First Hawaiian Bank Buys Stake in Axos Financial

First Hawaiian Bank recently purchased a new stake in Axos Financial, Inc. during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The bank acquired 7,855 shares of Axos Financial’s stock, valued at approximately $310,000. Several other hedge funds and institutional investors have also bought and sold shares of the company.

Raymond James Financial Services Advisors Inc. increased its position in Axos Financial by 24.8% during the first quarter, owning 41,606 shares of the stock. PNC Financial Services Group Inc. also lifted its holdings in the first quarter, owning 6,745 shares. Natixis Advisors L.P. and Bank of Montreal Can also increased their holdings in the first quarter. Lastly, MetLife Investment Management LLC lifted its stake in Axos Financial by 53.6% during the same period, owning 29,958 shares.

Several research analysts have provided their opinion on Axos Financial’s stock. initiated coverage on the stock and rated it as “hold.” Piper Sandler, Wedbush, and Raymond James all lifted their price targets on the stock.

In insider activity, EVP Andrew J. Micheletti sold 5,000 shares of Axos Financial stock. CEO Gregory Garrabrants also sold 85,312 shares.

Axos Financial, Inc. is a provider of consumer and business banking products in the United States. The company operates through two segments: Banking Business and Securities Business. They offer a variety of deposit products, including consumer and business checking, savings, time deposit, and money market accounts.

Source: 1- Form 13F filing with the Securities and Exchange Commission 2- MarketBeat