Axos Financial, Inc (NYSE:AX) Receives Average Rating of “Buy” from Brokerages

Axos Financial, Inc (NYSE:AX) has received an average rating of “Buy” from the eight research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $104.50.

Several research analysts have commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Axos Financial in a research report on Monday, December 29th. Needham & Company LLC lifted their target price on shares of Axos Financial from $107.00 to $110.00 and gave the company a “buy” rating in a report on Friday, January 30th. DA Davidson upped their price target on shares of Axos Financial from $107.50 to $112.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Zacks Research raised shares of Axos Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, Keefe, Bruyette & Woods upped their target price on shares of Axos Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a report on Friday, January 30th.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, Director James John Court sold 11,163 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $101.01, for a total value of $1,127,574.63. Following the completion of the transaction, the director owned 32,169 shares in the company, valued at approximately $3,249,390.69. This represents a 25.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gregory Garrabrants sold 43,294 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $99.10, for a total value of $4,290,435.40. Following the completion of the sale, the chief executive officer directly owned 1,418,751 shares of the company’s stock, valued at approximately $140,598,224.10. This trade represents a 2.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 63,593 shares of company stock valued at $6,274,883. Insiders own 4.85% of the company’s stock.

Institutional Trading of Axos Financial

Several large investors have recently bought and sold shares of AX. Horizon Investment Services LLC lifted its position in Axos Financial by 297.1% during the third quarter. Horizon Investment Services LLC now owns 14,586 shares of the company’s stock valued at $1,235,000 after buying an additional 10,913 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Axos Financial by 62.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 257,843 shares of the company’s stock worth $21,538,000 after acquiring an additional 99,042 shares in the last quarter. Argent Capital Management LLC raised its stake in shares of Axos Financial by 36.7% in the 3rd quarter. Argent Capital Management LLC now owns 53,690 shares of the company’s stock valued at $4,545,000 after acquiring an additional 14,415 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Axos Financial by 281.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 40,419 shares of the company’s stock valued at $3,386,000 after acquiring an additional 29,833 shares in the last quarter. Finally, CWM LLC boosted its position in Axos Financial by 32.8% during the 2nd quarter. CWM LLC now owns 10,233 shares of the company’s stock worth $778,000 after purchasing an additional 2,527 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Stock Performance

NYSE:AX opened at $97.29 on Wednesday. Axos Financial has a 52 week low of $54.46 and a 52 week high of $101.92. The company has a fifty day simple moving average of $90.93 and a two-hundred day simple moving average of $86.79. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.40. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 12.33 and a beta of 1.27.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Thursday, January 29th. The company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.18. Axos Financial had a return on equity of 16.98% and a net margin of 22.66%.The business had revenue of $385.09 million during the quarter, compared to the consensus estimate of $345.89 million. During the same period in the previous year, the company posted $1.82 earnings per share. The business’s revenue for the quarter was up 25.1% on a year-over-year basis. As a group, equities analysts anticipate that Axos Financial will post 7.22 earnings per share for the current fiscal year.

Axos Financial Company Profile

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.