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

Shares of Axos Financial, Inc. (NYSE:AX) have been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $84.17.

Several brokerages have commented on AX. DA Davidson decreased their price objective on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Needham & Company LLC lifted their price objective on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reduced their target price on Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday, January 29th. Finally, Raymond James restated an “outperform” rating and issued a $80.00 target price (up previously from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th.

Axos Financial Stock Performance

Axos Financial stock opened at $59.10 on Thursday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a market cap of $3.37 billion, a P/E ratio of 7.94 and a beta of 1.33. Axos Financial has a 1-year low of $44.10 and a 1-year high of $88.46. The firm has a 50-day moving average of $64.14 and a 200-day moving average of $69.47.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. Sell-side analysts expect that Axos Financial will post 7.22 EPS for the current year.

Insider Buying and Selling

In other news, Director Sara Wardell-Smith purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the purchase, the director now directly owns 10,250 shares in the company, valued at approximately $663,482.50. This trade represents a 41.38 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.07% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Palouse Capital Management Inc. grew its holdings in shares of Axos Financial by 37.2% during the first quarter. Palouse Capital Management Inc. now owns 2,649 shares of the company’s stock valued at $171,000 after buying an additional 718 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Axos Financial by 94.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,017 shares of the company’s stock valued at $517,000 after purchasing an additional 3,901 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Axos Financial by 1.6% in the 1st quarter. SummerHaven Investment Management LLC now owns 13,386 shares of the company’s stock worth $864,000 after purchasing an additional 206 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Axos Financial in the 1st quarter worth $750,000. Finally, GAMMA Investing LLC raised its stake in shares of Axos Financial by 39.2% in the first quarter. GAMMA Investing LLC now owns 1,834 shares of the company’s stock worth $118,000 after purchasing an additional 516 shares during the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

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.