Axos Financial, Inc. (NYSE:AX) Receives $67.25 Average Price Target from Analysts

Axos Financial, Inc. (NYSE:AX) has been assigned a consensus recommendation of “Moderate Buy” from the four research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $67.25.

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods restated an “outperform” rating and set a $79.00 price objective (up previously from $77.00) on shares of Axos Financial in a research report on Thursday. Wedbush restated a “neutral” rating and set a $60.00 price objective on shares of Axos Financial in a research note on Wednesday. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Piper Sandler increased their price objective on shares of Axos Financial from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Raymond James boosted their price objective on Axos Financial from $45.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st.

Axos Financial Stock Up 0.4 %

Shares of Axos Financial stock opened at $57.53 on Thursday. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 7.81 and a beta of 1.42. Axos Financial has a twelve month low of $32.05 and a twelve month high of $60.00. The company has a fifty day moving average price of $51.59 and a 200 day moving average price of $48.91. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, April 30th. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.21. The company had revenue of $476.73 million during the quarter, compared to the consensus estimate 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 previous year, the firm earned $1.35 EPS. Equities research analysts forecast that Axos Financial will post 6.61 earnings per share for the current fiscal year.

Insider Activity

In other Axos Financial news, Director Sara Wardell-Smith bought 5,000 shares of Axos Financial stock in a transaction dated Friday, March 15th. The stock was bought at an average price of $49.75 per share, for a total transaction of $248,750.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $248,750. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Andrew J. Micheletti sold 2,500 shares of the business’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 transaction, the executive vice president now directly 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 accessible through the SEC website. Also, Director Sara Wardell-Smith purchased 5,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was bought at an average cost of $49.75 per share, for a total transaction of $248,750.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $248,750. The disclosure for this purchase can be found here. 4.82% of the stock is owned by company insiders.

Institutional Investors Weigh In On Axos Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in AX. GSA Capital Partners LLP raised its holdings in Axos Financial by 122.2% during the first quarter. GSA Capital Partners LLP now owns 31,440 shares of the company’s stock valued at $1,699,000 after buying an additional 17,288 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Axos Financial in the 1st quarter valued at approximately $706,000. BNP Paribas Financial Markets lifted its holdings in Axos Financial by 37.6% in the 1st quarter. BNP Paribas Financial Markets now owns 45,960 shares of the company’s stock worth $2,484,000 after purchasing an additional 12,560 shares during the last quarter. Argent Capital Management LLC raised its position in shares of Axos Financial by 10.4% in the first quarter. Argent Capital Management LLC now owns 5,999 shares of the company’s stock valued at $324,000 after purchasing an additional 567 shares during the period. Finally, Raymond James & Associates raised its position in shares of Axos Financial by 7.8% in the first quarter. Raymond James & Associates now owns 88,301 shares of the company’s stock valued at $4,772,000 after purchasing an additional 6,362 shares during the period. 83.79% of the stock is owned by hedge funds and other institutional investors.

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.