Axos Financial, Inc (NYSE:AX) Receives $115.67 Average Price Target from Analysts

Shares of Axos Financial, Inc (NYSE:AX) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $115.6667.

Several brokerages have commented on AX. DA Davidson set a $121.00 target price on shares of Axos Financial in a report on Friday, July 31st. Weiss Ratings raised Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. Keefe, Bruyette & Woods upped their price target on shares of Axos Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Friday, July 31st. Benchmark upped their price objective on Axos Financial from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, Needham & Company LLC increased their price objective on shares of Axos Financial from $110.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, July 31st.

Insider Buying and Selling

In other Axos Financial news, Director Roque Santi sold 500 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total value of $52,650.00. Following the transaction, the director directly owned 7,146 shares of the company’s stock, valued at $752,473.80. This represents a 6.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 4.85% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Eurizon Capital SGR S.p.A. bought a new position in shares of Axos Financial in the fourth quarter worth $26,000. Basepoint Wealth LLC acquired a new position in Axos Financial during the 4th quarter worth approximately $28,000. Brown Brothers Harriman & Co. acquired a new position in shares of Axos Financial during the third quarter worth $29,000. State of Wyoming acquired a new position in Axos Financial in the 1st quarter worth about $30,000. Finally, Transamerica Financial Advisors LLC grew its holdings in shares of Axos Financial by 163.7% during the fourth quarter. Transamerica Financial Advisors LLC now owns 443 shares of the company’s stock worth $38,000 after purchasing an additional 275 shares during the last quarter. 83.79% of the stock is owned by institutional investors.

Axos Financial Stock Up 0.2%

Shares of Axos Financial stock opened at $98.16 on Monday. The stock has a market cap of $5.57 billion, a PE ratio of 11.59 and a beta of 1.22. Axos Financial has a 12 month low of $74.89 and a 12 month high of $105.74. The business has a fifty day simple moving average of $98.44 and a 200 day simple moving average of $92.44. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

Axos Financial (NYSE:AX) last announced 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. Axos Financial had a net margin of 22.39% and a return on equity of 16.96%. The company had revenue of $379.77 million for the quarter, compared to analysts’ expectations of $375.54 million. During the same period last year, the firm posted $1.94 earnings per share. Research analysts predict that Axos Financial will post 9.59 EPS for the current 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.