Thomas M. Constantine, serving as Executive Vice President and Chief Credit Officer at Axos Financial, Inc. (NASDAQ: AX), has completed a transaction involving the sale of 1,994 shares of the firm's common equity. Executed on June 8, 2026, the divestment generated proceeds totaling $176,574. The shares were transacted at prices fluctuating between $88.19 and $90.00, resulting in a weighted average sale price of $88.553 per share. This average aligns closely with the stock's recent trading level of $88.36.
The transaction is documented in a Form 4 report filed with the Securities and Exchange Commission on June 9, 2026. Following this sale, Constantine retains direct ownership of 16,195 shares of Axos Financial common stock. Furthermore, he maintains an indirect stake of 2,934 shares held within a 401(k) Plan.
Concurrent with this insider activity, Axos Financial released its third-quarter earnings results for fiscal year 2026. The bank reported a diluted earnings per share (EPS) of $2.15, marking an 18.7% increase compared to the same period in the prior year. However, this figure fell marginally short of the consensus forecast of $2.17. On a net income basis, the company posted $124.7 million, a substantial rise from the $105.2 million recorded in the corresponding quarter last year.
Despite the slight earnings miss, market reaction indicated resilience in the stock's valuation. The shares currently trade at a price-to-earnings (P/E) ratio of 10.88. While InvestingPro analysis suggests the stock may be overvalued relative to its calculated Fair Value, analyst sentiment remains constructive. Price targets issued by analysts range from $105 to $114, implying a potential upside of 24%. Raymond James recently adjusted its price target for Axos Financial to $110, up from $100, while maintaining a Strong Buy rating. The firm noted that credit migration likely influenced the share price movements, though overall operational trends remained favorable.
Axos Financial also reported a rare miss on net interest income. This shortfall was attributed to the company's strategic decision to pay down higher-cost deposits using borrowings. This maneuver is anticipated to facilitate the closure of the Jenius deal. These financial adjustments reflect ongoing efforts to optimize the company's balance sheet and market positioning.