Pembroke Management LTD acquired a new position in shares of Axos Financial Inc (NYSE:AX) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 862,009 shares of the company’s stock, valued at approximately $23,490,000. Axos Financial comprises about 2.5% of Pembroke Management LTD’s investment portfolio, making the stock its 14th biggest position.
A number of other hedge funds also recently modified their holdings of the business. Rice Hall James & Associates LLC acquired a new stake in Axos Financial during the first quarter worth approximately $37,270,000. Janus Henderson Group PLC acquired a new stake in shares of Axos Financial in the first quarter valued at approximately $22,750,000. JPMorgan Chase & Co. acquired a new stake in shares of Axos Financial in the first quarter valued at approximately $20,716,000. Shaker Investments LLC OH acquired a new stake in shares of Axos Financial in the first quarter valued at approximately $17,897,000. Finally, Wasatch Advisors Inc. acquired a new stake in shares of Axos Financial in the first quarter valued at approximately $17,727,000. Hedge funds and other institutional investors own 72.95% of the company’s stock.
A number of research firms have recently weighed in on AX. B. Riley set a $33.00 price target on shares of Axos Financial and gave the company a “buy” rating in a research report on Thursday, July 11th. Zacks Investment Research upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Thursday. Compass Point upgraded shares of Axos Financial from a “neutral” rating to a “buy” rating in a research report on Wednesday. Finally, ValuEngine upgraded shares of Axos Financial from a “strong sell” rating to a “sell” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $38.80.
Shares of NYSE AX traded down $0.88 during midday trading on Friday, reaching $26.67. The company’s stock had a trading volume of 483,812 shares, compared to its average volume of 320,745. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. Axos Financial Inc has a fifty-two week low of $23.87 and a fifty-two week high of $43.17. The stock’s 50 day moving average price is $26.99. The firm has a market cap of $1.80 billion, a P/E ratio of 9.70, a P/E/G ratio of 0.92 and a beta of 0.97.
Axos Financial (NYSE:AX) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.02. The company had revenue of $123.70 million during the quarter, compared to the consensus estimate of $124.58 million. Axos Financial had a net margin of 23.92% and a return on equity of 16.79%. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 earnings per share. Sell-side analysts anticipate that Axos Financial Inc will post 3.17 earnings per share for the current year.
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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