Axos Financial (AX)

Company Profile

Axos Financial, Inc. is the holding company for Axos Bank, a nationwide bank that provides consumer and business banking products through its low-cost distribution channels and affinity partners. With approximately $14.4 billion in assets, Axos Bank provides consumer and business banking products through its low-cost distribution channels and affinity partners. Axos Clearing LLC and Axos Invest, Inc., provide comprehensive securities clearing services to introducing broker-dealers and registered investment advisor correspondents and digital investment advisory services to retail investors, respectively. Axos Financial, Inc.'s common stock is listed on the NYSE under the symbol 'AX' and is a component of the Russell 2000® Index, the KBW Nasdaq Financial Technology Index, and the S&P SmallCap 600® Index.

Company profile

Ticker

Exchange

NYSE

Website

www.axosfinancial.com

CEO

Gregory Garrabrants

Incorporated

Delaware

Location

Nevada

Fiscal year end

Jun 30

Sector

Finance and Insurance > Savings Institutions

Industry (SIC)

Savings Institution, Federally Chartered

E Trade Financial • People's United Financial • BankUnited • Umpqua • Eastern Bankshares • TFS Financial • Capitol Federal Financial • Provident Financial Services • Columbia Financial • Brookline Bancorp ...

Former names

BofI Holding, Inc.

SEC CIK

0001299709

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

330867444

AX stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$52.50

Low target

$47.00

High target

$58.00

Keefe, Bruyette & Woods

Latest filings (excl ownership)

View all

8-K

Amendments to Articles of Incorporation or Bylaws

30 May 23

8-K

Regulation FD Disclosure

27 Apr 23

Axos Financial, Inc. Reports Fiscal Third Quarter 2023 Results

Axos Financial, Inc. to Announce Fiscal Third Quarter 2023

4 Apr 23

8-K

Axos Financial, Inc. Provides Mid-Quarter Update

13 Mar 23

CORRESP

Correspondence with SEC

Regulation FD Disclosure

31 Jan 23

Transcripts

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Earnings call transcript

2023 Q3

27 Apr 23

Earnings call transcript

2023 Q2

26 Jan 23

Earnings call transcript

2023 Q1

28 Oct 22

Earnings call transcript

2022 Q4

5 Aug 22

Earnings call transcript

2022 Q3

29 Apr 22

Earnings call transcript

2022 Q2

28 Jan 22

Earnings call transcript

2022 Q1

29 Oct 21

Earnings call transcript

2021 Q4

30 Jul 21

Earnings call transcript

2021 Q3

2 May 21

Earnings call transcript

2021 Q2

29 Jan 21

Latest ownership filings

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Financial summary

Financial statements Chart AX financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Jun 22	Jun 21	Jun 20	Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	2.50 bn	2.50 bn	2.50 bn	2.50 bn	2.50 bn	2.50 bn
Cash burn (monthly)	(no burn)	(no burn)	(no burn)	(no burn)	19.28 mm	(no burn)
Cash used (since last report)	n/a	n/a	n/a	n/a	40.03 mm	n/a
Cash remaining	n/a	n/a	n/a	n/a	2.46 bn	n/a
Runway (months of cash)	n/a	n/a	n/a	n/a	127.8	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q1 2023

AX institutional ownership history Ownership history

77.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	252	242	+4.1%
Opened positions	43	30	+43.3%
Closed positions	33	33	–
Increased positions	85	84	+1.2%
Reduced positions	80	79	+1.3%

13F shares	Current	Prev Q	Change
Total value	1.68 tn	1.74 tn	-3.4%
Total shares	45.60 mm	45.85 mm	-0.5%
Total puts	1.48 mm	464.60 k	+219.3%
Total calls	113.00 k	26.60 k	+324.8%
Total put/call ratio	13.1	17.5	-24.8%

Largest owners	Shares	Value	Change
BLK Blackrock	8.70 mm	$321.39 bn	-1.5%
Vanguard	6.42 mm	$236.99 bn	+0.7%
STT State Street	2.67 mm	$98.61 bn	+22.2%
Dimensional Fund Advisors	2.47 mm	$91.08 bn	+7.6%
Wasatch Advisors	1.56 mm	$57.44 bn	+12.9%
Fuller & Thaler Asset Management	1.48 mm	$54.58 bn	NEW
AMP Ameriprise Financial	1.36 mm	$50.24 bn	-5.6%
Davis Asset Management	1.20 mm	$44.30 bn	+18.5%
FMR	1.15 mm	$42.42 bn	-42.1%
Geode Capital Management	1.05 mm	$38.79 bn	+2.7%

Largest transactions	Shares	Bought/sold	Change
Fuller & Thaler Asset Management	1.48 mm	+1.48 mm	NEW
Fred Alger Management	144.70 k	-950.76 k	-86.8%
FMR	1.15 mm	-834.00 k	-42.1%
Millennium Management	0.00	-564.06 k	EXIT
Norges Bank	0.00	-548.28 k	EXIT
STT State Street	2.67 mm	+485.84 k	+22.2%
CCG Wealth Management	0.00	-370.88 k	EXIT
Citadel Advisors	61.46 k	-216.06 k	-77.9%
Nuveen Asset Management	719.21 k	+206.64 k	+40.3%
Davis Asset Management	1.20 mm	+187.76 k	+18.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

AX insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
24 May 23	Andrew J Micheletti	Common Stock	Sell	Dispose S	No	No	40.6	5,000	203.00 k	509,689
23 Mar 23	Matsumoto Raymond D	Common Stock	Sale back to company	Dispose D	No	No	36.37	980	35.64 k	23,659
23 Mar 23	Matsumoto Raymond D	Common Stock	Option exercise	Acquire M	No	No	36.37	1,862	67.72 k	24,639
23 Mar 23	Matsumoto Raymond D	RSU Common Stock	Option exercise	Dispose M	No	No	0	1,862	0.00	25,180
23 Mar 23	Constantine Thomas M	Common Stock	Sale back to company	Dispose D	No	No	36.37	791	28.77 k	15,321
23 Mar 23	Constantine Thomas M	Common Stock	Option exercise	Acquire M	No	No	36.37	1,504	54.70 k	16,112
23 Mar 23	Constantine Thomas M	RSU Common Stock	Option exercise	Dispose M	No	No	0	1,504	0.00	21,375
23 Mar 23	Bar-Adon Eshel	Common Stock	Sale back to company	Dispose D	No	No	36.37	678	24.66 k	115,316
23 Mar 23	Bar-Adon Eshel	Common Stock	Option exercise	Acquire M	No	No	36.37	1,289	46.88 k	115,994
23 Mar 23	Bar-Adon Eshel	RSU Common Stock	Option exercise	Dispose M	No	No	0	1,289	0.00	18,600