Global Alpha Capital Management Ltd. bought a new position in shares of Axos Financial Inc (NYSE:AX) during the first quarter, Holdings Channel reports. The fund bought 327,900 shares of the company’s stock, valued at approximately $9,496,000. Axos Financial comprises about 1.8% of Global Alpha Capital Management Ltd.’s investment portfolio, making the stock its 25th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. MBM Wealth Consultants LLC acquired a new position in shares of Axos Financial during the 1st quarter valued at $26,000. US Bancorp DE acquired a new position in shares of Axos Financial during the 1st quarter valued at $29,000. Toronto Dominion Bank acquired a new position in shares of Axos Financial during the 1st quarter valued at $34,000. Public Employees Retirement Association of Colorado acquired a new position in shares of Axos Financial during the 1st quarter valued at $42,000. Finally, LS Investment Advisors LLC acquired a new position in shares of Axos Financial during the 1st quarter valued at $47,000. 77.57% of the stock is currently owned by hedge funds and other institutional investors.

AX traded up $0.14 during trading on Wednesday, hitting $29.54. 1,100 shares of the company’s stock were exchanged, compared to its average volume of 402,556. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.40. Axos Financial Inc has a fifty-two week low of $23.87 and a fifty-two week high of $45.18. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 1.02 and a beta of 0.88.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.11). Axos Financial had a return on equity of 16.76% and a net margin of 24.48%. The business had revenue of $155.27 million for the quarter, compared to analyst estimates of $158.20 million. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, equities analysts forecast that Axos Financial Inc will post 2.83 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on the stock. Compass Point downgraded shares of Axos Financial from a “buy” rating to a “neutral” rating and set a $35.00 target price on the stock. in a research report on Wednesday, May 1st. ValuEngine downgraded shares of Axos Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Finally, Craig Hallum dropped their target price on shares of Axos Financial from $51.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, January 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $40.60.

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About Axos Financial

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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