Toth Financial Advisory Corp Makes New Investment in Axos Financial, Inc. (NYSE:AX)

Toth Financial Advisory Corp acquired a new position in shares of Axos Financial, Inc. (NYSE:AX) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,430 shares of the company’s stock, valued at approximately $618,000.

Other hedge funds have also modified their holdings of the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Axos Financial during the 4th quarter worth approximately $26,000. FinTrust Capital Advisors LLC purchased a new stake in Axos Financial during the 4th quarter valued at $44,000. GAMMA Investing LLC purchased a new stake in Axos Financial during the 4th quarter valued at $49,000. Strs Ohio raised its holdings in Axos Financial by 220.0% during the 4th quarter. Strs Ohio now owns 1,600 shares of the company’s stock valued at $87,000 after buying an additional 1,100 shares during the period. Finally, Quest Partners LLC purchased a new stake in Axos Financial during the 4th quarter valued at $100,000. 83.79% of the stock is owned by hedge funds and other institutional investors.

Axos Financial Stock Performance

AX stock opened at $57.15 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.20. The business’s fifty day simple moving average is $55.61 and its two-hundred day simple moving average is $53.63. Axos Financial, Inc. has a twelve month low of $32.05 and a twelve month high of $63.00. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 7.75 and a beta of 1.39.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, April 30th. The company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.21. Axos Financial had a return on equity of 18.57% and a net margin of 24.39%. The business had revenue of $476.73 million for the quarter, compared to analyst estimates of $277.85 million. During the same quarter last year, the firm posted $1.35 earnings per share. Analysts predict that Axos Financial, Inc. will post 6.76 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods restated an “outperform” rating and set a $79.00 price target on shares of Axos Financial in a report on Tuesday, June 4th. Piper Sandler increased their price target on Axos Financial from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, Wedbush restated a “neutral” rating and set a $60.00 price target on shares of Axos Financial in a report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Axos Financial presently has a consensus rating of “Moderate Buy” and an average target price of $67.25.

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.