Axos Financial
About: Axos Financial Inc is a bank holding company that operates through its bank subsidiary, BofI Federal Bank, a nationwide bank that provides financing for single and multifamily residential properties, small to medium-size businesses in certain sectors, and selected specialty finance receivables. Its operating segments are banking business segment and securities business segment . The bank distributed its products through a wide range of retail distribution channels, including only banking brands, affinity groups, and sales teams, among others. The majority of the bank's mortgage exposure is titled toward the state of California, particularly its southern region. Net interest income is a majority of the bank's revenue.
Employees: 1,781
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
30% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 44
20% more funds holding in top 10
Funds holding in top 10: 5 [Q2] → 6 (+1) [Q3]
6% more capital invested
Capital invested by funds: $2.82B [Q2] → $3B (+$179M) [Q3]
4% more funds holding
Funds holding: 315 [Q2] → 328 (+13) [Q3]
7% less repeat investments, than reductions
Existing positions increased: 106 | Existing positions reduced: 114
9% less call options, than puts
Call options by funds: $44.8M | Put options by funds: $49.6M
2.93% less ownership
Funds ownership: 86.68% [Q2] → 83.76% (-2.93%) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Keefe, Bruyette & Woods Kelly Motta 69% 1-year accuracy 11 / 16 met price target | 7%downside $74 | Market Perform Maintained | 1 Nov 2024 |
Needham Kyle Peterson 76% 1-year accuracy 29 / 38 met price target | 6%upside $85 | Buy Maintained | 31 Oct 2024 |
Needham Kyle Peterson 76% 1-year accuracy 29 / 38 met price target | 3%upside $82 | Buy Initiated | 11 Oct 2024 |
Wedbush David Chiaverini 85% 1-year accuracy 40 / 47 met price target | 6%downside $75 | Neutral Maintained | 24 Sept 2024 |
Financial journalist opinion
Based on 10 articles about AX published over the past 30 days
