the stock is owned by hedge funds and other institutional investors.

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.