Axos Financial, Inc. (NYSE:AX) has earned an average rating of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has 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 twelve-month price target among brokerages that have issued ratings on the stock in the last year is $46.60.
A number of analysts recently weighed in on the company. B. Riley increased their price objective on Axos Financial from $48.00 to $52.00 and gave the company a “buy” rating in a report on Friday, April 9th. Raymond James increased their price objective on Axos Financial from $48.00 to $53.00 and gave the company a “strong-buy” rating in a report on Monday. DA Davidson increased their price objective on Axos Financial from $42.00 to $48.00 and gave the company a “buy” rating in a report on Friday, January 15th. They noted that the move was a valuation call. Janney Montgomery Scott raised shares of Axos Financial from a “neutral” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Friday. Finally, Zacks Investment Research cut shares of Axos Financial from a “buy” rating to a “hold” rating in a research report on Thursday, April 29th.
Shares of NYSE:AX traded down $0.25 during trading on Tuesday, hitting $45.49. 188,152 shares of the company were exchanged, compared to its average volume of 322,363. The business’s 50 day moving average is $47.58 and its 200-day moving average is $40.58. The company has a market capitalization of $2.69 billion, a P/E ratio of 14.17 and a beta of 1.82. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.62. Axos Financial has a 1-year low of $17.14 and a 1-year high of $54.36.
Axos Financial (NYSE:AX) last posted its quarterly earnings data on Wednesday, April 28th. The company reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.03. Axos Financial had a return on equity of 16.89% and a net margin of 26.29%. As a group, sell-side analysts anticipate that Axos Financial will post 3.19 earnings per share for the current year.
In other news, Director Mosich Nick sold 1,874 shares of the stock in a transaction dated Monday, February 22nd. The shares were sold at an average price of $46.29, for a total transaction of $86,747.46. Following the transaction, the director now owns 70,970 shares of the company’s stock, valued at approximately $3,285,201.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 13,070 shares of company stock worth $590,429 in the last three months. Insiders own 7.00% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Inspire Advisors LLC acquired a new stake in shares of Axos Financial in the 4th quarter worth about $30,000. Meeder Asset Management Inc. raised its holdings in shares of Axos Financial by 804.8% in the 1st quarter. Meeder Asset Management Inc. now owns 941 shares of the company’s stock worth $45,000 after acquiring an additional 837 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Axos Financial by 43.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,166 shares of the company’s stock worth $27,000 after acquiring an additional 353 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Axos Financial in the 4th quarter worth about $44,000. Finally, Toronto Dominion Bank purchased a new stake in Axos Financial in the 4th quarter valued at about $46,000. Institutional investors own 75.15% of the company’s stock.
About Axos Financial
Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, and money market accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured loans; automobile and RV secured loans; factoring loans; commercial and industrial loans and leases; and other loans, such as unsecured consumer loans, and other small balance business and consumer loans.
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