Axos Financial, Inc $AX Shares Acquired by CenterBook Partners LP

Key Points

• CenterBook Partners increased its Axos Financial stake by 307.5% in the third quarter, adding 20,183 shares to hold 26,747 shares worth about $2.315 million.
• Axos reported quarterly EPS of $2.34, beating the $2.26 consensus estimate, while revenue of $395.07 million exceeded forecasts and rose 22.2% year over year.
• Analysts give the stock a “Moderate Buy” consensus rating, with an average price target of $115.67.

CenterBook Partners LP raised its position in Axos Financial, Inc (NYSE:AX - Free Report) by 307.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,747 shares of the company's stock after acquiring an additional 20,183 shares during the quarter. CenterBook Partners LP's holdings in Axos Financial were worth $2,315,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. State of Wyoming bought a new position in shares of Axos Financial during the first quarter valued at about $30,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Axos Financial during the second quarter worth about $47,000. Root Financial Partners LLC purchased a new stake in shares of Axos Financial during the third quarter worth about $48,000. Versant Capital Management Inc grew its stake in shares of Axos Financial by 77.9% in the second quarter. Versant Capital Management Inc now owns 708 shares of the company's stock worth $69,000 after purchasing an additional 310 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Axos Financial by 42.8% in the first quarter. EverSource Wealth Advisors LLC now owns 767 shares of the company's stock worth $65,000 after purchasing an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company's stock.

Axos Financial Stock Up 0.1%

Shares of NYSE AX opened at $92.77 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.33. Axos Financial, Inc has a 12 month low of $74.89 and a 12 month high of $105.74. The firm has a market capitalization of $5.26 billion, a PE ratio of 10.57 and a beta of 1.31. The firm has a fifty day simple moving average of $91.26 and a two-hundred day simple moving average of $92.43.

Axos Financial (NYSE:AX - Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $2.34 EPS for the quarter, topping the consensus estimate of $2.26 by $0.08. The firm had revenue of $395.07 million during the quarter, compared to analysts' expectations of $386.30 million. Axos Financial had a net margin of 22.33% and a return on equity of 16.75%. The company's quarterly revenue was up 22.2% compared to the same quarter last year. During the same period last year, the company posted $1.94 EPS. Equities analysts expect that Axos Financial, Inc will post 9.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AX shares. Needham & Company LLC restated a "buy" rating and set a $128.00 price target on shares of Axos Financial in a report on Monday, October 5th. DA Davidson set a $121.00 price objective on Axos Financial in a report on Friday, July 31st. Weiss Ratings upgraded Axos Financial from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, October 9th. Benchmark lifted their price objective on Axos Financial from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Finally, Keefe, Bruyette & Woods boosted their target price on Axos Financial from $105.00 to $110.00 and gave the company a "market perform" rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $115.67.

Axos Financial Company Profile

Axos Financial, Inc is a diversified financial services holding company whose principal subsidiary, Axos Bank, provides digital banking services to individuals and businesses across the United States. Its offerings include deposit accounts, mortgages, personal loans, and banking and lending solutions for businesses.

The company also serves financial institutions and investors through businesses that provide securities clearing, custody, and related services. Its range of operations combines consumer and commercial banking with specialized financial services.

Axos traces its roots to Bank of Internet USA, which began operations in 2000 as an online-focused bank.

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