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

Shares of Axos Financial, Inc. (NYSE:AX) have been given an average rating of “Moderate Buy” by the five brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $79.80.

AX has been the topic of a number of analyst reports. Wedbush cut their price target on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. Keefe, Bruyette & Woods raised their target price on Axos Financial from $72.00 to $74.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. Piper Sandler increased their price target 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. StockNews.com cut shares of Axos Financial from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. Finally, Needham & Company LLC increased their target price on shares of Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, October 31st.

Axos Financial Trading Up 3.1 %

AX stock opened at $84.66 on Monday. The business has a fifty day moving average of $68.47 and a 200-day moving average of $64.08. The company has a market cap of $4.83 billion, a P/E ratio of 10.25 and a beta of 1.38. Axos Financial has a twelve month low of $36.93 and a twelve month high of $85.54. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share 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 18.99%. 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 previous year, the firm posted $1.41 earnings per share. As a group, equities research analysts expect that Axos Financial will post 7.02 EPS for the current year.

Insider Transactions at Axos Financial

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was 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 owns 424,149 shares of the company’s stock, valued at $26,776,526.37. This represents a 1.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Edward James Ratinoff sold 4,002 shares of Axos Financial stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $79.41, for a total transaction of $317,798.82. Following the completion of the sale, the director now owns 46,209 shares in the company, valued at $3,669,456.69. This trade represents a 7.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,199 shares of company stock valued at $10,882,135 over the last three months. Company insiders own 5.07% of the company’s stock.

Hedge Funds Weigh In On Axos Financial

Large investors have recently modified their holdings of the business. SG Americas Securities LLC raised its holdings in Axos Financial by 24.5% during the first quarter. SG Americas Securities LLC now owns 5,800 shares of the company’s stock worth $313,000 after acquiring an additional 1,142 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Axos Financial by 9.7% in the 1st quarter. Sei Investments Co. now owns 49,233 shares of the company’s stock valued at $2,660,000 after buying an additional 4,370 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Axos Financial by 36.7% in the first quarter. Russell Investments Group Ltd. now owns 18,447 shares of the company’s stock valued at $997,000 after buying an additional 4,957 shares in the last quarter. ProShare Advisors LLC increased its holdings in Axos Financial by 5.9% during the first quarter. ProShare Advisors LLC now owns 10,948 shares of the company’s stock worth $592,000 after buying an additional 612 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in Axos Financial by 54.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 25,012 shares of the company’s stock worth $1,352,000 after acquiring an additional 8,770 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

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.