AXOS FINANCIAL, INC (NYSE:AX) Receives $96.83 Average Price Target from Analysts

Shares of AXOS FINANCIAL, INC (NYSE:AX) have earned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $96.8333.

AX has been the topic of a number of recent analyst reports. Wall Street Zen raised AXOS FINANCIAL from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Needham & Company LLC boosted their price target on AXOS FINANCIAL from $102.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Weiss Ratings reissued a “buy (b)” rating on shares of AXOS FINANCIAL in a research report on Tuesday. DA Davidson boosted their price target on AXOS FINANCIAL from $100.00 to $106.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Finally, Raymond James Financial reissued an “outperform” rating and set a $100.00 price target (up previously from $95.00) on shares of AXOS FINANCIAL in a research report on Tuesday, September 23rd.

AXOS FINANCIAL Price Performance

NYSE:AX opened at $82.32 on Thursday. The stock’s 50-day simple moving average is $87.71 and its 200 day simple moving average is $77.52. The company has a market cap of $4.66 billion, a P/E ratio of 11.03 and a beta of 1.29. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.09. AXOS FINANCIAL has a 52-week low of $54.46 and a 52-week high of $93.84.

AXOS FINANCIAL (NYSE:AX) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.12. The firm had revenue of $321.45 million for the quarter, compared to the consensus estimate of $311.73 million. AXOS FINANCIAL had a return on equity of 17.11% and a net margin of 22.24%.The business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.83 earnings per share. As a group, sell-side analysts forecast that AXOS FINANCIAL will post 7.22 EPS for the current fiscal year.

Insider Activity at AXOS FINANCIAL

In other news, EVP Andrew J. Micheletti sold 13,960 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $85.38, for a total value of $1,191,904.80. Following the transaction, the executive vice president owned 67,460 shares of the company’s stock, valued at approximately $5,759,734.80. This represents a 17.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Candace L. Thiele sold 700 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $90.14, for a total value of $63,098.00. Following the completion of the transaction, the executive vice president directly owned 23 shares in the company, valued at $2,073.22. The trade was a 96.82% decrease in their position. The disclosure for this sale can be found here. 4.85% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AXOS FINANCIAL

Several institutional investors and hedge funds have recently made changes to their positions in AX. Nuveen LLC acquired a new position in shares of AXOS FINANCIAL in the first quarter valued at approximately $35,240,000. American Century Companies Inc. boosted its stake in shares of AXOS FINANCIAL by 14.7% in the first quarter. American Century Companies Inc. now owns 2,151,229 shares of the company’s stock valued at $138,797,000 after buying an additional 276,450 shares during the period. Voss Capital LP bought a new stake in shares of AXOS FINANCIAL in the first quarter valued at approximately $13,401,000. Boothbay Fund Management LLC bought a new stake in shares of AXOS FINANCIAL in the second quarter valued at approximately $9,639,000. Finally, Edgestream Partners L.P. boosted its stake in shares of AXOS FINANCIAL by 199.7% in the second quarter. Edgestream Partners L.P. now owns 165,283 shares of the company’s stock valued at $12,568,000 after buying an additional 110,136 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

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.