Axos Financial (NYSE:AX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday, Zacks.com reports.

According to Zacks, “Axos Financial Inc. is the holding company for BofI Federal Bank, which provides financing for single and multifamily residential properties, small-to-medium size businesses in target sectors and selected specialty finance receivables. BofI Federal Bank provides consumer and business banking products. Axos Financial Inc., formerly known as BofI Holding Inc., is based in San Diego, California. “

Other equities research analysts have also recently issued reports about the stock. B. Riley lowered their price objective on shares of Axos Financial from $39.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, April 13th. TheStreet cut shares of Axos Financial from a “b-” rating to a “c+” rating in a research report on Tuesday, February 25th. Raymond James lowered their price target on shares of Axos Financial from $27.00 to $23.00 and set a “strong-buy” rating for the company in a research report on Friday, May 15th. Wedbush upped their price target on shares of Axos Financial from $21.00 to $27.00 and gave the stock an “in-line” rating in a research report on Thursday, April 30th. Finally, ValuEngine cut shares of Axos Financial from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $26.00.

Shares of NYSE AX opened at $19.64 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $1.12 billion, a P/E ratio of 6.77 and a beta of 1.44. The firm’s fifty day moving average is $18.88 and its two-hundred day moving average is $25.23. Axos Financial has a 52-week low of $13.69 and a 52-week high of $30.89.

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.05. Axos Financial had a net margin of 24.87% and a return on equity of 16.35%. The company had revenue of $180.16 million for the quarter, compared to the consensus estimate of $169.23 million. During the same period in the previous year, the firm posted $0.84 EPS. Axos Financial’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, analysts forecast that Axos Financial will post 2.72 EPS for the current fiscal year.

In other news, EVP Eshel Bar-Adon acquired 2,700 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average cost of $16.87 per share, for a total transaction of $45,549.00. Following the completion of the transaction, the executive vice president now owns 93,522 shares in the company, valued at $1,577,716.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J Brandon Black acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average price of $19.10 per share, with a total value of $95,500.00. Following the completion of the transaction, the director now owns 7,583 shares of the company’s stock, valued at approximately $144,835.30. The disclosure for this purchase can be found here. Insiders have acquired a total of 7,900 shares of company stock worth $144,303 in the last 90 days. 7.00% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp increased its position in shares of Axos Financial by 5.8% during the first quarter. State Street Corp now owns 1,952,720 shares of the company’s stock valued at $35,403,000 after acquiring an additional 106,854 shares during the last quarter. Basswood Capital Management L.L.C. increased its position in shares of Axos Financial by 135.4% during the first quarter. Basswood Capital Management L.L.C. now owns 1,132,069 shares of the company’s stock valued at $20,524,000 after acquiring an additional 651,170 shares during the last quarter. Invesco Ltd. increased its position in shares of Axos Financial by 1.9% during the first quarter. Invesco Ltd. now owns 1,095,016 shares of the company’s stock valued at $19,852,000 after acquiring an additional 20,924 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Axos Financial by 10.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 975,000 shares of the company’s stock valued at $17,677,000 after acquiring an additional 90,000 shares during the last quarter. Finally, APG Asset Management N.V. purchased a new position in shares of Axos Financial in the first quarter valued at approximately $24,272,000. Institutional investors and hedge funds own 74.55% of the company’s stock.

Axos Financial Company Profile

Axos Financial, Inc operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; prime loans to customers secured by new and used automobiles; and term unsecured personal loans to individual borrowers, as well as overdraft lines of credit.

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