Axos Financial (NYSE:AX) Given New $128.00 Price Target at Needham & Company LLC

Axos Financial (NYSE:AX) had its price objective hoisted by Needham & Company LLC from $110.00 to $128.00 in a research report released on Friday, Marketbeat Ratings reports. Needham & Company LLC currently has a buy rating on the stock.

A number of other analysts have also commented on AX. Weiss Ratings raised shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. Benchmark assumed coverage on shares of Axos Financial in a research report on Wednesday, July 8th. They issued a “buy” rating and a $115.00 target price for the company. Zacks Research lowered shares of Axos Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Finally, Raymond James Financial raised shares of Axos Financial from an “outperform” rating to a “strong-buy” rating and cut their price target for the stock from $110.00 to $100.00 in a research report on Tuesday, April 7th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $114.83.

Axos Financial Trading Up 2.9%

NYSE AX opened at $101.34 on Friday. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 11.96 and a beta of 1.23. The stock’s 50 day moving average price is $93.40 and its two-hundred day moving average price is $91.86. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.15 and a current ratio of 1.15. Axos Financial has a 52 week low of $74.89 and a 52 week high of $105.20.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Thursday, July 30th. The company reported $2.53 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.37. The firm had revenue of $379.77 million during the quarter, compared to the consensus estimate of $375.54 million. Axos Financial had a return on equity of 17.31% and a net margin of 22.39%.During the same quarter in the prior year, the firm posted $1.94 EPS. As a group, analysts anticipate that Axos Financial will post 9.56 earnings per share for the current fiscal year.

Insider Activity at Axos Financial

In other news, Director Roque A. Santi sold 500 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $87.77, for a total value of $43,885.00. Following the completion of the sale, the director owned 7,646 shares of the company’s stock, valued at approximately $671,089.42. This represents a 6.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael James Watson sold 1,653 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $83.77, for a total transaction of $138,471.81. Following the completion of the transaction, the executive vice president directly owned 4,592 shares of the company’s stock, valued at $384,671.84. This represents a 26.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 4.85% of the company’s stock.

Institutional Trading of Axos Financial

A number of large investors have recently added to or reduced their stakes in AX. Cetera Investment Advisers increased its stake in shares of Axos Financial by 0.7% during the 4th quarter. Cetera Investment Advisers now owns 16,547 shares of the company’s stock worth $1,426,000 after purchasing an additional 108 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in Axos Financial by 3.3% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,495 shares of the company’s stock valued at $301,000 after purchasing an additional 113 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in Axos Financial by 0.9% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 14,871 shares of the company’s stock valued at $1,281,000 after purchasing an additional 132 shares during the last quarter. Salomon & Ludwin LLC grew 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 during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in Axos Financial by 7.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,186 shares of the company’s stock worth $188,000 after purchasing an additional 146 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Key Stories Impacting Axos Financial

Here are the key news stories impacting Axos Financial this week:

• Positive Sentiment: Fourth-quarter earnings exceeded expectations. Axos reported adjusted EPS of $2.53, above the approximately $2.15–$2.16 consensus range and up from $1.94 a year earlier. Revenue was $379.77 million, also ahead of the $375.54 million estimate. The company reported $124.9 million in net income and a 22.53% net margin. Axos Financial Beats Q4 Earnings and Revenue Estimates
• Positive Sentiment: Analysts raised their valuation targets. Needham increased its target from $110 to $128 and maintained a “buy” rating, implying substantial potential appreciation from recent trading levels. Keefe, Bruyette & Woods raised its target from $105 to $110 while retaining a “market perform” rating, signaling a more measured but still improved outlook. Needham Raises Axos Financial Price Target
• Positive Sentiment: Management expects continued loan growth. Axos forecast low- to mid-teens loan growth while expecting its net interest margin to remain stable, supporting expectations for further revenue and earnings expansion. Axos Forecasts Loan Growth and Stable Net Interest Margin
• Neutral Sentiment: Arc integration creates a near-term cost headwind. The integration is expected to add roughly $1 million in monthly expenses, which could constrain operating leverage even if loan growth remains strong.

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.