Axos Financial (NYSE:AX) Shares Gap Up Following Better-Than-Expected Earnings

Axos Financial, Inc (NYSE:AX) shares gapped up before the market opened on Friday following a stronger than expected earnings report. The stock had previously closed at $94.64, but opened at $97.99. Axos Financial shares last traded at $97.8190, with a volume of 40,748 shares changing hands.

The company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.18. Axos Financial had a return on equity of 17.36% and a net margin of 22.66%.The business had revenue of $385.09 million for the quarter, compared to analysts’ expectations of $345.89 million. During the same quarter in the prior year, the firm earned $1.82 earnings per share. The firm’s revenue was up 25.1% on a year-over-year basis.

Axos Financial News Summary

Here are the key news stories impacting Axos Financial this week:

• Positive Sentiment: Q2 results beat expectations — Axos reported $2.25 EPS (vs. $2.07 consensus) and $385.1M revenue (vs. $345.9M est.), with a 22.4% net margin and solid ROE; revenue rose ~25% YoY, underscoring operating leverage. Read More.
• Positive Sentiment: Management guided to low- to mid‑teens loan growth for 2026 as it integrates the Verdant acquisition, signaling an emphasis on loan book expansion as a growth driver. Read More.
• Positive Sentiment: Analyst upgrades/price-target raises: Jefferies raised its target to $115 and keeps a Buy rating (largest reported upside), Needham raised to $110 and retains Buy, and Keefe, Bruyette & Woods raised to $110 (Market Perform) — these lifts support further upside expectations. Read More.
• Neutral Sentiment: Investor materials and earnings call are available — slides, the conference-call transcript and presentation give more detail on margins, capital, and the Verdant integration for those modeling FY2026. Read More.

Analysts Set New Price Targets

AX has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their price target on shares of Axos Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Friday. DA Davidson lifted their target price on shares of Axos Financial from $107.50 to $112.00 and gave the stock a “buy” rating in a research report on Friday. Weiss Ratings restated a “buy (b)” rating on shares of Axos Financial in a research report on Monday, December 29th. Needham & Company LLC raised their price objective on Axos Financial from $107.00 to $110.00 and gave the company a “buy” rating in a research note on Friday. Finally, Jefferies Financial Group boosted their target price on Axos Financial from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Friday. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.50.

Insider Buying and Selling

In related news, Director Tamara N. Bohlig sold 2,145 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $86.23, for a total transaction of $184,963.35. Following the completion of the transaction, the director owned 12,919 shares in the company, valued at $1,114,005.37. This represents a 14.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward James Ratinoff sold 2,145 shares of Axos Financial stock in a transaction on 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 sale, the director owned 46,209 shares in the company, valued at approximately $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. Corporate insiders own 4.85% of the company’s stock.

Institutional Investors Weigh In On Axos Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. American Century Companies Inc. lifted its holdings in Axos Financial by 1.5% in the third quarter. American Century Companies Inc. now owns 2,413,512 shares of the company’s stock worth $204,304,000 after buying an additional 35,391 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Axos Financial by 8.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 740,652 shares of the company’s stock valued at $56,319,000 after purchasing an additional 58,774 shares during the period. Geneva Capital Management LLC boosted its position in shares of Axos Financial by 6.0% during the second quarter. Geneva Capital Management LLC now owns 739,374 shares of the company’s stock valued at $56,222,000 after purchasing an additional 42,126 shares in the last quarter. Northern Trust Corp grew its stake in Axos Financial by 1.5% in the third quarter. Northern Trust Corp now owns 689,760 shares of the company’s stock worth $58,388,000 after purchasing an additional 10,097 shares during the period. Finally, Emerald Advisers LLC raised its holdings in Axos Financial by 3.7% in the second quarter. Emerald Advisers LLC now owns 553,591 shares of the company’s stock worth $42,095,000 after purchasing an additional 20,005 shares in the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Axos Financial Price Performance

The firm has a market cap of $5.62 billion, a PE ratio of 12.57 and a beta of 1.26. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a 50-day simple moving average of $88.57 and a 200 day simple moving average of $86.10.

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.