Insider Buying: Axos Financial, Inc. (NYSE:AX) Director Purchases $194,190.00 in Stock

Axos Financial, Inc. (NYSE:AX) Director Sara Wardell-Smith purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the transaction, the director now directly owns 10,250 shares of the company’s stock, valued at $663,482.50. This represents a 41.38 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Axos Financial Stock Up 1.9 %

Shares of NYSE:AX opened at $64.84 on Friday. The stock has a fifty day simple moving average of $69.49 and a two-hundred day simple moving average of $70.27. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 8.72 and a beta of 1.45. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. 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 (NYSE:AX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. On average, research analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AX shares. Raymond James restated an “outperform” rating and set a $80.00 price target (up from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods dropped their price target on 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. Needham & Company LLC lifted their price target on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, DA Davidson dropped their price target on Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $84.17.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Hancock Whitney Corp raised its stake in shares of Axos Financial by 1.3% in the third quarter. Hancock Whitney Corp now owns 10,931 shares of the company’s stock worth $687,000 after purchasing an additional 142 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Axos Financial by 4.4% in the third quarter. Crossmark Global Holdings Inc. now owns 3,836 shares of the company’s stock worth $241,000 after purchasing an additional 162 shares during the last quarter. Illinois Municipal Retirement Fund raised its stake in shares of Axos Financial by 0.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 29,916 shares of the company’s stock worth $2,090,000 after purchasing an additional 196 shares during the last quarter. Versor Investments LP increased its position in Axos Financial by 5.3% during the fourth quarter. Versor Investments LP now owns 4,000 shares of the company’s stock valued at $279,000 after acquiring an additional 200 shares during the last quarter. Finally, Stifel Financial Corp increased its position in Axos Financial by 3.4% during the fourth quarter. Stifel Financial Corp now owns 7,310 shares of the company’s stock valued at $511,000 after acquiring an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

About Axos Financial

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.