Axos Financial, Inc. (NYSE:AX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Axos Financial, Inc. (NYSE:AX) has earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $84.17.

A number of brokerages recently issued reports on AX. Keefe, Bruyette & Woods decreased their target price on Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a research report on Wednesday, January 29th. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. DA Davidson cut their target price on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Needham & Company LLC increased their price target on shares of Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, Raymond James restated an “outperform” rating and issued a $80.00 price objective (up from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, Director Edward James Ratinoff sold 4,002 shares of Axos Financial stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $79.41, for a total value of $317,798.82. Following the sale, the director now owns 46,209 shares of the company’s stock, valued at approximately $3,669,456.69. The trade was a 7.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.07% of the stock is currently owned by corporate insiders.

Institutional Trading of Axos Financial

Several hedge funds have recently modified their holdings of the business. State Street Corp lifted its holdings in Axos Financial by 5.5% in the third quarter. State Street Corp now owns 3,178,708 shares of the company’s stock valued at $199,877,000 after acquiring an additional 164,997 shares during the period. Geode Capital Management LLC increased its holdings in shares of Axos Financial by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock valued at $90,861,000 after purchasing an additional 91,797 shares in the last quarter. Wasatch Advisors LP lifted its stake in shares of Axos Financial by 34.0% in the third quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock valued at $72,610,000 after purchasing an additional 292,952 shares during the period. Geneva Capital Management LLC boosted its holdings in Axos Financial by 0.3% during the third quarter. Geneva Capital Management LLC now owns 708,520 shares of the company’s stock worth $44,552,000 after buying an additional 1,976 shares in the last quarter. Finally, Emerald Advisers LLC grew its position in Axos Financial by 14.4% during the third quarter. Emerald Advisers LLC now owns 505,544 shares of the company’s stock worth $31,789,000 after buying an additional 63,458 shares during the period. 83.79% of the stock is owned by institutional investors and hedge funds.

Axos Financial Stock Up 1.5 %

Shares of NYSE:AX opened at $72.18 on Friday. The firm has a 50 day simple moving average of $73.39 and a 200-day simple moving average of $70.34. Axos Financial has a twelve month low of $44.10 and a twelve month high of $88.46. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $4.12 billion, a PE ratio of 9.70 and a beta of 1.45.

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. On average, equities analysts predict that Axos Financial will post 7.18 EPS for the current fiscal year.

Axos Financial Company Profile

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.