Axos Financial, Inc (NYSE:AX) Receives Average Recommendation of “Moderate Buy” from Analysts

Axos Financial, Inc (NYSE:AX) has earned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $97.4167.

Several analysts have recently weighed in on the stock. Raymond James Financial reiterated an “outperform” rating and set a $100.00 target price (up from $95.00) on shares of Axos Financial in a research report on Tuesday, September 23rd. Keefe, Bruyette & Woods raised their price target on shares of Axos Financial from $94.00 to $100.00 and gave the stock a “market perform” rating in a research note on Monday, September 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Axos Financial in a report on Monday, December 29th. DA Davidson upped their price objective on Axos Financial from $106.00 to $107.50 and gave the company a “buy” rating in a research note on Monday, December 8th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $107.00 target price on shares of Axos Financial in a report on Friday.

Axos Financial Stock Performance

Shares of NYSE AX opened at $94.60 on Friday. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 12.66 and a beta of 1.26. Axos Financial has a one year low of $54.46 and a one year high of $95.81. The business has a fifty day simple moving average of $85.49 and a 200 day simple moving average of $85.33. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.54.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Thursday, October 30th. The company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.21. The firm had revenue of $323.39 million for the quarter, compared to the consensus estimate of $319.96 million. Axos Financial had a net margin of 22.41% and a return on equity of 16.72%. During the same quarter in the previous year, the company earned $1.96 earnings per share. Sell-side analysts expect that Axos Financial will post 7.22 EPS for the current year.

Insider Activity

In other Axos Financial news, Director Tamara N. Bohlig sold 2,145 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $86.23, for a total transaction of $184,963.35. Following the transaction, the director directly owned 12,919 shares in the company, valued at approximately $1,114,005.37. This represents a 14.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Edward James Ratinoff sold 2,145 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $84.59, for a total transaction of $181,445.55. Following the completion of the transaction, the director directly owned 46,209 shares in the company, valued at $3,908,819.31. This trade represents a 4.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 4.85% of the company’s stock.

Institutional Trading of Axos Financial

A number of institutional investors have recently bought and sold shares of the business. Salomon & Ludwin LLC acquired a new position in shares of Axos Financial in the 3rd quarter valued at $26,000. Bessemer Group Inc. raised its holdings in shares of Axos Financial by 59.6% during the third quarter. Bessemer Group Inc. now owns 348 shares of the company’s stock worth $29,000 after acquiring an additional 130 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of Axos Financial during the third quarter worth $29,000. True Wealth Design LLC lifted its position in Axos Financial by 120.9% in the 2nd quarter. True Wealth Design LLC now owns 433 shares of the company’s stock valued at $33,000 after acquiring an additional 237 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Axos Financial by 294.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock worth $34,000 after purchasing an additional 333 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

About Axos Financial

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.