Piper Sandler Raises Axos Financial (NYSE:AX) Price Target to $84.00

Axos Financial (NYSE:AX) had its target price hoisted by Piper Sandler from $68.00 to $84.00 in a report issued on Wednesday morning, Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

AX has been the subject of a number of other reports. Wedbush reiterated a neutral rating and issued a $60.00 target price on shares of Axos Financial in a report on Wednesday, May 1st. Keefe, Bruyette & Woods lowered shares of Axos Financial from an outperform rating to a market perform rating and set a $79.00 price objective for the company. in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $81.00.

Axos Financial Trading Down 3.9 %

AX opened at $67.20 on Wednesday. Axos Financial has a twelve month low of $32.05 and a twelve month high of $79.15. The company has a fifty day moving average of $59.95 and a 200-day moving average of $55.73. The stock has a market cap of $3.83 billion, a PE ratio of 9.12 and a beta of 1.42. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.20.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.80. The firm had revenue of $484.29 million during the quarter, compared to the consensus estimate of $296.02 million. Axos Financial had a return on equity of 19.03% and a net margin of 23.96%. During the same period last year, the business posted $1.50 EPS. On average, sell-side analysts predict that Axos Financial will post 7.21 EPS for the current year.

Hedge Funds Weigh In On Axos Financial

Institutional investors have recently modified their holdings of the company. Newbridge Financial Services Group Inc. acquired a new stake in Axos Financial in the 4th quarter valued at $26,000. Investment Research & Advisory Group Inc. bought a new position in shares of Axos Financial in the first quarter valued at $27,000. EntryPoint Capital LLC grew its holdings in shares of Axos Financial by 816.7% during the first quarter. EntryPoint Capital LLC now owns 495 shares of the company’s stock valued at $27,000 after buying an additional 441 shares during the last quarter. FinTrust Capital Advisors LLC bought a new stake in shares of Axos Financial during the fourth quarter worth about $44,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Axos Financial in the 4th quarter worth about $49,000. 83.79% of the stock is owned by institutional investors and hedge funds.

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.