Axos Financial (NYSE:AX) had its price target increased by B. Riley from $33.00 to $39.00 in a report released on Monday, The Fly reports. They currently have a buy rating on the stock. B. Riley also issued estimates for Axos Financial’s Q2 2020 earnings at $0.67 EPS, Q3 2020 earnings at $0.94 EPS, FY2020 earnings at $3.00 EPS, Q1 2021 earnings at $0.67 EPS, Q2 2021 earnings at $0.71 EPS, Q3 2021 earnings at $0.98 EPS, Q4 2021 earnings at $0.78 EPS and FY2021 earnings at $3.15 EPS.

AX has been the topic of a number of other research reports. Compass Point raised Axos Financial from a neutral rating to a buy rating in a research note on Wednesday, July 31st. Zacks Investment Research raised Axos Financial from a sell rating to a hold rating in a research note on Friday, October 25th. Finally, ValuEngine raised Axos Financial from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $38.00.

NYSE AX remained flat at $$30.09 during trading hours on Monday. The company’s stock had a trading volume of 177,629 shares, compared to its average volume of 354,326. The stock has a 50 day moving average price of $28.56 and a 200-day moving average price of $28.04. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.42. Axos Financial has a 52 week low of $23.87 and a 52 week high of $33.52. The stock has a market capitalization of $1.84 billion, a PE ratio of 10.94 and a beta of 1.01.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, October 29th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. The firm had revenue of $124.84 million for the quarter, compared to analysts’ expectations of $124.87 million. Axos Financial had a return on equity of 16.66% and a net margin of 23.48%. The company’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share. As a group, analysts expect that Axos Financial will post 3.02 EPS for the current year.

A number of large investors have recently made changes to their positions in AX. Doyle Wealth Management bought a new position in Axos Financial in the second quarter worth approximately $35,000. Steward Partners Investment Advisory LLC purchased a new stake in Axos Financial during the second quarter worth $39,000. NumerixS Investment Technologies Inc purchased a new stake in Axos Financial during the second quarter worth $55,000. Quantamental Technologies LLC purchased a new stake in Axos Financial during the second quarter worth $154,000. Finally, CWM LLC lifted its holdings in Axos Financial by 6.9% during the second quarter. CWM LLC now owns 6,200 shares of the company’s stock worth $169,000 after buying an additional 400 shares during the period. 72.65% of the stock is currently owned by institutional investors.

Axos Financial Company Profile

Axos Financial, Inc operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; prime loans to customers secured by new and used automobiles; and term unsecured personal loans to individual borrowers, as well as overdraft lines of credit.

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