Stieven Capital Advisors L.P. Sells 47,100 Shares of Axos Financial, Inc $AX

Stieven Capital Advisors L.P. reduced its position in shares of Axos Financial, Inc (NYSE:AX) by 16.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 236,959 shares of the company’s stock after selling 47,100 shares during the period. Axos Financial comprises about 3.8% of Stieven Capital Advisors L.P.’s holdings, making the stock its 8th largest holding. Stieven Capital Advisors L.P. owned about 0.42% of Axos Financial worth $20,059,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AX. Royal Bank of Canada lifted its stake in Axos Financial by 0.9% during the 1st quarter. Royal Bank of Canada now owns 108,986 shares of the company’s stock worth $7,031,000 after acquiring an additional 1,015 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Axos Financial by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,539 shares of the company’s stock valued at $2,099,000 after acquiring an additional 1,429 shares in the last quarter. United Services Automobile Association acquired a new position in Axos Financial in the 1st quarter valued at about $212,000. Envestnet Asset Management Inc. increased its stake in Axos Financial by 26.1% during the second quarter. Envestnet Asset Management Inc. now owns 63,533 shares of the company’s stock worth $4,831,000 after purchasing an additional 13,131 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Axos Financial during the second quarter worth about $566,000. 83.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AX has been the subject of several recent research reports. 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 note on Friday, January 30th. Jefferies Financial Group upped 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Axos Financial in a report on Monday, December 29th. Zacks Research raised shares of Axos Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, DA Davidson boosted their price target on shares of Axos Financial from $107.50 to $112.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Axos Financial currently has an average rating of “Buy” and a consensus price target of $104.50.

Insider Transactions at Axos Financial

In other Axos Financial news, Director James John Court sold 11,163 shares of Axos Financial stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $101.01, for a total transaction of $1,127,574.63. Following the completion of the sale, the director directly owned 32,169 shares of the company’s stock, valued at $3,249,390.69. The trade was a 25.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory Garrabrants sold 43,294 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $99.10, for a total value of $4,290,435.40. Following the transaction, the chief executive officer directly 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 59,303 shares of company stock valued at $5,908,474. Insiders own 4.85% of the company’s stock.

Axos Financial Stock Performance

Shares of AX opened at $84.66 on Friday. Axos Financial, Inc has a 1 year low of $54.46 and a 1 year high of $101.92. The stock has a market capitalization of $4.80 billion, a PE ratio of 10.73 and a beta of 1.27. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a 50-day simple moving average of $93.17 and a 200-day simple moving average of $87.56.

Axos Financial (NYSE:AX) last issued its earnings results on Thursday, January 29th. The company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.18. Axos Financial had a net margin of 22.66% and a return on equity of 16.98%. The firm had revenue of $385.09 million for the quarter, compared to analysts’ expectations of $345.89 million. During the same quarter last year, the company earned $1.82 earnings per share. The firm’s revenue was up 25.1% compared to the same quarter last year. On average, analysts predict that Axos Financial, Inc will post 7.22 earnings per share 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.