Ategra Capital Management LLC Buys 69,438 Shares of Axos Financial, Inc. (NYSE:AX)

Ategra Capital Management LLC lifted its holdings in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 47.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,280 shares of the company's stock after acquiring an additional 69,438 shares during the quarter. Axos Financial comprises approximately 9.9% of Ategra Capital Management LLC's holdings, making the stock its 3rd biggest holding. Ategra Capital Management LLC owned approximately 0.38% of Axos Financial worth $14,967,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in Axos Financial by 32.6% during the third quarter. Barclays PLC now owns 142,715 shares of the company's stock worth $8,974,000 after purchasing an additional 35,087 shares in the last quarter. Virtu Financial LLC acquired a new stake in Axos Financial during the third quarter worth $277,000. World Investment Advisors LLC bought a new stake in shares of Axos Financial in the 3rd quarter worth about $221,000. Principal Financial Group Inc. increased its position in Axos Financial by 27.9% in the 3rd quarter. Principal Financial Group Inc. now owns 320,717 shares of the company's stock valued at $20,167,000 after acquiring an additional 70,017 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Axos Financial by 12.9% during the third quarter. JPMorgan Chase & Co. now owns 281,658 shares of the company's stock worth $17,711,000 after buying an additional 32,095 shares during the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Paul Grinberg sold 30,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $68.09, for a total transaction of $2,042,700.00. Following the completion of the transaction, the director now owns 113,295 shares of the company's stock, valued at approximately $7,714,256.55. This represents a 20.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sara Wardell-Smith bought 3,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was acquired 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 in the company, valued at approximately $663,482.50. This trade represents a 41.38 % increase in their position. The disclosure for this purchase can be found here. 5.07% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on AX shares. Piper Sandler dropped their target price on Axos Financial from $84.00 to $80.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Raymond James reaffirmed an "outperform" rating and set a $72.00 price objective (down previously from $80.00) on shares of Axos Financial in a research report on Friday, May 2nd. DA Davidson cut their target price on Axos Financial from $88.00 to $84.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Keefe, Bruyette & Woods reduced their target price on Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a report on Wednesday, January 29th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $88.00 price objective on shares of Axos Financial in a report on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $81.50.

Axos Financial Stock Up 3.3 %

Axos Financial stock traded up $2.20 during mid-day trading on Thursday, reaching $69.30. 80,143 shares of the company were exchanged, compared to its average volume of 519,355. The business has a fifty day moving average of $62.62 and a 200 day moving average of $69.53. The firm has a market cap of $3.91 billion, a P/E ratio of 9.31 and a beta of 1.25. 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 12-month low of $44.10 and a 12-month high of $88.46.

Axos Financial (NYSE:AX - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.74 by $0.07. The firm had revenue of $432.72 million for the quarter, compared to analyst estimates of $305.04 million. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. During the same quarter last year, the firm posted $1.91 EPS. Research analysts anticipate that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

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.