Axos Financial, Inc (NYSE:AX) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of Axos Financial, Inc (NYSE:AX) have earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $115.67.

A number of research firms recently commented on AX. Weiss Ratings downgraded Axos Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, September 24th. Keefe, Bruyette & Woods raised their target price on Axos Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a report on Friday, July 31st. Benchmark boosted their target price on Axos Financial from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Needham & Company LLC upped their price target on Axos Financial from $110.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, DA Davidson set a $121.00 price target on Axos Financial in a research note on Friday, July 31st.

Axos Financial Price Performance

AX opened at $87.76 on Friday. The company has a fifty day moving average price of $95.86 and a two-hundred day moving average price of $92.51. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.07 and a current ratio of 1.07. Axos Financial has a 52 week low of $74.89 and a 52 week high of $105.74. The firm has a market capitalization of $4.99 billion, a PE ratio of 10.36 and a beta of 1.29.

Axos Financial (NYSE:AX) last issued its earnings results on Thursday, July 30th. The company reported $2.53 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $375.54 million. During the same quarter in the previous year, the company posted $1.94 EPS. As a group, analysts anticipate that Axos Financial will post 9.64 earnings per share for the current year.

Insider Transactions at Axos Financial

In related news, Director Roque Santi sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $105.30, for a total transaction of $52,650.00. Following the completion of the transaction, the director owned 7,146 shares in the company, valued at approximately $752,473.80. The trade was a 6.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.85% of the company’s stock.

Hedge Funds Weigh In On Axos Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Arcus Capital Partners LLC boosted its position in Axos Financial by 5.3% in the second quarter. Arcus Capital Partners LLC now owns 2,775 shares of the company’s stock valued at $270,000 after buying an additional 139 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of 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 buying an additional 146 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Axos Financial by 6.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,427 shares of the company’s stock valued at $236,000 after acquiring an additional 150 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in shares of Axos Financial by 3.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 6,034 shares of the company’s stock valued at $520,000 after acquiring an additional 224 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Axos Financial by 42.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 767 shares of the company’s stock valued at $65,000 after acquiring an additional 230 shares during the last quarter. 83.79% of the stock is owned by institutional investors.

About Axos Financial

Axos Financial, Inc is the holding company for Axos Bank, a nationwide digital bank that provides banking and financial services to consumers and businesses. The company operates primarily through online and mobile platforms, allowing it to serve customers across the United States without relying on a traditional branch network.

Axos Bank offers personal banking products such as checking and savings accounts, certificates of deposit, mortgages, personal loans and other consumer lending products.