Axos Financial, Inc (NYSE:AX) Receives $114.83 Average Price Target from Analysts

Axos Financial, Inc (NYSE:AX) has earned a consensus rating of “Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $114.8333.

Several analysts recently commented on AX shares. DA Davidson set a $121.00 price target on Axos Financial in a research note on Friday, July 31st. Benchmark began coverage on Axos Financial in a research note on Wednesday, July 8th. They set a “buy” rating and a $115.00 price objective for the company. Weiss Ratings raised Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Keefe, Bruyette & Woods boosted their target price on shares of Axos Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. Finally, Needham & Company LLC upped their target price on shares of Axos Financial from $110.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, July 31st.

Axos Financial Trading Down 1.7%

AX stock opened at $100.18 on Thursday. Axos Financial has a 1-year low of $74.89 and a 1-year high of $105.74. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $94.99 and its 200-day moving average is $92.21. The firm has a market cap of $5.70 billion, a P/E ratio of 11.83 and a beta of 1.22.

Insider Transactions at Axos Financial

In other Axos Financial news, EVP Michael James Watson sold 1,653 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $83.77, for a total value of $138,471.81. Following the transaction, the executive vice president directly owned 4,592 shares in the company, valued at $384,671.84. The trade was a 26.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Roque A. Santi sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total transaction of $52,650.00. Following the sale, the director directly owned 7,146 shares of the company’s stock, valued at approximately $752,473.80. The trade was a 6.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.85% of the stock is owned by insiders.

Hedge Funds Weigh In On Axos Financial

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Axos Financial in the second quarter worth $817,051,000. Pallas Capital Advisors LLC bought a new stake in shares of Axos Financial during the second quarter worth $413,000. Deutsche Bank AG acquired a new stake in shares of Axos Financial in the second quarter valued at $5,628,000. Global Retirement Partners LLC acquired a new stake in shares of Axos Financial in the second quarter valued at $183,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Axos Financial in the second quarter valued at about $36,816,000. Institutional investors own 83.79% of the company’s stock.

Axos Financial Company Profile

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.