Axos Financial (NYSE:AX) Director Edward James Ratinoff Sells 2,145 Shares

Axos Financial, Inc (NYSE:AX) Director Edward James Ratinoff sold 2,145 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $84.59, for a total transaction of $181,445.55. Following the transaction, the director directly owned 46,209 shares of the company’s stock, valued at approximately $3,908,819.31. This represents a 4.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Axos Financial Price Performance

Axos Financial stock opened at $85.15 on Tuesday. Axos Financial, Inc has a 1 year low of $54.46 and a 1 year high of $93.84. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a 50 day moving average price of $80.95 and a 200 day moving average price of $82.07. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 11.40 and a beta of 1.28.

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Thursday, October 30th. The company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.21. The company had revenue of $323.39 million for the quarter, compared to analyst estimates of $319.96 million. Axos Financial had a net margin of 22.41% and a return on equity of 16.72%. During the same quarter last year, the business earned $1.96 EPS. Sell-side analysts predict that Axos Financial, Inc will post 7.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AX shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $100.00 price objective (up from $95.00) on shares of Axos Financial in a research note on Tuesday, September 23rd. Keefe, Bruyette & Woods increased their price target on Axos Financial from $94.00 to $100.00 and gave the company a “market perform” rating in a report on Monday, September 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Axos Financial in a research report on Monday, December 1st. Needham & Company LLC upped their target price on Axos Financial from $105.00 to $107.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, DA Davidson increased their target price on Axos Financial from $106.00 to $107.50 and gave the company a “buy” rating in a research note on Monday. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $97.42.

Hedge Funds Weigh In On Axos Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC acquired a new stake in Axos Financial during the 3rd quarter valued at approximately $26,000. Bessemer Group Inc. raised its position in shares of Axos Financial by 59.6% in the 3rd quarter. Bessemer Group Inc. now owns 348 shares of the company’s stock valued at $29,000 after purchasing an additional 130 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of Axos Financial during the 3rd quarter valued at approximately $29,000. True Wealth Design LLC grew its position in shares of Axos Financial by 120.9% during the second quarter. True Wealth Design LLC now owns 433 shares of the company’s stock worth $33,000 after buying an additional 237 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Axos Financial by 294.7% in the second quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock worth $34,000 after buying an additional 333 shares during the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

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.