Axos Financial, Inc (AX) – What Are Analysts Thinking About This Stock?

Shares of Axos Financial, Inc (NYSE:AX) have been assigned an average recommendation of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $115.67.

A number of brokerages have issued reports on AX. Weiss Ratings raised Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. DA Davidson set a $121.00 target price on shares of Axos Financial in a research note on Friday, July 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $128.00 target price on shares of Axos Financial in a report on Monday, October 5th. Keefe, Bruyette & Woods increased their target price on shares of Axos Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Friday, July 31st. Finally, Benchmark lifted their price target on shares of Axos Financial from $115.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, August 13th.

Axos Financial Trading Up 0.0%

Shares of AX opened at $91.82 on Tuesday. Axos Financial has a 1 year low of $74.89 and a 1 year high of $105.74. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.35. The stock has a 50 day simple moving average of $92.10 and a 200-day simple moving average of $92.42. The stock has a market cap of $5.22 billion, a PE ratio of 10.84 and a beta of 1.28.

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Thursday, July 30th. The company reported $2.53 EPS for the quarter, beating the consensus estimate of $2.16 by $0.37. Axos Financial had a return on equity of 16.96% and a net margin of 22.39%. The business had revenue of $379.77 million for the quarter, compared to analyst estimates of $375.54 million. During the same quarter in the previous year, the firm earned $1.94 EPS. On average, sell-side analysts predict that Axos Financial will post 9.67 EPS for the current fiscal year.

Insider Buying and Selling at Axos Financial

In other news, Director Roque Santi sold 500 shares of Axos Financial stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.30, for a total value of $52,650.00. Following the completion of the transaction, the director owned 7,146 shares in the company, valued at approximately $752,473.80. The trade was a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Axos Financial

A number of large investors have recently bought and sold shares of the business. State of Wyoming acquired a new position in Axos Financial in the first quarter worth $30,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Axos Financial in the second quarter valued at $47,000. Root Financial Partners LLC acquired a new stake in shares of Axos Financial in the third quarter valued at $48,000. Versant Capital Management Inc raised its holdings in shares of Axos Financial by 77.9% in the second quarter. Versant Capital Management Inc now owns 708 shares of the company’s stock valued at $69,000 after buying an additional 310 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Axos Financial by 42.8% in the first quarter. EverSource Wealth Advisors LLC now owns 767 shares of the company’s stock valued at $65,000 after buying an additional 230 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors.

About Axos Financial

Axos Financial, Inc is a financial holding company that operates primarily through Axos Bank, a nationwide digital bank. The company provides personal and business banking products, including checking and savings accounts, certificates of deposit, mortgage and home-equity loans, commercial lending, and other deposit and credit services. Its digital-first model allows customers to access accounts and financial services online and through mobile platforms.

Through its institutional businesses, Axos also provides securities clearing, custody, and related brokerage services to registered investment advisers, broker-dealers, and other financial institutions.