Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Axos Financial Inc (NYSE:AX) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 18,489 shares of the company’s stock, valued at approximately $535,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MBM Wealth Consultants LLC purchased a new position in Axos Financial in the first quarter valued at $26,000. Toronto Dominion Bank purchased a new position in Axos Financial in the first quarter valued at $34,000. Public Employees Retirement Association of Colorado purchased a new position in Axos Financial in the first quarter valued at $42,000. LS Investment Advisors LLC purchased a new position in Axos Financial in the first quarter valued at $47,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Axos Financial in the first quarter valued at $83,000. Institutional investors and hedge funds own 72.65% of the company’s stock.
NYSE:AX opened at $28.96 on Monday. The firm has a market capitalization of $1.77 billion, a P/E ratio of 10.89, a P/E/G ratio of 1.02 and a beta of 0.88. Axos Financial Inc has a 12-month low of $23.87 and a 12-month high of $45.18. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.40.
Axos Financial (NYSE:AX) last released its earnings results on Tuesday, April 30th. The company reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.11). The company had revenue of $155.27 million during the quarter, compared to analysts’ expectations of $158.20 million. Axos Financial had a net margin of 24.48% and a return on equity of 16.76%. The company’s revenue was up 10.7% compared to the same quarter last year. Equities research analysts predict that Axos Financial Inc will post 2.83 earnings per share for the current year.
AX has been the subject of a number of recent research reports. Craig Hallum decreased their target price on Axos Financial from $51.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, January 30th. ValuEngine upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. Finally, Compass Point upgraded Axos Financial from a “neutral” rating to a “buy” rating and lifted their target price for the company from $33.00 to $38.00 in a report on Wednesday, February 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Axos Financial currently has a consensus rating of “Buy” and an average target price of $40.60.
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Axos Financial Company Profile
Axos Financial, Inc operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; prime loans to customers secured by new and used automobiles; and term unsecured personal loans to individual borrowers, as well as overdraft lines of credit.
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