Hancock Whitney Corp Sells 1,672 Shares of Axos Financial, Inc. (NYSE:AX)

Hancock Whitney Corp lowered its stake in shares of Axos Financial, Inc. (NYSE:AX) by 13.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,789 shares of the company’s stock after selling 1,672 shares during the period. Hancock Whitney Corp’s holdings in Axos Financial were worth $617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of AX. Thrivent Financial for Lutherans increased its holdings in Axos Financial by 67.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 80,965 shares of the company’s stock valued at $4,627,000 after acquiring an additional 32,654 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Axos Financial by 33.1% in the second quarter. Sei Investments Co. now owns 65,520 shares of the company’s stock worth $3,744,000 after purchasing an additional 16,287 shares during the last quarter. Hollencrest Capital Management purchased a new stake in shares of Axos Financial in the second quarter worth about $25,000. Intech Investment Management LLC bought a new position in Axos Financial during the second quarter valued at approximately $901,000. Finally, XTX Topco Ltd purchased a new position in Axos Financial during the 2nd quarter valued at approximately $354,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Insider Activity

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 424,149 shares of the company’s stock, valued at approximately $26,776,526.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.82% of the company’s stock.

Analysts Set New Price Targets

AX has been the topic of several recent research reports. Keefe, Bruyette & Woods cut Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price objective on the stock. in a report on Wednesday, July 31st. Wedbush increased their price objective on shares of Axos Financial from $60.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Piper Sandler boosted their target price on shares of Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Raymond James upped their target price on shares of Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Axos Financial presently has a consensus rating of “Hold” and an average price target of $81.00.

Axos Financial Stock Down 0.6 %

NYSE AX opened at $65.85 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial, Inc. has a 52 week low of $32.05 and a 52 week high of $79.15. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 8.93 and a beta of 1.40. The company has a fifty day moving average of $67.39 and a two-hundred day moving average of $59.03.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.80 EPS for the quarter, meeting the consensus estimate of $1.80. The company had revenue of $484.29 million for the quarter, compared to the consensus estimate of $296.02 million. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. During the same period in the prior year, the firm posted $1.50 EPS. On average, analysts predict that Axos Financial, Inc. will post 7.22 earnings per share for the current year.

Axos Financial Company Profile

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.