AXOS FINANCIAL, INC.
At today's price, AXOS FINANCIAL, INC. (AX) is priced for 18.8% return on equity. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• Axos runs a branch-light, deposit-funded bank that earns a return on equity around 16%, well above the typical regional bank, and pairs it with a net interest margin of 4.57% that most branch-heavy peers cannot reach [Source: AX Q3 FY2026 earnings release]. • The price assumes that high return on equity persists rather than fading toward the cost of equity, which is the central bet, and the stock trades around 1.6 times book value to embed it. • The next things to watch are the pending OCC-app
Is AX overvalued? See what's priced in →
371 institutional managers reported holding AX in 13F filings for the quarter ended 2026-03-31. Together they hold about 84% of the company; the top 10 hold 52%. 39 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 3.2M shares were sold short as of the 2026-06-15 count, about 6% of shares outstanding (9.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
AX has cut its share count 4.5% over the past five years, spending $204.73M on repurchases. It pays no dividend. Cash returned over the past three years: $155.47M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at AX over the trailing three years: 2024: 1 buy totaling $249k; 2025: 1 buy totaling $194k. 22 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
AX's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-30 | +1.0% | -13.1% |
| 2023-10-27 | -4.3% | +56.5% |
| 2024-01-31 | -2.6% | -7.7% |
| 2024-05-01 | +7.8% | +2.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
AX's latest 8-K filings: 2026-07-07 (items 8.01, 9.01); 2026-06-09 (items 8.01, 9.01); 2026-05-04 (items 7.01, 9.01); 2026-05-04 (items 2.01, 9.01); 2026-04-30 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 29, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.