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

Shares of Axos Financial, Inc. (NYSE:AX) have received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $81.50.

AX has been the topic of several research analyst reports. Keefe, Bruyette & Woods cut their price objective on Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 29th. Raymond James reaffirmed an “outperform” rating and issued a $72.00 price objective (down previously from $80.00) on shares of Axos Financial in a research report on Friday, May 2nd. Piper Sandler cut their price objective on Axos Financial from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, May 1st. Needham & Company LLC reissued a “buy” rating and set a $88.00 price target on shares of Axos Financial in a research report on Thursday, May 1st. Finally, DA Davidson dropped their price target on Axos Financial from $88.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st.

Insider Buying and Selling

In other Axos Financial news, Director Paul Grinberg sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $68.09, for a total value of $2,042,700.00. Following the sale, the director now owns 113,295 shares of the company’s stock, valued at $7,714,256.55. The trade was a 20.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sara Wardell-Smith bought 3,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the transaction, the director now owns 10,250 shares of the company’s stock, valued at $663,482.50. This trade represents a 41.38% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.07% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Axos Financial

Several institutional investors have recently modified their holdings of AX. Heck Capital Advisors LLC purchased a new stake in shares of Axos Financial during the 4th quarter worth approximately $35,000. Kestra Investment Management LLC acquired a new stake in Axos Financial during the 4th quarter worth $52,000. NewEdge Advisors LLC lifted its position in Axos Financial by 1,700.0% in the fourth quarter. NewEdge Advisors LLC now owns 900 shares of the company’s stock valued at $63,000 after acquiring an additional 850 shares during the last quarter. R Squared Ltd purchased a new position in shares of Axos Financial during the fourth quarter worth about $66,000. Finally, SRS Capital Advisors Inc. increased its position in shares of Axos Financial by 238.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company’s stock worth $77,000 after purchasing an additional 773 shares in the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.

Axos Financial Stock Down 0.3%

Shares of AX opened at $72.49 on Monday. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 9.74 and a beta of 1.25. Axos Financial has a 1 year low of $44.10 and a 1 year high of $88.46. The business’s 50 day simple moving average is $63.68 and its 200-day simple moving average is $69.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09.

Axos Financial (NYSE:AX) last released its earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.07. The firm had revenue of $432.72 million for the quarter, compared to the consensus estimate of $305.04 million. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. During the same quarter in the previous year, the company posted $1.91 EPS. As a group, equities analysts expect that Axos Financial will post 7.22 earnings per share for the current fiscal year.

Axos Financial announced that its board has initiated a stock buyback program on Monday, May 12th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

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.