Analysts Set Axos Financial, Inc. (NYSE:AX) Price Target at $83.20

Shares of Axos Financial, Inc. (NYSE:AX) have been given an average recommendation of “Moderate Buy” by the five analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $83.20.

A number of research analysts have issued reports on AX shares. Needham & Company LLC reissued a “buy” rating and set a $85.00 price objective on shares of Axos Financial in a research report on Thursday. Keefe, Bruyette & Woods boosted their price target on shares of Axos Financial from $74.00 to $91.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Wedbush lowered their price objective on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Finally, StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th.

Insider Buying and Selling

In other news, CEO Gregory Garrabrants sold 125,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total value of $10,236,250.00. Following the sale, the chief executive officer now directly owns 1,340,377 shares of the company’s stock, valued at approximately $109,763,472.53. This represents a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Edward James Ratinoff sold 4,002 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $79.41, for a total value of $317,798.82. Following the transaction, the director now owns 46,209 shares of the company’s stock, valued at $3,669,456.69. The trade was a 7.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.07% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AX. Hollencrest Capital Management purchased a new stake in shares of Axos Financial during the second quarter valued at $25,000. Kathleen S. Wright Associates Inc. bought a new position in Axos Financial during the 3rd quarter valued at about $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Axos Financial during the 3rd quarter valued at about $41,000. Farther Finance Advisors LLC boosted its holdings in shares of Axos Financial by 881.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock valued at $41,000 after acquiring an additional 582 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Axos Financial by 45.7% in the third quarter. GAMMA Investing LLC now owns 982 shares of the company’s stock worth $62,000 after acquiring an additional 308 shares during the period. 83.79% of the stock is owned by hedge funds and other institutional investors.

Axos Financial Stock Down 0.8 %

NYSE AX opened at $68.97 on Tuesday. Axos Financial has a 1 year low of $44.10 and a 1 year high of $88.46. The stock has a market capitalization of $3.94 billion, a PE ratio of 8.35 and a beta of 1.46. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. The business’s 50-day moving average is $76.75 and its 200 day moving average is $68.93.

Axos Financial (NYSE:AX) last issued its quarterly earnings data 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. The firm had revenue of $512.87 million for the quarter, compared to analyst estimates of $299.59 million. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. During the same period last year, the company earned $1.41 EPS. Sell-side analysts forecast that Axos Financial will post 7.07 earnings per share for the current 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.