Peregrine Capital Management LLC Buys New Position in Axos Financial Inc (NYSE:AX)

Peregrine Capital Management LLC bought a new stake in shares of Axos Financial Inc (NYSE:AX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 269,174 shares of the company’s stock, valued at approximately $7,335,000. Peregrine Capital Management LLC owned 0.44% of Axos Financial at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. MBM Wealth Consultants LLC bought a new stake in Axos Financial during the first quarter valued at approximately $26,000. CWM Advisors LLC grew its position in Axos Financial by 14.2% during the second quarter. CWM Advisors LLC now owns 7,910 shares of the company’s stock valued at $216,000 after buying an additional 981 shares during the period. Toronto Dominion Bank bought a new stake in Axos Financial during the first quarter valued at approximately $34,000. Mark Sheptoff Financial Planning LLC bought a new position in shares of Axos Financial in the first quarter worth approximately $35,000. Finally, Public Employees Retirement Association of Colorado bought a new position in shares of Axos Financial in the first quarter worth approximately $42,000. Institutional investors own 72.95% of the company’s stock.

Shares of AX stock traded down $1.33 during mid-day trading on Thursday, hitting $27.98. The company had a trading volume of 18,137 shares, compared to its average volume of 285,986. Axos Financial Inc has a 52-week low of $23.87 and a 52-week high of $43.17. The company has a 50 day simple moving average of $27.04. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $1.65 billion, a P/E ratio of 10.15, a P/E/G ratio of 0.86 and a beta of 0.96.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, July 30th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.66 by $0.02. Axos Financial had a net margin of 24.48% and a return on equity of 16.76%. The firm had revenue of $123.70 million for the quarter, compared to the consensus estimate of $124.58 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. As a group, equities analysts expect that Axos Financial Inc will post 3.16 earnings per share for the current year.

AX has been the subject of a number of recent analyst reports. B. Riley set a $33.00 price target on shares of Axos Financial and gave the stock a “buy” rating in a research report on Thursday, July 11th. Zacks Investment Research upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. ValuEngine upgraded shares of Axos Financial from a “strong sell” rating to a “sell” rating in a research report on Thursday. Finally, Compass Point upgraded shares of Axos Financial from a “neutral” rating to a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $38.80.

Axos Financial Profile

Axos Financial, Inc operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; prime loans to customers secured by new and used automobiles; and term unsecured personal loans to individual borrowers, as well as overdraft lines of credit.

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Institutional Ownership by Quarter for Axos Financial (NYSE:AX)

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