Keefe, Bruyette & Woods Increases AXOS FINANCIAL (NYSE:AX) Price Target to $90.00

AXOS FINANCIAL (NYSE:AX) had its price objective lifted by stock analysts at Keefe, Bruyette & Woods from $85.00 to $90.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 7.13% from the company’s current price.

Other analysts also recently issued research reports about the stock. Needham & Company LLC raised their price target on shares of AXOS FINANCIAL from $88.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Piper Sandler dropped their price target on shares of AXOS FINANCIAL from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, May 1st. DA Davidson dropped their price target on shares of AXOS FINANCIAL from $88.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Wall Street Zen downgraded shares of AXOS FINANCIAL from a “hold” rating to a “sell” rating in a report on Saturday, July 5th. Finally, Jefferies Financial Group initiated coverage on shares of AXOS FINANCIAL in a report on Wednesday, May 21st. They set a “buy” rating and a $90.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $85.86.

AXOS FINANCIAL Stock Down 0.8%

Shares of AXOS FINANCIAL stock opened at $84.01 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.09 and a quick ratio of 1.09. The company has a 50-day moving average of $73.52 and a 200 day moving average of $68.71. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 11.45 and a beta of 1.29. AXOS FINANCIAL has a 1 year low of $54.46 and a 1 year high of $88.46.

AXOS FINANCIAL (NYSE:AX) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.07. The business had revenue of $432.72 million during the quarter, compared to analyst estimates of $305.04 million. AXOS FINANCIAL had a net margin of 21.93% and a return on equity of 17.58%. During the same period last year, the business earned $1.91 EPS. As a group, sell-side analysts anticipate that AXOS FINANCIAL will post 7.22 earnings per share for the current fiscal year.

AXOS FINANCIAL announced that its Board of Directors has authorized a stock repurchase program on Monday, May 12th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other AXOS FINANCIAL news, Director Paul Grinberg sold 30,000 shares of AXOS FINANCIAL stock in a transaction on Monday, May 5th. The shares were sold at an average price of $68.09, for a total transaction of $2,042,700.00. Following the completion of the transaction, the director directly owned 113,295 shares of the company’s stock, valued at $7,714,256.55. The trade was a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.07% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of AXOS FINANCIAL by 21.5% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 39,600 shares of the company’s stock valued at $3,011,000 after purchasing an additional 7,000 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of AXOS FINANCIAL by 6.1% during the second quarter. Exchange Traded Concepts LLC now owns 16,810 shares of the company’s stock valued at $1,278,000 after purchasing an additional 966 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of AXOS FINANCIAL by 32.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 10,586 shares of the company’s stock valued at $888,000 after purchasing an additional 2,569 shares during the period. Pallas Capital Advisors LLC boosted its stake in shares of AXOS FINANCIAL by 16.0% during the second quarter. Pallas Capital Advisors LLC now owns 4,370 shares of the company’s stock valued at $332,000 after purchasing an additional 602 shares during the period. Finally, Militia Capital Partners LP boosted its stake in shares of AXOS FINANCIAL by 825.0% during the first quarter. Militia Capital Partners LP now owns 111,000 shares of the company’s stock valued at $7,162,000 after purchasing an additional 99,000 shares during the period. 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.