AXOS FINANCIAL’s (AX) “Buy (B)” Rating Reaffirmed at Weiss Ratings

Weiss Ratings reiterated their buy (b) rating on shares of AXOS FINANCIAL (NYSE:AX) in a research note published on Tuesday,Weiss Ratings reports.

Several other research analysts have also commented on the company. Needham & Company LLC lifted their price target on AXOS FINANCIAL from $102.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, September 29th. DA Davidson lifted their price target on AXOS FINANCIAL from $100.00 to $106.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Wall Street Zen upgraded AXOS FINANCIAL from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Keefe, Bruyette & Woods lifted their price target on AXOS FINANCIAL from $94.00 to $100.00 and gave the stock a “market perform” rating in a report on Monday, September 29th. Finally, Raymond James Financial reissued an “outperform” rating and set a $100.00 price objective (up from $95.00) on shares of AXOS FINANCIAL in a research report on Tuesday, September 23rd. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.83.

AXOS FINANCIAL Stock Up 4.5%

NYSE AX opened at $84.53 on Tuesday. AXOS FINANCIAL has a 52 week low of $54.46 and a 52 week high of $93.84. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.17. The business’s fifty day simple moving average is $87.77 and its 200-day simple moving average is $77.49. The firm has a market cap of $4.78 billion, a PE ratio of 11.33 and a beta of 1.29.

AXOS FINANCIAL (NYSE:AX) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.82 by $0.12. AXOS FINANCIAL had a return on equity of 17.11% and a net margin of 22.24%.The business had revenue of $321.45 million for the quarter, compared to analyst estimates of $311.73 million. During the same quarter in the previous year, the firm earned $1.83 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. As a group, equities analysts anticipate that AXOS FINANCIAL will post 7.22 earnings per share for the current year.

Insider Transactions at AXOS FINANCIAL

In related news, EVP Andrew J. Micheletti sold 13,960 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $85.38, for a total transaction of $1,191,904.80. Following the completion of the sale, the executive vice president directly owned 67,460 shares of the company’s stock, valued at approximately $5,759,734.80. This trade represents a 17.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Candace L. Thiele sold 700 shares of AXOS FINANCIAL stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $90.14, for a total value of $63,098.00. Following the completion of the transaction, the executive vice president directly owned 23 shares of the company’s stock, valued at approximately $2,073.22. This represents a 96.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.85% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AXOS FINANCIAL

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC grew its position in shares of AXOS FINANCIAL by 6.9% during the second quarter. GAMMA Investing LLC now owns 1,960 shares of the company’s stock worth $149,000 after buying an additional 126 shares in the last quarter. Cetera Investment Advisers grew its position in shares of AXOS FINANCIAL by 1.8% during the second quarter. Cetera Investment Advisers now owns 8,197 shares of the company’s stock worth $623,000 after buying an additional 141 shares in the last quarter. Intech Investment Management LLC grew its position in shares of AXOS FINANCIAL by 0.3% during the second quarter. Intech Investment Management LLC now owns 42,289 shares of the company’s stock worth $3,216,000 after buying an additional 144 shares in the last quarter. MAI Capital Management grew its position in shares of AXOS FINANCIAL by 10.2% during the second quarter. MAI Capital Management now owns 1,653 shares of the company’s stock worth $126,000 after buying an additional 153 shares in the last quarter. Finally, Summit Global Investments grew its position in shares of AXOS FINANCIAL by 1.6% during the second quarter. Summit Global Investments now owns 9,988 shares of the company’s stock worth $759,000 after buying an additional 159 shares in the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

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.