Parkside Financial Bank & Trust Purchases 849 Shares of Axos Financial, Inc. (NYSE:AX)

Parkside Financial Bank & Trust increased its position in shares of Axos Financial, Inc. (NYSE:AX) by 206.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,261 shares of the company’s stock after acquiring an additional 849 shares during the period. Parkside Financial Bank & Trust’s holdings in Axos Financial were worth $88,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp grew its position in shares of Axos Financial by 5.5% in the 3rd quarter. State Street Corp now owns 3,178,708 shares of the company’s stock valued at $199,877,000 after buying an additional 164,997 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Axos Financial by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock valued at $90,861,000 after buying an additional 91,797 shares during the last quarter. Wasatch Advisors LP grew its position in shares of Axos Financial by 34.0% in the 3rd quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock valued at $72,610,000 after buying an additional 292,952 shares during the last quarter. Geneva Capital Management LLC grew its position in shares of Axos Financial by 0.3% in the 3rd quarter. Geneva Capital Management LLC now owns 708,520 shares of the company’s stock valued at $44,552,000 after buying an additional 1,976 shares during the last quarter. Finally, Emerald Advisers LLC grew its position in shares of Axos Financial by 14.4% in the 3rd quarter. Emerald Advisers LLC now owns 505,544 shares of the company’s stock valued at $31,789,000 after buying an additional 63,458 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.

Axos Financial Stock Up 0.5 %

AX stock opened at $66.69 on Monday. The stock’s 50 day simple moving average is $70.10 and its 200 day simple moving average is $70.32. Axos Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $3.81 billion, a P/E ratio of 8.96 and a beta of 1.45.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. On average, research analysts expect that Axos Financial, Inc. will post 7.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on AX. Raymond James reiterated an “outperform” rating and issued a $80.00 price target (up previously from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Needham & Company LLC upped their target price on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. DA Davidson cut their target price on Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Keefe, Bruyette & Woods cut their target price on Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 29th. Finally, StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.17.

Axos Financial 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.