Hancock Whitney Corp Grows Stock Position in Axos Financial, Inc. (NYSE:AX)

Hancock Whitney Corp increased its holdings in Axos Financial, Inc. (NYSE:AX) by 1.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,931 shares of the company’s stock after buying an additional 142 shares during the quarter. Hancock Whitney Corp’s holdings in Axos Financial were worth $687,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. increased its holdings in Axos Financial by 4.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,836 shares of the company’s stock worth $241,000 after acquiring an additional 162 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Axos Financial by 5.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 5,291 shares of the company’s stock worth $302,000 after purchasing an additional 266 shares during the period. CWM LLC increased its stake in shares of Axos Financial by 5.4% in the second quarter. CWM LLC now owns 5,208 shares of the company’s stock worth $298,000 after purchasing an additional 269 shares in the last quarter. SummerHaven Investment Management LLC raised its position in shares of Axos Financial by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 17,645 shares of the company’s stock valued at $1,008,000 after purchasing an additional 281 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Axos Financial by 45.7% during the 3rd quarter. GAMMA Investing LLC now owns 982 shares of the company’s stock valued at $62,000 after buying an additional 308 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors.

Axos Financial Stock Performance

NYSE:AX opened at $84.37 on Wednesday. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 10.21 and a beta of 1.38. Axos Financial, Inc. has a 1 year low of $36.93 and a 1 year high of $88.46. The stock’s 50 day simple moving average is $69.34 and its two-hundred day simple moving average is $64.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08.

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.16. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. The company had revenue of $512.87 million for the quarter, compared to analysts’ expectations of $299.59 million. During the same quarter in the previous year, the business posted $1.41 earnings per share. As a group, equities analysts anticipate that Axos Financial, Inc. will post 7.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Needham & Company LLC raised their price target on Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Keefe, Bruyette & Woods increased their target price on Axos Financial from $72.00 to $74.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. StockNews.com cut Axos Financial from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. Piper Sandler increased their price objective on shares of Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, Raymond James boosted their target price on shares of Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Axos Financial presently has a consensus rating of “Hold” and an average price target of $79.80.

Insider Activity

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction 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 sale, the executive vice president now owns 424,149 shares in the company, valued at approximately $26,776,526.37. This represents a 1.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Edward James Ratinoff sold 4,002 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $79.41, for a total value of $317,798.82. Following the completion of the sale, the director now owns 46,209 shares of the company’s stock, valued at approximately $3,669,456.69. This represents a 7.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 134,199 shares of company stock worth $10,882,135. 5.07% of the stock is currently owned by corporate insiders.

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.