Axos Financial, Inc (NYSE:AX) is Stieven Capital Advisors L.P.'s 6th Largest Position

Stieven Capital Advisors L.P. grew its holdings in shares of Axos Financial, Inc (NYSE:AX - Free Report) by 20.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 283,759 shares of the company's stock after acquiring an additional 48,100 shares during the quarter. Axos Financial comprises 3.5% of Stieven Capital Advisors L.P.'s investment portfolio, making the stock its 6th largest position. Stieven Capital Advisors L.P. owned about 0.50% of Axos Financial worth $18,308,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of AX. Heck Capital Advisors LLC bought a new stake in shares of Axos Financial during the 4th quarter valued at about $35,000. NewEdge Advisors LLC lifted its position in Axos Financial by 1,700.0% in the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company's stock worth $63,000 after buying an additional 850 shares during the last quarter. GAMMA Investing LLC lifted its position in Axos Financial by 39.2% in the 1st quarter. GAMMA Investing LLC now owns 1,834 shares of the company's stock worth $118,000 after buying an additional 516 shares during the last quarter. US Bancorp DE lifted its position in Axos Financial by 80.7% in the 4th quarter. US Bancorp DE now owns 1,859 shares of the company's stock worth $130,000 after buying an additional 830 shares during the last quarter. Finally, Covestor Ltd lifted its position in Axos Financial by 24.1% in the 4th quarter. Covestor Ltd now owns 2,274 shares of the company's stock worth $158,000 after buying an additional 442 shares during the last quarter. Institutional investors own 83.79% of the company's stock.

Axos Financial Stock Performance

NYSE:AX opened at $84.01 on Friday. The firm has a market cap of $4.74 billion, a PE ratio of 11.45 and a beta of 1.29. Axos Financial, Inc has a fifty-two week low of $54.46 and a fifty-two week high of $88.46. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.09 and a current ratio of 1.09. The business has a 50 day moving average price of $73.52 and a 200-day moving average price of $68.73.

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 for the quarter, beating analysts' consensus estimates of $1.74 by $0.07. The firm had revenue of $432.72 million during the quarter, compared to analyst estimates of $305.04 million. Axos Financial had a return on equity of 17.58% and a net margin of 21.93%. During the same quarter in the prior year, the firm posted $1.91 earnings per share. Equities research analysts predict that Axos Financial, Inc will post 7.22 earnings per share for the current year.

Axos Financial declared that its Board of Directors has approved a share repurchase plan on Monday, May 12th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 2.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

AX has been the subject of a number of recent research reports. DA Davidson dropped their target price on Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Jefferies Financial Group initiated coverage on Axos Financial in a research report on Wednesday, May 21st. They issued a "buy" rating and a $90.00 target price for the company. Needham & Company LLC boosted their target price on Axos Financial from $88.00 to $92.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Wall Street Zen downgraded Axos Financial from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Finally, Raymond James Financial boosted their target price on Axos Financial from $72.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Axos Financial has an average rating of "Moderate Buy" and an average price target of $85.86.

Insider Activity at Axos Financial

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 stock was 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 owned 113,295 shares in the company, valued at $7,714,256.55. This represents a 20.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.07% of the stock is currently owned by corporate insiders.

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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