Huntington National Bank Sells 254 Shares of Axos Financial, Inc. (NYSE:AX)

Huntington National Bank lowered its position in shares of Axos Financial, Inc. (NYSE:AX) by 8.5% during the third quarter, HoldingsChannel.com reports. The fund owned 2,723 shares of the company’s stock after selling 254 shares during the quarter. Huntington National Bank’s holdings in Axos Financial were worth $171,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Crossmark Global Holdings Inc. lifted its position in shares of Axos Financial by 4.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,836 shares of the company’s stock valued at $241,000 after acquiring an additional 162 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in shares of Axos Financial by 5.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 5,291 shares of the company’s stock valued at $302,000 after purchasing an additional 266 shares during the period. CWM LLC boosted its position in shares of Axos Financial by 5.4% during the 2nd quarter. CWM LLC now owns 5,208 shares of the company’s stock worth $298,000 after purchasing an additional 269 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Axos Financial by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 17,645 shares of the company’s stock valued at $1,008,000 after buying an additional 281 shares during the period. Finally, GAMMA Investing LLC increased its position in Axos Financial by 45.7% in the 3rd quarter. GAMMA Investing LLC now owns 982 shares of the company’s stock valued at $62,000 after buying an additional 308 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AX. StockNews.com lowered Axos Financial from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. Keefe, Bruyette & Woods lifted their price target on shares of Axos Financial from $72.00 to $74.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. Raymond James lifted their price objective on shares of Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Piper Sandler upped their target price on shares of Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Wedbush cut their price target on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Axos Financial currently has a consensus rating of “Hold” and an average price target of $79.80.

Axos Financial Stock Performance

NYSE AX opened at $80.16 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. The company has a fifty day moving average price of $67.01 and a 200-day moving average price of $63.53. Axos Financial, Inc. has a 1 year low of $36.93 and a 1 year high of $85.54. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 9.70 and a beta of 1.38.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.80 by $0.16. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. The firm had revenue of $512.87 million during the quarter, compared to analyst estimates of $299.59 million. During the same quarter last year, the business posted $1.41 EPS. As a group, equities research analysts predict that Axos Financial, Inc. will post 7.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of Axos Financial stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $63.13, for a total value of $328,086.61. Following the sale, the executive vice president now owns 424,149 shares of the company’s stock, valued at approximately $26,776,526.37. The trade was a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory Garrabrants sold 125,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the transaction, the chief executive officer now directly owns 1,340,377 shares of the company’s stock, valued at $109,763,472.53. This represents a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 134,199 shares of company stock valued at $10,882,135. Insiders own 5.07% 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.