According to Zacks, “Axos Financial Inc. is the holding company for BofI Federal Bank, which provides financing for single and multifamily residential properties, small-to-medium size businesses in target sectors and selected specialty finance receivables. BofI Federal Bank provides consumer and business banking products. Axos Financial Inc., formerly known as BofI Holding Inc., is based in San Diego, California. “
AX has been the topic of several other reports. ValuEngine cut Axos Financial from a hold rating to a sell rating in a research report on Monday, December 16th. B. Riley upped their price objective on Axos Financial from $33.00 to $39.00 and gave the company a buy rating in a research report on Monday, November 4th. Finally, Wedbush began coverage on Axos Financial in a research report on Tuesday, December 17th. They issued an outperform rating and a $35.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $37.25.
AX stock opened at $29.41 on Monday. The stock has a market capitalization of $1.81 billion, a PE ratio of 10.69 and a beta of 0.99. Axos Financial has a 12-month low of $24.05 and a 12-month high of $33.52. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.42. The stock’s 50 day simple moving average is $29.65 and its 200 day simple moving average is $28.15.
Axos Financial (NYSE:AX) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. The business had revenue of $124.84 million for the quarter, compared to analysts’ expectations of $124.87 million. Axos Financial had a return on equity of 16.66% and a net margin of 23.48%. The firm’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 EPS. On average, research analysts predict that Axos Financial will post 3.03 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System raised its stake in Axos Financial by 1.0% during the 3rd quarter. California State Teachers Retirement System now owns 89,929 shares of the company’s stock valued at $2,487,000 after buying an additional 904 shares during the last quarter. First Trust Advisors LP raised its stake in Axos Financial by 59.5% during the 3rd quarter. First Trust Advisors LP now owns 47,500 shares of the company’s stock valued at $1,313,000 after buying an additional 17,727 shares during the last quarter. Creative Planning raised its stake in Axos Financial by 3.2% during the 3rd quarter. Creative Planning now owns 63,803 shares of the company’s stock valued at $1,764,000 after buying an additional 2,000 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Axos Financial by 15.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 85,484 shares of the company’s stock valued at $2,363,000 after buying an additional 11,744 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in Axos Financial by 18.3% during the 3rd quarter. California Public Employees Retirement System now owns 150,842 shares of the company’s stock valued at $4,171,000 after buying an additional 23,341 shares during the last quarter. Institutional investors and hedge funds own 72.64% of the company’s stock.
About Axos Financial
Axos Financial, Inc operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; prime loans to customers secured by new and used automobiles; and term unsecured personal loans to individual borrowers, as well as overdraft lines of credit.
Recommended Story: Understanding Market Liquidity
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Axos Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axos Financial and related companies with MarketBeat.com's FREE daily email newsletter.