Stieven Capital Advisors L.P. Decreases Stock Position in Axos Financial, Inc. (NYSE:AX)

Stieven Capital Advisors L.P. cut its stake in shares of Axos Financial, Inc. (NYSE:AX - Free Report) by 17.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 235,659 shares of the company's stock after selling 49,674 shares during the quarter. Axos Financial makes up approximately 2.9% of Stieven Capital Advisors L.P.'s holdings, making the stock its 11th biggest position. Stieven Capital Advisors L.P. owned about 0.41% of Axos Financial worth $16,461,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AX. Wasatch Advisors LP boosted its stake in Axos Financial by 34.0% in the 3rd quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company's stock worth $72,610,000 after purchasing an additional 292,952 shares during the period. State Street Corp boosted its stake in Axos Financial by 5.5% in the 3rd quarter. State Street Corp now owns 3,178,708 shares of the company's stock worth $199,877,000 after purchasing an additional 164,997 shares during the period. Assenagon Asset Management S.A. bought a new position in Axos Financial in the 4th quarter worth approximately $9,849,000. Geode Capital Management LLC boosted its stake in Axos Financial by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company's stock worth $90,861,000 after purchasing an additional 91,797 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Axos Financial by 27.9% in the 3rd quarter. Principal Financial Group Inc. now owns 320,717 shares of the company's stock worth $20,167,000 after purchasing an additional 70,017 shares during the period. 83.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AX has been the subject of several recent analyst reports. Raymond James restated an "outperform" rating and issued a $80.00 price target (up from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Needham & Company LLC upped their price target on Axos Financial from $85.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. DA Davidson lowered their target price on Axos Financial from $96.00 to $88.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. StockNews.com upgraded Axos Financial from a "sell" rating to a "hold" rating in a research report on Monday, December 9th. Finally, Keefe, Bruyette & Woods lowered their target price on Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $84.17.

Axos Financial Trading Down 0.3 %

NYSE:AX traded down $0.19 during midday trading on Wednesday, hitting $70.11. 300,777 shares of the company traded hands, compared to its average volume of 408,936. The firm's fifty day moving average is $71.60 and its 200-day moving average is $70.17. Axos Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $88.46. The firm has a market capitalization of $4.00 billion, a P/E ratio of 9.42 and a beta of 1.45. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts predict that Axos Financial, Inc. will post 7.22 EPS for the current 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.