Keefe, Bruyette & Woods Issues Positive Forecast for Axos Financial (NYSE:AX) Stock Price

Axos Financial (NYSE:AX) had its price objective increased by equities research analysts at Keefe, Bruyette & Woods from $72.00 to $74.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 12.38% from the stock’s current price.

A number of other brokerages also recently issued reports on AX. Wedbush reduced their price objective on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Raymond James upped their price objective on shares of Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Needham & Company LLC increased their target price on shares of Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Piper Sandler increased their target price on shares of Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $79.80.

Axos Financial Trading Down 2.8 %

Shares of AX stock opened at $65.85 on Friday. Axos Financial has a 52-week low of $32.05 and a 52-week high of $79.15. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. The company has a 50-day simple moving average of $64.88 and a two-hundred day simple moving average of $61.48. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 7.97 and a beta of 1.39.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. Axos Financial had a net margin of 24.07% and a return on equity of 19.47%. The business had revenue of $512.87 million during the quarter, compared to the consensus estimate of $299.59 million. During the same period in the prior year, the firm posted $1.41 EPS. Research analysts anticipate that Axos Financial will post 7.03 EPS for the current fiscal year.

Insider Activity

In other news, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the completion of the transaction, the executive vice president now directly owns 424,149 shares of the company’s stock, valued at $26,776,526.37. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.07% of the company’s stock.

Institutional Trading of Axos Financial

Institutional investors have recently modified their holdings of the business. Hollencrest Capital Management purchased a new stake in shares of Axos Financial during the 2nd quarter valued at approximately $25,000. EntryPoint Capital LLC lifted its stake in Axos Financial by 816.7% in the 1st quarter. EntryPoint Capital LLC now owns 495 shares of the company’s stock worth $27,000 after purchasing an additional 441 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in Axos Financial in the 3rd quarter worth approximately $27,000. Farther Finance Advisors LLC lifted its stake in Axos Financial by 881.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock worth $41,000 after purchasing an additional 582 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Axos Financial by 122.5% in the 1st quarter. Advisors Asset Management Inc. now owns 901 shares of the company’s stock worth $49,000 after purchasing an additional 496 shares in the last quarter. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

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.