AXOS FINANCIAL (NYSE:AX) EVP Sells $63,098.00 in Stock

Key Points

• Candace Thiele, EVP of Axos Financial, sold 700 shares of the firm's stock valued at $63,098, representing a 96.82% decrease in her holdings.
• The company recently reported a quarterly earnings per share (EPS) of $1.94, exceeding analysts' expectations and reflecting a 10.5% year-over-year revenue growth.
• Axos Financial's Board of Directors approved a $100 million share buyback program, signaling confidence that the stock is undervalued.

AXOS FINANCIAL, INC (NYSE:AX - Get Free Report) EVP Candace Thiele sold 700 shares of the firm's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $90.14, for a total value of $63,098.00. Following the transaction, the executive vice president directly owned 23 shares of the company's stock, valued at $2,073.22. The trade was a 96.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

AXOS FINANCIAL Price Performance

AXOS FINANCIAL stock traded up $0.37 during mid-day trading on Wednesday, hitting $90.39. 414,036 shares of the company were exchanged, compared to its average volume of 309,019. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.09 and a quick ratio of 1.09. The business's 50 day simple moving average is $85.70 and its two-hundred day simple moving average is $73.01. The company has a market capitalization of $5.11 billion, a P/E ratio of 12.12 and a beta of 1.32. AXOS FINANCIAL, INC has a 12-month low of $54.46 and a 12-month high of $92.99.

AXOS FINANCIAL (NYSE:AX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.94 EPS for the quarter, beating analysts' consensus estimates of $1.82 by $0.12. The business had revenue of $321.45 million during the quarter, compared to the consensus estimate of $311.73 million. AXOS FINANCIAL had a return on equity of 17.11% and a net margin of 22.24%.The business's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.83 earnings per share. Analysts forecast that AXOS FINANCIAL, INC will post 7.22 earnings per share for the current fiscal year.

AXOS FINANCIAL declared that its Board of Directors has approved a share buyback program on Monday, May 12th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 2.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

AX has been the topic of a number of recent research reports. Keefe, Bruyette & Woods boosted their price objective on AXOS FINANCIAL from $90.00 to $94.00 and gave the stock a "market perform" rating in a research note on Thursday, July 31st. Needham & Company LLC boosted their price objective on AXOS FINANCIAL from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Wall Street Zen raised AXOS FINANCIAL from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. DA Davidson upped their target price on AXOS FINANCIAL from $96.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Jefferies Financial Group initiated coverage on AXOS FINANCIAL in a report on Wednesday, May 21st. They set a "buy" rating and a $90.00 target price for the company. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $90.86.

Institutional Investors Weigh In On AXOS FINANCIAL

Institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its position in AXOS FINANCIAL by 94.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,017 shares of the company's stock worth $517,000 after purchasing an additional 3,901 shares during the period. GAMMA Investing LLC lifted its position in AXOS FINANCIAL by 39.2% in the first quarter. GAMMA Investing LLC now owns 1,834 shares of the company's stock worth $118,000 after purchasing an additional 516 shares during the period. Envestnet Asset Management Inc. lifted its position in AXOS FINANCIAL by 16.0% in the first quarter. Envestnet Asset Management Inc. now owns 50,402 shares of the company's stock worth $3,252,000 after purchasing an additional 6,957 shares during the period. SG Americas Securities LLC acquired a new stake in AXOS FINANCIAL in the first quarter worth approximately $750,000. Finally, Cetera Investment Advisers lifted its position in AXOS FINANCIAL by 11.0% in the fourth quarter. Cetera Investment Advisers now owns 7,941 shares of the company's stock worth $555,000 after purchasing an additional 786 shares during the period. 83.79% of the stock is currently owned by institutional investors and hedge funds.

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.

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