Analysts Set Axos Financial, Inc (NYSE:AX) Price Target at $104.50

Shares of Axos Financial, Inc (NYSE:AX) have been given an average rating of “Buy” by the eight research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $104.50.

AX has been the topic of a number of analyst reports. Keefe, Bruyette & Woods raised their price target on Axos Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Friday, January 30th. Zacks Research raised shares of Axos Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Jefferies Financial Group boosted their price target on shares of Axos Financial from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Needham & Company LLC reissued a “buy” rating and issued a $110.00 target price on shares of Axos Financial in a report on Friday. Finally, DA Davidson boosted their price target on Axos Financial from $107.50 to $112.00 and gave the stock a “buy” rating in a research note on Friday, January 30th.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, Director Tamara N. Bohlig sold 2,145 shares of the business’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $86.23, for a total value of $184,963.35. Following the completion of the transaction, the director directly owned 12,919 shares in the company, valued at approximately $1,114,005.37. The trade was a 14.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James John Court sold 11,163 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $101.01, for a total transaction of $1,127,574.63. Following the completion of the sale, the director owned 32,169 shares of the company’s stock, valued at approximately $3,249,390.69. The trade was a 25.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 63,593 shares of company stock valued at $6,274,883. Corporate insiders own 4.85% of the company’s stock.

Institutional Investors Weigh In On Axos Financial

Large investors have recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC lifted its stake in shares of Axos Financial by 3.3% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,495 shares of the company’s stock worth $301,000 after acquiring an additional 113 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Axos Financial by 59.6% during the third quarter. Bessemer Group Inc. now owns 348 shares of the company’s stock worth $29,000 after acquiring an additional 130 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Axos Financial by 3.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,889 shares of the company’s stock valued at $329,000 after buying an additional 131 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its holdings in Axos Financial by 0.9% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 14,871 shares of the company’s stock worth $1,281,000 after purchasing an additional 132 shares during the period. Finally, Salomon & Ludwin LLC raised its holdings in Axos Financial by 43.2% during the fourth quarter. Salomon & Ludwin LLC now owns 441 shares of the company’s stock worth $39,000 after purchasing an additional 133 shares in the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

Axos Financial Price Performance

Shares of Axos Financial stock opened at $97.29 on Wednesday. Axos Financial has a 12 month low of $54.46 and a 12 month high of $101.92. The stock has a market capitalization of $5.51 billion, a P/E ratio of 12.33 and a beta of 1.27. The business has a 50 day simple moving average of $91.59 and a two-hundred day simple moving average of $86.98. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.08 and a quick ratio of 1.08.

Axos Financial (NYSE:AX) last issued its earnings results on Thursday, January 29th. The company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.18. Axos Financial had a net margin of 22.66% and a return on equity of 16.98%. The company had revenue of $385.09 million for the quarter, compared to the consensus estimate of $345.89 million. During the same period in the previous year, the firm earned $1.82 earnings per share. Axos Financial’s quarterly revenue was up 25.1% compared to the same quarter last year. As a group, analysts predict that Axos Financial will post 7.22 EPS for the current fiscal year.

About Axos Financial

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.