Axos Financial, Inc (NYSE:AX) Given Average Rating of “Moderate Buy” by Analysts

Shares of Axos Financial, Inc (NYSE:AX) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $109.40.

AX has been the subject of several analyst reports. Weiss Ratings downgraded shares of Axos Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Raymond James Financial upgraded shares of Axos Financial from an “outperform” rating to a “strong-buy” rating and lowered their target price for the company from $110.00 to $100.00 in a report on Tuesday, April 7th. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 target price on shares of Axos Financial in a report on Monday, March 16th. Finally, Zacks Research downgraded shares of Axos Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th.

Insider Activity

In other news, EVP Michael James Watson sold 1,653 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $83.77, for a total value of $138,471.81. Following the completion of the sale, the executive vice president owned 4,592 shares in the company, valued at $384,671.84. This represents a 26.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Roque A. Santi sold 500 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $87.77, for a total transaction of $43,885.00. Following the sale, the director owned 7,646 shares of the company’s stock, valued at $671,089.42. This trade represents a 6.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 4.85% of the company’s stock.

Institutional Trading of Axos Financial

A number of large investors have recently added to or reduced their stakes in AX. Eurizon Capital SGR S.p.A. purchased a new stake in Axos Financial during the fourth quarter worth about $26,000. Basepoint Wealth LLC purchased a new stake in Axos Financial during the fourth quarter worth about $28,000. Bessemer Group Inc. increased its holdings in 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 buying an additional 130 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in Axos Financial during the third quarter worth about $29,000. Finally, State of Wyoming purchased a new stake in Axos Financial during the first quarter worth about $30,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Axos Financial Stock Performance

AX opened at $89.49 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.38. The company’s fifty day moving average price is $89.77 and its two-hundred day moving average price is $89.63. Axos Financial has a 1-year low of $69.25 and a 1-year high of $101.92. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 10.87 and a beta of 1.24.

Axos Financial (NYSE:AX) last announced its earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.23). The firm had revenue of $392.25 million during the quarter, compared to analysts’ expectations of $372.51 million. Axos Financial had a net margin of 22.53% and a return on equity of 16.48%. During the same quarter in the prior year, the company earned $1.81 EPS. On average, analysts expect that Axos Financial will post 8.49 EPS for the current fiscal year.

Axos Financial Company Profile

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.