Hancock Whitney Corp Increases Stake in Axos Financial, Inc. (NYSE:AX)

Hancock Whitney Corp lifted its position in Axos Financial, Inc. (NYSE:AX) by 1.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,931 shares of the company’s stock after purchasing an additional 142 shares during the period. Hancock Whitney Corp’s holdings in Axos Financial were worth $687,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC lifted its holdings in Axos Financial by 453.9% in the 2nd quarter. SG Americas Securities LLC now owns 32,124 shares of the company’s stock worth $1,836,000 after buying an additional 26,324 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in Axos Financial by 19.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 50,460 shares of the company’s stock worth $2,727,000 after acquiring an additional 8,322 shares during the period. Janus Henderson Group PLC boosted its holdings in Axos Financial by 130.1% in the first quarter. Janus Henderson Group PLC now owns 55,640 shares of the company’s stock valued at $3,007,000 after acquiring an additional 31,464 shares in the last quarter. Maverick Capital Ltd. increased its position in Axos Financial by 287.4% during the 2nd quarter. Maverick Capital Ltd. now owns 36,200 shares of the company’s stock valued at $2,069,000 after purchasing an additional 26,855 shares during the period. Finally, Algert Global LLC raised its holdings in Axos Financial by 9.9% in the 2nd quarter. Algert Global LLC now owns 183,352 shares of the company’s stock worth $10,479,000 after purchasing an additional 16,448 shares in the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AX shares. Keefe, Bruyette & Woods lifted their target price on shares of Axos Financial from $72.00 to $74.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. Piper Sandler upped their target price on Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Needham & Company LLC increased their target price on Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Wedbush dropped their price target on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Finally, Raymond James increased their price objective on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Axos Financial presently has a consensus rating of “Hold” and an average price target of $79.80.

Insider Activity at Axos Financial

In other news, Director Edward James Ratinoff sold 4,002 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $79.41, for a total transaction of $317,798.82. Following the completion of the transaction, the director now directly owns 46,209 shares of the company’s stock, valued at $3,669,456.69. The trade was a 7.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew J. Micheletti sold 5,197 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $63.13, for a total transaction of $328,086.61. Following the completion of the sale, the executive vice president now owns 424,149 shares in the company, valued at $26,776,526.37. This represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 134,199 shares of company stock valued at $10,882,135 over the last 90 days. Corporate insiders own 5.07% of the company’s stock.

Axos Financial Trading Down 2.6 %

Axos Financial stock opened at $84.37 on Wednesday. Axos Financial, Inc. has a 12 month low of $36.93 and a 12 month high of $88.46. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. The business’s fifty day simple moving average is $69.34 and its two-hundred day simple moving average is $64.50. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 10.21 and a beta of 1.38.

Axos Financial (NYSE:AX) last announced 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. The company had revenue of $512.87 million for the quarter, compared to the consensus estimate of $299.59 million. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. During the same period in the prior year, the firm posted $1.41 EPS. As a group, equities analysts predict that Axos Financial, Inc. will post 7.02 earnings per share for the current fiscal year.

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.