Axos Financial (NYSE:AX) Price Target Raised to $68.00

Axos Financial (NYSE:AX) had its price objective boosted by Piper Sandler from $65.00 to $68.00 in a research note issued to investors on Wednesday, Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Other analysts have also recently issued reports about the stock. Wedbush restated a neutral rating and set a $60.00 price target on shares of Axos Financial in a report on Wednesday. StockNews.com raised Axos Financial from a sell rating to a hold rating in a research report on Monday, February 5th. Finally, Raymond James increased their price objective on Axos Financial from $45.00 to $62.00 and gave the company an outperform rating in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $67.25.

Axos Financial Trading Up 0.4 %

Axos Financial stock opened at $57.51 on Wednesday. Axos Financial has a 52 week low of $32.05 and a 52 week high of $60.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 7.78 and a beta of 1.42. The company has a 50 day moving average price of $51.48 and a 200 day moving average price of $48.69.

Axos Financial (NYSE:AX) last issued its earnings results on Tuesday, April 30th. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.70 by $0.21. The business had revenue of $476.73 million during the quarter, compared to analysts’ expectations of $277.85 million. Axos Financial had a return on equity of 18.57% and a net margin of 24.39%. During the same quarter last year, the firm posted $1.35 earnings per share. Research analysts forecast that Axos Financial will post 6.45 EPS for the current year.

Insider Activity

In related news, EVP Andrew J. Micheletti sold 2,500 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $52.89, for a total transaction of $132,225.00. Following the completion of the transaction, the executive vice president now owns 422,583 shares of the company’s stock, valued at approximately $22,350,414.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Axos Financial news, EVP Andrew J. Micheletti sold 1,548 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $51.57, for a total value of $79,830.36. Following the sale, the executive vice president now directly owns 427,535 shares in the company, valued at approximately $22,047,979.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew J. Micheletti sold 2,500 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $52.89, for a total transaction of $132,225.00. Following the completion of the sale, the executive vice president now owns 422,583 shares of the company’s stock, 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 company insiders.

Hedge Funds Weigh In On Axos Financial

Several large investors have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new position in shares of Axos Financial in the 4th quarter valued at $26,000. Investment Research & Advisory Group Inc. acquired a new position in Axos Financial in the first quarter worth about $27,000. Carmel Capital Partners LLC bought a new position in Axos Financial during the third quarter worth about $30,000. FinTrust Capital Advisors LLC acquired a new stake in Axos Financial during the fourth quarter valued at approximately $44,000. Finally, GAMMA Investing LLC bought a new stake in shares of Axos Financial in the 4th quarter valued at approximately $49,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

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.