Kestrel Investment Management Corp Sells 20,300 Shares of Axos Financial, Inc. (NYSE:AX)

Kestrel Investment Management Corp trimmed its position in shares of Axos Financial, Inc. (NYSE:AX) by 17.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,250 shares of the company’s stock after selling 20,300 shares during the quarter. Axos Financial accounts for 3.7% of Kestrel Investment Management Corp’s investment portfolio, making the stock its 9th largest holding. Kestrel Investment Management Corp’s holdings in Axos Financial were worth $5,419,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AX. Carmel Capital Partners LLC purchased a new stake in Axos Financial in the 3rd quarter valued at $30,000. Avior Wealth Management LLC raised its position in Axos Financial by 102.5% in the 3rd quarter. Avior Wealth Management LLC now owns 810 shares of the company’s stock valued at $31,000 after buying an additional 410 shares during the last quarter. Ronald Blue Trust Inc. raised its position in Axos Financial by 268.0% in the 3rd quarter. Ronald Blue Trust Inc. now owns 942 shares of the company’s stock valued at $37,000 after buying an additional 686 shares during the last quarter. State of Wyoming raised its position in Axos Financial by 50.0% in the 4th quarter. State of Wyoming now owns 1,131 shares of the company’s stock valued at $43,000 after buying an additional 377 shares during the last quarter. Finally, Quarry LP raised its position in Axos Financial by 51.6% in the 1st quarter. Quarry LP now owns 1,252 shares of the company’s stock valued at $46,000 after buying an additional 426 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.

Insider Activity

In related news, EVP Andrew J. Micheletti sold 1,548 shares of Axos Financial stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $51.57, for a total value of $79,830.36. Following the completion of the sale, the executive vice president now owns 427,535 shares of the company’s stock, valued at approximately $22,047,979.95. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Andrew J. Micheletti sold 2,500 shares of Axos Financial stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $52.89, for a total value of $132,225.00. Following the completion of the sale, the executive vice president now owns 422,583 shares of the company’s stock, valued at approximately $22,350,414.87. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Andrew J. Micheletti sold 1,548 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $51.57, for a total value of $79,830.36. Following the completion of the transaction, the executive vice president now owns 427,535 shares of the company’s stock, valued at approximately $22,047,979.95. The disclosure for this sale can be found here. Insiders own 4.82% of the company’s stock.

Axos Financial Stock Performance

Shares of Axos Financial stock traded up $1.09 during trading hours on Friday, hitting $50.30. 637,765 shares of the company’s stock traded hands, compared to its average volume of 555,342. Axos Financial, Inc. has a 12-month low of $32.05 and a 12-month high of $60.00. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 7.42 and a beta of 1.44. The company has a fifty day simple moving average of $51.52 and a 200-day simple moving average of $47.69. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 1.07.

Axos Financial (NYSE:AX) last announced its earnings results on Tuesday, January 30th. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.21. Axos Financial had a return on equity of 17.83% and a net margin of 24.55%. The firm had revenue of $352.74 million during the quarter, compared to analyst estimates of $247.43 million. During the same period last year, the firm posted $1.38 EPS. The business’s revenue was up 54.5% compared to the same quarter last year. Equities research analysts anticipate that Axos Financial, Inc. will post 6.45 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AX shares. Raymond James increased their price target on Axos Financial from $45.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Wedbush increased their price target on Axos Financial from $59.00 to $62.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Finally, StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, February 5th.

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.