Wedbush Reaffirms “Neutral” Rating for Axos Financial (NYSE:AX)

Wedbush reissued their neutral rating on shares of Axos Financial (NYSE:AX) in a report released on Wednesday, Benzinga reports. Wedbush currently has a $60.00 price target on the stock. Wedbush also issued estimates for Axos Financial’s Q4 2024 earnings at $1.69 EPS, FY2024 earnings at $6.64 EPS, Q1 2025 earnings at $1.76 EPS, Q2 2025 earnings at $1.84 EPS, Q2 2025 earnings at $1.78 EPS, Q3 2025 earnings at $1.75 EPS, Q3 2025 earnings at $1.78 EPS, Q4 2025 earnings at $1.88 EPS, Q4 2025 earnings at $1.85 EPS, FY2025 earnings at $7.35 EPS, FY2025 earnings at $7.15 EPS, Q1 2026 earnings at $1.94 EPS, Q1 2026 earnings at $2.00 EPS, Q2 2026 earnings at $2.03 EPS and Q2 2026 earnings at $1.95 EPS.

Other research analysts also recently issued reports about the stock. StockNews.com raised shares of Axos Financial from a sell rating to a hold rating in a research note on Monday, February 5th. Raymond James boosted their price target on shares of Axos Financial from $45.00 to $62.00 and gave the company an outperform rating in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $67.25.

Axos Financial Stock Up 0.4 %

Shares of NYSE AX opened at $57.51 on Wednesday. The stock has a market capitalization of $3.28 billion, a P/E ratio of 7.78 and a beta of 1.42. Axos Financial has a one year low of $32.05 and a one year high of $60.00. The firm’s 50 day simple moving average is $51.48 and its two-hundred day simple moving average is $48.69. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.07 and a quick ratio of 1.07.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.21. The company had revenue of $476.73 million during the quarter, compared to analysts’ expectations of $277.85 million. Axos Financial had a net margin of 24.39% and a return on equity of 18.57%. During the same quarter in the prior year, the company earned $1.35 EPS. As a group, analysts expect that Axos Financial will post 6.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other Axos Financial news, EVP Andrew J. Micheletti sold 1,548 shares of Axos Financial stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $51.57, for a total transaction of $79,830.36. Following the completion of the transaction, the executive vice president now owns 427,535 shares in the company, valued at $22,047,979.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Andrew J. Micheletti sold 2,500 shares of the firm’s stock in a transaction that occurred on 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 $22,350,414.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew J. Micheletti sold 1,548 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 427,535 shares in the company, valued at $22,047,979.95. The disclosure for this sale can be found here. Corporate insiders own 4.82% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in Axos Financial in the 3rd quarter worth approximately $541,000. Shaker Investments LLC OH boosted its position in Axos Financial by 0.6% in the third quarter. Shaker Investments LLC OH now owns 469,802 shares of the company’s stock worth $17,787,000 after purchasing an additional 2,707 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Axos Financial by 20.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,305 shares of the company’s stock valued at $352,000 after purchasing an additional 1,587 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Axos Financial by 1.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,340 shares of the company’s stock valued at $959,000 after purchasing an additional 392 shares during the last quarter. Finally, Emerald Advisers LLC boosted its holdings in shares of Axos Financial by 38.6% in the third quarter. Emerald Advisers LLC now owns 176,396 shares of the company’s stock worth $6,678,000 after buying an additional 49,110 shares during the last quarter. Hedge funds and other institutional investors 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.