Brokerages Set Axos Financial, Inc. (NYSE:AX) Price Target at $52.60

Shares of Axos Financial, Inc. (NYSE:AX) have received a consensus recommendation of “Moderate Buy” from the four brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $53.75.

A number of research firms have weighed in on AX. Piper Sandler increased their price target on shares of Axos Financial from $48.00 to $63.00 in a research note on Friday, July 28th. StockNews.com initiated coverage on Axos Financial in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Raymond James reduced their target price on Axos Financial from $55.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday. TheStreet lowered Axos Financial from a “b” rating to a “c+” rating in a research note on Friday, October 27th. Finally, Wedbush lifted their price objective on Axos Financial from $42.00 to $49.00 in a research note on Friday, July 28th.

Insider Buying and Selling at Axos Financial

In related news, EVP Andrew J. Micheletti sold 5,000 shares of Axos Financial stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $42.62, for a total transaction of $213,100.00. Following the sale, the executive vice president now owns 513,083 shares of the company’s stock, valued at approximately $21,867,597.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 4.82% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Axos Financial

Several hedge funds and other institutional investors have recently bought and sold shares of AX. Emerald Advisers LLC acquired a new stake in Axos Financial during the first quarter worth about $2,478,000. Crossmark Global Holdings Inc. acquired a new position in Axos Financial during the 2nd quarter valued at approximately $215,000. BerganKDV Wealth Management LLC grew its stake in Axos Financial by 1.5% during the 1st quarter. BerganKDV Wealth Management LLC now owns 21,820 shares of the company’s stock worth $806,000 after buying an additional 313 shares during the last quarter. Jaffetilchin Investment Partners LLC increased its position in Axos Financial by 3.2% in the first quarter. Jaffetilchin Investment Partners LLC now owns 10,898 shares of the company’s stock worth $402,000 after buying an additional 333 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in Axos Financial by 132.4% in the first quarter. Tower Research Capital LLC TRC now owns 3,663 shares of the company’s stock valued at $135,000 after buying an additional 2,087 shares during the last quarter. 80.23% of the stock is currently owned by hedge funds and other institutional investors.

Axos Financial Trading Up 3.5 %

NYSE AX opened at $37.30 on Monday. The company has a 50-day moving average of $39.08 and a 200-day moving average of $40.68. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.08 and a quick ratio of 1.08. Axos Financial has a 12 month low of $33.15 and a 12 month high of $51.46. The company has a market cap of $2.15 billion, a P/E ratio of 6.77 and a beta of 1.50.

About Axos Financial

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.