Axos Financial, Inc. (NYSE:AX) Stock Position Increased by Ategra Capital Management LLC

Ategra Capital Management LLC grew its stake in Axos Financial, Inc. (NYSE:AX - Free Report) by 47.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 214,280 shares of the company's stock after buying an additional 69,438 shares during the period. Axos Financial accounts for 9.9% of Ategra Capital Management LLC's holdings, making the stock its 3rd biggest position. Ategra Capital Management LLC owned 0.38% of Axos Financial worth $14,967,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in Axos Financial in the 4th quarter worth approximately $35,000. Kestra Investment Management LLC purchased a new stake in Axos Financial during the 4th quarter worth approximately $52,000. NewEdge Advisors LLC raised its stake in Axos Financial by 1,700.0% in the 4th 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 last quarter. R Squared Ltd acquired a new stake in shares of Axos Financial in the fourth quarter valued at about $66,000. Finally, SRS Capital Advisors Inc. raised its holdings in Axos Financial by 238.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock valued at $77,000 after acquiring an additional 773 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 29th. DA Davidson decreased their price objective on shares of Axos Financial from $88.00 to $84.00 and set a "buy" rating on the stock in a report on Thursday. Needham & Company LLC reissued a "buy" rating and set a $88.00 target price on shares of Axos Financial in a research note on Thursday. Raymond James restated an "outperform" rating and issued a $72.00 price objective (down previously from $80.00) on shares of Axos Financial in a report on Friday. Finally, Piper Sandler cut their price target on Axos Financial from $84.00 to $80.00 and set an "overweight" rating on the stock in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $81.50.

Axos Financial Stock Up 0.5 %

Shares of NYSE:AX traded up $0.35 on Monday, hitting $67.72. 350,070 shares of the company's stock were exchanged, compared to its average volume of 523,076. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. Axos Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $88.46. The company has a market capitalization of $3.82 billion, a PE ratio of 9.10 and a beta of 1.25. The firm's 50-day moving average is $62.59 and its 200 day moving average is $69.56.

Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.07. The company had revenue of $432.72 million during the quarter, compared to the consensus estimate of $305.04 million. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. During the same quarter in the prior year, the firm posted $1.91 earnings per share. Sell-side analysts predict that Axos Financial, Inc. will post 7.22 EPS for the current year.

Insider Activity

In related news, Director Sara Wardell-Smith bought 3,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the purchase, the director now owns 10,250 shares of the company's stock, valued at $663,482.50. This trade represents a 41.38 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.07% of the company's stock.

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.