Axos financial director Nick Mosich sells $408,160 in stock

Nick Mosich, a director at Axos Financial, Inc. (NYSE:), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Mosich sold 5,102 shares of common stock at an average price of $80.00 per share, totaling approximately $408,160. Following this transaction, Mosich retains direct ownership of 87,357 shares in the company.

In addition to the sale, Mosich was granted 5,443 restricted stock units (RSUs) on November 14, 2024. These RSUs were awarded under the Axos Financial, Inc. Amended and Restated 2014 Stock Incentive Plan as part of his compensation for serving on the Board of Directors. Each RSU represents a contingent right to receive one share of Axos Financial common stock, with full vesting occurring on the anniversary of the grant date.

In other recent news, Axos Financial has reported robust financial performance for Q1 2025, with a 36% rise in net income to approximately $112 million and a 40% increase in earnings per share to $1.93. The company also saw a significant growth in deposits, increasing by $614 million, mainly in interest-bearing accounts. Despite a challenging lending environment, Axos Financial reported a minor increase in loan balances by 0.3% to $19.3 billion and an improvement in the net interest margin to 5.17%, up 81 basis points year-over-year. However, the company's loan growth was slightly below expectations due to cautious lending in certain segments.

In addition, Axos Financial recently held its annual meeting, where shareholders elected Class II directors and ratified the appointment of BDO USA, P.C. as the independent public accounting firm for the fiscal year 2025. The executive compensation proposal received mixed results, with a majority approving the compensation of the company’s Named Executive Officers, although a substantial portion voted against.

Investment firm Needham has maintained its Buy rating for Axos Financial and increased the price target to $85, citing the company's strong start to the new fiscal year and its management's ability to capitalize on market conditions. These are recent developments that investors should consider.

InvestingPro Insights

While Nick Mosich's recent sale of Axos Financial shares might raise eyebrows, a closer look at the company's financials and market performance reveals a more nuanced picture. According to InvestingPro data, Axos Financial boasts a market capitalization of $4.56 billion and has demonstrated strong financial performance.

The company's P/E ratio of 9.47 suggests that it may be undervalued relative to its earnings potential. This aligns with an InvestingPro Tip indicating that Axos is trading at a low P/E ratio relative to its near-term earnings growth. Additionally, the company has shown impressive revenue growth, with a 22.64% increase over the last twelve months as of Q1 2023.

Investors should note that Axos Financial has delivered robust returns, with InvestingPro data showing a remarkable 111.84% price total return over the past year. This performance is further supported by InvestingPro Tips highlighting strong returns over the last month, three months, and five years.

Despite these positive indicators, it's worth mentioning that 4 analysts have revised their earnings downwards for the upcoming period, according to another InvestingPro Tip. This could explain Mosich's decision to sell a portion of his holdings, although he still maintains a substantial stake in the company.

For investors seeking a more comprehensive analysis, InvestingPro offers 12 additional tips for Axos Financial, providing a deeper understanding of the company's financial health and market position.

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