Bank Hapoalim BM acquired a new stake in shares of Axos Financial Inc (NYSE:AX) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 38,150 shares of the company’s stock, valued at approximately $1,105,000. Bank Hapoalim BM owned approximately 0.06% of Axos Financial at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. MBM Wealth Consultants LLC acquired a new position in shares of Axos Financial during the first quarter worth $26,000. Toronto Dominion Bank acquired a new position in shares of Axos Financial during the first quarter worth $34,000. Public Employees Retirement Association of Colorado acquired a new position in shares of Axos Financial during the first quarter worth $42,000. LS Investment Advisors LLC acquired a new position in shares of Axos Financial during the first quarter worth $47,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Axos Financial during the first quarter worth $83,000. Institutional investors and hedge funds own 77.62% of the company’s stock.
Several research analysts have recently issued reports on AX shares. Craig Hallum lowered their price target on shares of Axos Financial from $51.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, January 30th. Compass Point upgraded shares of Axos Financial from a “neutral” rating to a “buy” rating and upped their price target for the stock from $33.00 to $38.00 in a report on Wednesday, February 6th. Finally, ValuEngine downgraded shares of Axos Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $40.60.
Axos Financial (NYSE:AX) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.84 earnings per share 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 analyst estimates of $158.20 million. Axos Financial had a net margin of 24.48% and a return on equity of 16.76%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Axos Financial Inc will post 2.83 EPS for the current year.
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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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