Axos Financial, Inc. (NYSE:AX) Short Interest Update

Axos Financial, Inc. (NYSE:AX - Get Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 6,120,000 shares, a decrease of 10.1% from the July 15th total of 6,810,000 shares. Currently, 11.9% of the company's stock are short sold. Based on an average daily trading volume, of 682,800 shares, the days-to-cover ratio is presently 9.0 days.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AX shares. Piper Sandler increased their price target on shares of Axos Financial from $68.00 to $84.00 and gave the company an "overweight" rating in a research note on Wednesday, July 31st. Wedbush lifted their price target on shares of Axos Financial from $60.00 to $80.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods downgraded shares of Axos Financial from an "outperform" rating to a "market perform" rating and set a $79.00 price objective for the company. in a research note on Wednesday, July 31st. Finally, Raymond James lifted their target price on Axos Financial from $67.00 to $81.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Axos Financial currently has a consensus rating of "Hold" and a consensus price target of $81.00.

Hedge Funds Weigh In On Axos Financial

Several hedge funds have recently bought and sold shares of the company. Hollencrest Capital Management purchased a new position in shares of Axos Financial during the 2nd quarter worth approximately $25,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Axos Financial in the fourth quarter valued at $26,000. Investment Research & Advisory Group Inc. acquired a new stake in shares of Axos Financial during the first quarter valued at $27,000. EntryPoint Capital LLC increased its position in Axos Financial by 816.7% during the 1st quarter. EntryPoint Capital LLC now owns 495 shares of the company's stock worth $27,000 after purchasing an additional 441 shares in the last quarter. Finally, FinTrust Capital Advisors LLC purchased a new position in Axos Financial in the 4th quarter valued at about $44,000. 83.79% of the stock is owned by hedge funds and other institutional investors.

Axos Financial Price Performance

Shares of NYSE AX traded up $2.12 during trading on Friday, hitting $64.22. 592,602 shares of the company were exchanged, compared to its average volume of 614,358. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.07. Axos Financial has a 1 year low of $32.05 and a 1 year high of $79.15. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 8.71 and a beta of 1.43. The firm's fifty day moving average price is $62.27 and its 200 day moving average price is $56.51.

Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.80 EPS for the quarter, hitting analysts' consensus estimates of $1.80. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. The firm had revenue of $484.29 million for the quarter, compared to the consensus estimate of $296.02 million. During the same quarter in the previous year, the firm earned $1.50 earnings per share. On average, sell-side analysts expect that Axos Financial will post 7.25 earnings per share for the current fiscal year.

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.