Axos Financial, Inc. (NYSE:AX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Axos Financial, Inc. (NYSE:AX) have received an average recommendation of “Moderate Buy” from the four research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $67.25.

Several research analysts have weighed in on the company. Raymond James upped their price target on Axos Financial from $45.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Wedbush reaffirmed a “neutral” rating and set a $60.00 price objective on shares of Axos Financial in a report on Wednesday. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $79.00 price objective (up from $77.00) on shares of Axos Financial in a report on Thursday. Finally, Piper Sandler upped their price objective on Axos Financial from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday.

Insider Activity at Axos Financial

In other news, Director Sara Wardell-Smith purchased 5,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were acquired at an average price of $49.75 per share, with a total value of $248,750.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at $248,750. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Sara Wardell-Smith purchased 5,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were acquired at an average price of $49.75 per share, with a total value of $248,750.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at $248,750. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Andrew J. Micheletti sold 2,500 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $52.89, for a total value of $132,225.00. Following the transaction, the executive vice president now directly owns 422,583 shares in the company, valued at approximately $22,350,414.87. The disclosure for this sale can be found here. 4.82% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Axos Financial

Institutional investors have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. purchased a new position in shares of Axos Financial in the fourth quarter worth about $26,000. Investment Research & Advisory Group Inc. purchased a new position in shares of Axos Financial in the first quarter worth about $27,000. Carmel Capital Partners LLC purchased a new position in shares of Axos Financial in the third quarter worth about $30,000. FinTrust Capital Advisors LLC purchased a new position in shares of Axos Financial in the fourth quarter worth about $44,000. Finally, Covestor Ltd raised its stake in shares of Axos Financial by 34.1% in the third quarter. Covestor Ltd now owns 1,302 shares of the company’s stock worth $49,000 after purchasing an additional 331 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Stock Performance

Shares of NYSE AX traded up $0.30 during trading on Thursday, hitting $55.80. The company had a trading volume of 181,677 shares, compared to its average volume of 545,852. The stock has a 50 day simple moving average of $51.37 and a 200 day simple moving average of $48.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.07. Axos Financial has a 12 month low of $32.05 and a 12 month high of $60.00. The firm has a market capitalization of $3.18 billion, a P/E ratio of 7.54 and a beta of 1.42.

Axos Financial (NYSE:AX) last issued its earnings results on Tuesday, April 30th. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.21. Axos Financial had a return on equity of 19.05% and a net margin of 24.39%. The company had revenue of $476.73 million for the quarter, compared to the consensus estimate of $277.85 million. During the same quarter last year, the company earned $1.35 EPS. As a group, analysts anticipate that Axos Financial will post 6.45 earnings per share for the current year.

Axos Financial Company Profile

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.