Truist Financial Corp Acquires 2,457 Shares of AXOS FINANCIAL, INC $AX

Truist Financial Corp increased its holdings in AXOS FINANCIAL, INC (NYSE:AX) by 24.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,483 shares of the company’s stock after purchasing an additional 2,457 shares during the quarter. Truist Financial Corp’s holdings in AXOS FINANCIAL were worth $949,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AX. Nuveen LLC bought a new stake in shares of AXOS FINANCIAL in the first quarter worth $35,240,000. American Century Companies Inc. grew its stake in shares of AXOS FINANCIAL by 14.7% in the first quarter. American Century Companies Inc. now owns 2,151,229 shares of the company’s stock worth $138,797,000 after purchasing an additional 276,450 shares during the last quarter. Voss Capital LP bought a new stake in shares of AXOS FINANCIAL in the first quarter worth $13,401,000. Militia Capital Partners LP grew its stake in shares of AXOS FINANCIAL by 825.0% in the first quarter. Militia Capital Partners LP now owns 111,000 shares of the company’s stock worth $7,162,000 after purchasing an additional 99,000 shares during the last quarter. Finally, Boston Partners lifted its holdings in AXOS FINANCIAL by 18.2% in the first quarter. Boston Partners now owns 504,815 shares of the company’s stock valued at $31,191,000 after buying an additional 77,730 shares during the period. Institutional investors own 83.79% of the company’s stock.

AXOS FINANCIAL Trading Up 1.7%

AX opened at $80.93 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.09 and a quick ratio of 1.09. AXOS FINANCIAL, INC has a fifty-two week low of $54.46 and a fifty-two week high of $93.84. The firm has a market capitalization of $4.58 billion, a PE ratio of 10.85 and a beta of 1.29. The company’s 50-day moving average is $87.80 and its 200 day moving average is $77.44.

AXOS FINANCIAL (NYSE:AX) last posted its earnings results on Wednesday, July 30th. The company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.12. AXOS FINANCIAL had a net margin of 22.24% and a return on equity of 17.11%. The company had revenue of $321.45 million for the quarter, compared to analyst estimates of $311.73 million. During the same quarter in the prior year, the business posted $1.83 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. As a group, research analysts predict that AXOS FINANCIAL, INC will post 7.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AX shares. Wall Street Zen upgraded shares of AXOS FINANCIAL from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Needham & Company LLC boosted their target price on shares of AXOS FINANCIAL from $102.00 to $105.00 and gave the company a “buy” rating in a report on Monday, September 29th. Weiss Ratings restated a “buy (b-)” rating on shares of AXOS FINANCIAL in a report on Saturday, September 27th. DA Davidson boosted their target price on shares of AXOS FINANCIAL from $100.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Finally, Raymond James Financial restated an “outperform” rating and issued a $100.00 target price (up previously from $95.00) on shares of AXOS FINANCIAL in a report on Tuesday, September 23rd. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, AXOS FINANCIAL has an average rating of “Moderate Buy” and a consensus target price of $96.83.

Insider Transactions at AXOS FINANCIAL

In other AXOS FINANCIAL news, EVP Candace L. Thiele sold 700 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $90.14, for a total value of $63,098.00. Following the completion of the sale, the executive vice president owned 23 shares in the company, valued at approximately $2,073.22. This trade represents a 96.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Andrew J. Micheletti sold 13,960 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $85.38, for a total transaction of $1,191,904.80. Following the completion of the sale, the executive vice president owned 67,460 shares of the company’s stock, valued at approximately $5,759,734.80. This trade represents a 17.15% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.85% of the company’s stock.

About AXOS FINANCIAL

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.