Keefe, Bruyette & Woods Issues Positive Forecast for AXOS FINANCIAL (NYSE:AX) Stock Price

AXOS FINANCIAL (NYSE:AX) had its price target boosted by Keefe, Bruyette & Woods from $94.00 to $100.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a market perform rating on the stock.

A number of other equities research analysts have also recently commented on AX. Wall Street Zen upgraded AXOS FINANCIAL from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Raymond James Financial restated an “outperform” rating and set a $100.00 price objective (up previously from $95.00) on shares of AXOS FINANCIAL in a report on Tuesday, September 23rd. Needham & Company LLC lifted their target price on shares of AXOS FINANCIAL from $102.00 to $105.00 and gave the stock a “buy” rating in a research note on Monday. Finally, DA Davidson boosted their target price on shares of AXOS FINANCIAL from $100.00 to $106.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, AXOS FINANCIAL presently has an average rating of “Moderate Buy” and an average target price of $96.83.

AXOS FINANCIAL Price Performance

NYSE AX opened at $86.18 on Monday. The firm’s fifty day simple moving average is $88.18 and its two-hundred day simple moving average is $76.13. The firm has a market capitalization of $4.88 billion, a P/E ratio of 11.55 and a beta of 1.32. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17. AXOS FINANCIAL has a 12-month low of $54.46 and a 12-month high of $93.84.

AXOS FINANCIAL (NYSE:AX) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.82 by $0.12. The firm had revenue of $321.45 million during the quarter, compared to analyst estimates of $311.73 million. AXOS FINANCIAL had a return on equity of 17.11% and a net margin of 22.24%.The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.83 EPS. Analysts forecast that AXOS FINANCIAL will post 7.22 EPS for the current fiscal year.

Insider Buying and Selling at AXOS FINANCIAL

In related news, EVP Candace L. Thiele sold 700 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $90.14, for a total transaction of $63,098.00. Following the sale, the executive vice president directly owned 23 shares of the company’s stock, valued at $2,073.22. This trade represents a 96.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andrew J. Micheletti sold 13,960 shares of AXOS FINANCIAL stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $85.38, for a total value of $1,191,904.80. Following the transaction, the executive vice president owned 67,460 shares of the company’s stock, valued at approximately $5,759,734.80. This represents a 17.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.85% of the stock is owned by corporate 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. True Wealth Design LLC increased its holdings in shares of AXOS FINANCIAL by 120.9% during the 2nd quarter. True Wealth Design LLC now owns 433 shares of the company’s stock valued at $33,000 after purchasing an additional 237 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in AXOS FINANCIAL by 294.7% during the second quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock valued at $34,000 after buying an additional 333 shares during the period. IFP Advisors Inc grew its position in AXOS FINANCIAL by 360.7% during the second quarter. IFP Advisors Inc now owns 493 shares of the company’s stock valued at $37,000 after buying an additional 386 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in AXOS FINANCIAL in the second quarter valued at $96,000. Finally, Sprucegrove Investment Management Ltd. acquired a new position in shares of AXOS FINANCIAL in the second quarter worth about $99,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

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.