Axos Financial, Inc (NYSE:AX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Axos Financial, Inc (NYSE:AX) has earned an average rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $97.4167.

AX has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price objective on Axos Financial from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Monday, September 29th. Needham & Company LLC increased their target price on shares of Axos Financial from $105.00 to $107.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Raymond James Financial reissued an “outperform” rating and issued a $100.00 price target (up from $95.00) on shares of Axos Financial in a research note on Tuesday, September 23rd. DA Davidson boosted their price target on shares of Axos Financial from $106.00 to $107.50 and gave the stock a “buy” rating in a research report on Monday, December 8th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Axos Financial in a report on Monday, December 8th.

Axos Financial Trading Up 1.6%

Shares of Axos Financial stock opened at $88.92 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.54. Axos Financial has a twelve month low of $54.46 and a twelve month high of $93.84. The firm has a market capitalization of $5.04 billion, a PE ratio of 11.90 and a beta of 1.28. The firm’s 50-day moving average price is $81.56 and its 200 day moving average price is $83.23.

Axos Financial (NYSE:AX) last announced its earnings results on Thursday, October 30th. The company reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.21. The business had revenue of $323.39 million during the quarter, compared to analysts’ expectations of $319.96 million. Axos Financial had a return on equity of 16.72% and a net margin of 22.41%.During the same quarter in the prior year, the firm earned $1.96 earnings per share. On average, sell-side analysts predict that Axos Financial will post 7.22 EPS for the current fiscal year.

Insider Buying and Selling

In other Axos Financial news, Director Edward James Ratinoff sold 2,145 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $84.59, for a total value of $181,445.55. Following the completion of the sale, the director directly owned 46,209 shares of the company’s stock, valued at $3,908,819.31. This trade represents a 4.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tamara N. Bohlig sold 2,145 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $86.23, for a total transaction of $184,963.35. Following the transaction, the director directly owned 12,919 shares in the company, valued at approximately $1,114,005.37. The trade was a 14.24% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 4.85% of the company’s stock.

Hedge Funds Weigh In On Axos Financial

A number of hedge funds have recently modified their holdings of AX. Franklin Resources Inc. increased its position in shares of Axos Financial by 198.0% during the 3rd quarter. Franklin Resources Inc. now owns 414,178 shares of the company’s stock worth $35,060,000 after purchasing an additional 275,191 shares during the last quarter. American Century Companies Inc. boosted its stake in Axos Financial by 10.5% during the second quarter. American Century Companies Inc. now owns 2,378,121 shares of the company’s stock worth $180,832,000 after buying an additional 226,892 shares during the period. Boothbay Fund Management LLC acquired a new stake in shares of Axos Financial during the second quarter valued at about $9,639,000. Edgestream Partners L.P. raised its stake in shares of Axos Financial by 199.7% in the 2nd quarter. Edgestream Partners L.P. now owns 165,283 shares of the company’s stock valued at $12,568,000 after acquiring an additional 110,136 shares during the period. Finally, UBS Group AG lifted its holdings in shares of Axos Financial by 65.7% in the 3rd quarter. UBS Group AG now owns 267,312 shares of the company’s stock worth $22,628,000 after acquiring an additional 106,003 shares during the last quarter. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

About Axos Financial

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.