Axos Financial, Inc. (NYSE:AX) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Axos Financial, Inc. (NYSE:AX) have been given a consensus rating of “Moderate Buy” by the five brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $80.20.

AX has been the subject of several research analyst reports. Piper Sandler upped their price target on shares of Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Raymond James increased their target price on Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods downgraded Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 target price on the stock. in a research report on Wednesday, July 31st. Wedbush dropped their price target on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Finally, Needham & Company LLC initiated coverage on Axos Financial in a report on Friday, October 11th. They issued a “buy” rating and a $82.00 price objective on the stock.

Insider Buying and Selling

In other news, EVP Andrew J. Micheletti sold 5,197 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the transaction, the executive vice president now owns 424,149 shares of the company’s stock, valued at approximately $26,776,526.37. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.82% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC increased its position in shares of Axos Financial by 6.1% during the first quarter. Lazard Asset Management LLC now owns 260,100 shares of the company’s stock valued at $14,055,000 after acquiring an additional 14,953 shares during the last quarter. GSA Capital Partners LLP increased its holdings in Axos Financial by 122.2% in the 1st quarter. GSA Capital Partners LLP now owns 31,440 shares of the company’s stock valued at $1,699,000 after purchasing an additional 17,288 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in Axos Financial by 7.2% in the 1st quarter. First Eagle Investment Management LLC now owns 187,572 shares of the company’s stock valued at $10,136,000 after purchasing an additional 12,650 shares during the last quarter. BNP Paribas Financial Markets raised its position in Axos Financial by 37.6% in the first quarter. BNP Paribas Financial Markets now owns 45,960 shares of the company’s stock valued at $2,484,000 after purchasing an additional 12,560 shares during the period. Finally, M&G Plc acquired a new position in Axos Financial during the first quarter worth $8,249,000. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Axos Financial Stock Up 0.1 %

Shares of AX opened at $65.63 on Thursday. The firm has a market cap of $3.74 billion, a P/E ratio of 8.90 and a beta of 1.39. Axos Financial has a 12 month low of $32.05 and a 12 month high of $79.15. The stock’s 50 day moving average is $64.64 and its two-hundred day moving average is $60.77. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Tuesday, July 30th. The company reported $1.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.80. The firm had revenue of $484.29 million for the quarter, compared to analysts’ expectations of $296.02 million. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. During the same quarter last year, the company earned $1.50 EPS. Analysts predict that Axos Financial will post 7.12 earnings per share for the current fiscal year.

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.