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

Stieven Capital Advisors L.P. boosted its holdings in shares of Axos Financial, Inc (NYSE:AX - Free Report) by 20.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 283,759 shares of the company's stock after buying an additional 48,100 shares during the period. Axos Financial makes up about 3.5% of Stieven Capital Advisors L.P.'s holdings, making the stock its 6th largest holding. Stieven Capital Advisors L.P. owned 0.50% of Axos Financial worth $18,308,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AX. Vanguard Group Inc. lifted its stake in Axos Financial by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 6,129,602 shares of the company's stock worth $428,153,000 after purchasing an additional 49,695 shares during the last quarter. American Century Companies Inc. lifted its stake in Axos Financial by 9.6% during the fourth quarter. American Century Companies Inc. now owns 1,874,779 shares of the company's stock worth $130,953,000 after purchasing an additional 163,952 shares during the last quarter. Geode Capital Management LLC lifted its stake in Axos Financial by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 1,488,259 shares of the company's stock worth $103,975,000 after purchasing an additional 43,503 shares during the last quarter. Northern Trust Corp lifted its stake in Axos Financial by 4.7% during the fourth quarter. Northern Trust Corp now owns 742,837 shares of the company's stock worth $51,887,000 after purchasing an additional 33,207 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Axos Financial by 8.7% during the fourth quarter. Ameriprise Financial Inc. now owns 677,546 shares of the company's stock worth $47,330,000 after purchasing an additional 54,238 shares during the last quarter. Institutional investors own 83.79% of the company's stock.

Insider Buying and Selling at Axos Financial

In other news, Director Paul Grinberg sold 30,000 shares of the stock in a transaction 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 transaction, the director directly owned 113,295 shares of the company's stock, valued at $7,714,256.55. This represents a 20.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.07% of the stock is owned by insiders.

Axos Financial Stock Down 3.4%

AX traded down $2.91 during trading on Tuesday, hitting $82.80. 421,327 shares of the company's stock traded hands, compared to its average volume of 470,438. The company's 50 day simple moving average is $73.52 and its two-hundred day simple moving average is $68.68. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.19. Axos Financial, Inc has a 12-month low of $54.46 and a 12-month high of $88.46. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 11.28 and a beta of 1.29.

Axos Financial (NYSE:AX - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.74 by $0.07. Axos Financial had a return on equity of 17.58% and a net margin of 21.93%. The business had revenue of $432.72 million for the quarter, compared to the consensus estimate of $305.04 million. During the same period last year, the business posted $1.91 EPS. Analysts predict 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 repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have recently weighed in on AX. DA Davidson lowered their target price on Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Wall Street Zen lowered Axos Financial from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Jefferies Financial Group began coverage on Axos Financial in a research note on Wednesday, May 21st. They issued a "buy" rating and a $90.00 target price for the company. Piper Sandler lowered their target price on Axos Financial from $84.00 to $80.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Finally, Raymond James Financial boosted their price target on Axos Financial from $72.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Axos Financial presently has an average rating of "Moderate Buy" and a consensus target price of $85.86.

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.