Axos Financial, Inc. (NYSE:AX) Given Average Rating of “Moderate Buy” by Analysts

Axos Financial, Inc. (NYSE:AX) has received a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $79.80.

A number of research analysts recently issued reports on the company. Raymond James increased their price objective on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods lifted their price objective on shares of Axos Financial from $72.00 to $74.00 and gave the company a “market perform” rating in a report on Friday, November 1st. StockNews.com cut shares of Axos Financial from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. Piper Sandler raised their target price on shares of Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, Wedbush cut their price target on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th.

Axos Financial Price Performance

Shares of AX stock opened at $80.16 on Monday. The firm’s 50 day moving average price is $67.01 and its two-hundred day moving average price is $63.53. The stock has a market cap of $4.58 billion, a PE ratio of 9.70 and a beta of 1.38. Axos Financial has a 52-week low of $36.93 and a 52-week high of $85.54. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08.

Axos Financial (NYSE:AX) last posted its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.16. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. The company had revenue of $512.87 million for the quarter, compared to analyst estimates of $299.59 million. During the same period last year, the business posted $1.41 earnings per share. As a group, analysts forecast that Axos Financial will post 7.02 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the sale, the executive vice president now owns 424,149 shares in the company, valued at approximately $26,776,526.37. This trade represents a 1.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory Garrabrants sold 125,000 shares of Axos Financial stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total value of $10,236,250.00. Following the completion of the transaction, the chief executive officer now owns 1,340,377 shares in the company, valued at approximately $109,763,472.53. The trade was a 8.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 134,199 shares of company stock worth $10,882,135 in the last 90 days. Company insiders own 5.07% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Hancock Whitney Corp raised its stake in shares of Axos Financial by 1.3% in the third quarter. Hancock Whitney Corp now owns 10,931 shares of the company’s stock worth $687,000 after purchasing an additional 142 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in Axos Financial by 4.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,836 shares of the company’s stock valued at $241,000 after buying an additional 162 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Axos Financial by 5.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,291 shares of the company’s stock valued at $302,000 after acquiring an additional 266 shares in the last quarter. CWM LLC boosted its holdings in Axos Financial by 5.4% during the 2nd quarter. CWM LLC now owns 5,208 shares of the company’s stock worth $298,000 after acquiring an additional 269 shares during the last quarter. Finally, SummerHaven Investment Management LLC grew its stake in shares of Axos Financial by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 17,645 shares of the company’s stock worth $1,008,000 after acquiring an additional 281 shares in the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

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.