Axos Financial, Inc (NYSE:AX) Receives $104.50 Consensus PT from Analysts

Axos Financial, Inc (NYSE:AX) has earned a consensus rating of “Buy” from the eight brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $104.50.

AX has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 price target on shares of Axos Financial in a report on Friday, February 13th. Jefferies Financial Group raised their price objective on Axos Financial from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Axos Financial in a research report on Monday, December 29th. DA Davidson increased their price target on Axos Financial from $107.50 to $112.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, Keefe, Bruyette & Woods raised their price target on Axos Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Friday, January 30th.

Axos Financial Stock Performance

Shares of Axos Financial stock opened at $97.60 on Wednesday. The company has a market capitalization of $5.53 billion, a PE ratio of 12.37 and a beta of 1.27. The company has a 50-day simple moving average of $92.13 and a two-hundred day simple moving average of $87.17. Axos Financial has a one year low of $54.46 and a one year high of $101.92. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.08 and a current ratio of 1.08.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Thursday, January 29th. The company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.18. The firm had revenue of $385.09 million for the quarter, compared to the consensus estimate of $345.89 million. Axos Financial had a net margin of 22.66% and a return on equity of 16.98%. The company’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.82 EPS. Research analysts expect that Axos Financial will post 7.22 EPS for the current fiscal year.

Insider Buying and Selling

In other Axos Financial news, CEO Gregory Garrabrants sold 43,294 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $99.10, for a total transaction of $4,290,435.40. Following the transaction, the chief executive officer owned 1,418,751 shares in the company, valued at approximately $140,598,224.10. This represents a 2.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Tamara N. Bohlig sold 2,145 shares of Axos Financial stock in a transaction on Monday, December 8th. The stock was sold at an average price of $86.23, for a total transaction of $184,963.35. Following the sale, the director owned 12,919 shares of the company’s stock, valued at $1,114,005.37. The trade was a 14.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 63,593 shares of company stock worth $6,274,883 over the last ninety days. Company insiders own 4.85% of the company’s stock.

Institutional Trading of Axos Financial

Several large investors have recently added to or reduced their stakes in the company. Horizon Investment Services LLC raised its position in shares of Axos Financial by 297.1% in the third quarter. Horizon Investment Services LLC now owns 14,586 shares of the company’s stock worth $1,235,000 after acquiring an additional 10,913 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Axos Financial by 62.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 257,843 shares of the company’s stock valued at $21,538,000 after purchasing an additional 99,042 shares in the last quarter. Argent Capital Management LLC increased its stake in shares of Axos Financial by 36.7% in the 3rd quarter. Argent Capital Management LLC now owns 53,690 shares of the company’s stock valued at $4,545,000 after purchasing an additional 14,415 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Axos Financial by 281.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 40,419 shares of the company’s stock worth $3,386,000 after purchasing an additional 29,833 shares during the period. Finally, CWM LLC boosted its position in Axos Financial by 32.8% during the second quarter. CWM LLC now owns 10,233 shares of the company’s stock worth $778,000 after purchasing an additional 2,527 shares in the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Axos Financial Company Profile

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.