Axos Financial, Inc (NYSE:AX) Receives Average Recommendation of “Moderate Buy” from Analysts

Axos Financial, Inc (NYSE:AX) has been assigned an average rating of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $115.67.

A number of brokerages have issued reports on AX. 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 report on Friday, July 31st. Benchmark lifted their price target on shares of Axos Financial from $115.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Keefe, Bruyette & Woods raised their price objective on Axos Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Friday, July 31st. Weiss Ratings cut shares of Axos Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, September 24th. Finally, DA Davidson set a $121.00 price objective on shares of Axos Financial in a research report on Friday, July 31st.

Insiders Place Their Bets

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

Institutional Trading of Axos Financial

Several institutional investors have recently added to or reduced their stakes in the company. Cim Investment Management Inc. raised its holdings in shares of Axos Financial by 7.9% in the second quarter. Cim Investment Management Inc. now owns 4,571 shares of the company’s stock worth $445,000 after buying an additional 336 shares during the period. Bullseye Investment Management LLC bought a new position in Axos Financial in the 2nd quarter valued at $1,537,000. Tidal Investments LLC purchased a new stake in Axos Financial in the second quarter worth $215,000. Engineers Gate Manager LP lifted its position in shares of Axos Financial by 6.0% during the second quarter. Engineers Gate Manager LP now owns 11,663 shares of the company’s stock worth $1,136,000 after purchasing an additional 661 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Axos Financial during the second quarter valued at $80,000. Institutional investors own 83.79% of the company’s stock.

Axos Financial Stock Down 1.5%

AX opened at $86.43 on Friday. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 10.20 and a beta of 1.22. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.07 and a current ratio of 1.07. The firm’s fifty day moving average is $96.22 and its 200 day moving average is $92.48. Axos Financial has a fifty-two week low of $74.89 and a fifty-two week high of $105.74.

Axos Financial (NYSE:AX) last announced its quarterly earnings data 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 return on equity of 16.96% and a net margin of 22.39%.The business had revenue of $379.77 million for the quarter, compared to the consensus estimate of $375.54 million. During the same period in the previous year, the business earned $1.94 earnings per share. On average, sell-side analysts forecast that Axos Financial will post 9.64 earnings per share for the current fiscal year.

Axos Financial Company Profile

Axos Financial, Inc is the parent company of Axos Bank, a digital-first financial institution that provides banking and financial services to consumers, businesses and institutional clients. The company operates primarily through online and mobile platforms, supplemented by relationship-based banking and specialized service teams.

Axos Bank offers deposit products, personal and business checking and savings accounts, certificates of deposit, consumer lending, residential mortgage loans, commercial and industrial loans, commercial real estate financing and treasury management services.