Axos Financial (NYSE:AX) Stock Price Down 6% After Earnings Miss

Axos Financial, Inc (NYSE:AX) shares were down 6% on Friday following a weaker than expected earnings announcement. The stock traded as low as $89.66 and last traded at $90.6250. Approximately 92,278 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 385,453 shares. The stock had previously closed at $96.44.

The company reported $1.90 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.23). The business had revenue of $392.25 million for the quarter, compared to the consensus estimate of $372.51 million. Axos Financial had a net margin of 22.66% and a return on equity of 16.98%. During the same quarter in the previous year, the firm posted $1.81 EPS.

Trending Headlines about Axos Financial

Here are the key news stories impacting Axos Financial this week:

• Positive Sentiment: Management reiterated growth plans and expects low- to mid‑teens loan growth while two large deposit deals progress — a $2.3B Jenius relationship and a $3.2B Capital One deposit transfer — which support funding and growth outlook. Axos projects loan growth & deposit deals
• Positive Sentiment: Top-line beat: revenue of $392.3M topped consensus (~$372.5M), suggesting underlying business activity was stronger than expected. MarketBeat earnings summary
• Neutral Sentiment: Company presentation and full earnings-call transcript are available for detail; these will matter for interpreting one-time items, fee income mix and margin drivers. Investors will parse the slides and call for forward guidance and deposit/margin specifics. Earnings presentation Earnings call transcript
• Negative Sentiment: EPS confusion/miss: several analyst reports (Zacks, MarketBeat) show EPS of $1.90 vs. a $2.13 consensus — a miss that typically triggers downside selling. (The company press release also reported net income growth and a diluted EPS figure cited at $2.15, so differences between GAAP/adjusted or per‑share calculations may have amplified investor uncertainty.) Zacks: misses Q3 estimates Company press release
• Negative Sentiment: Market reaction also reflects technical/valuation pressures: the shares are trading around recent 50‑ and 200‑day moving averages and volume was light versus average, so any earnings miss or mixed message can produce outsized short‑term moves. MarketBeat price & volume data

Analysts Set New Price Targets

AX has been the topic of several analyst reports. Raymond James Financial raised Axos Financial from an “outperform” rating to a “strong-buy” rating and cut their target price for the company from $110.00 to $100.00 in a research note on Tuesday, April 7th. Jefferies Financial Group raised their target price on Axos Financial from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, January 30th. DA Davidson upped 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. Zacks Research cut Axos Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 price target on shares of Axos Financial in a research note on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $109.40.

Insider Activity at Axos Financial

In related news, EVP Derrick Walsh sold 4,846 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $101.21, for a total value of $490,463.66. Following the completion of the sale, the executive vice president owned 37,936 shares in the company, valued at $3,839,502.56. This represents a 11.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James John Court sold 11,163 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $101.01, for a total transaction of $1,127,574.63. Following the completion of the sale, the director owned 32,169 shares of the company’s stock, valued at approximately $3,249,390.69. This represents a 25.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 59,303 shares of company stock worth $5,908,474 in the last quarter. Corporate insiders own 4.85% of the company’s stock.

Hedge Funds Weigh In On Axos Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Eurizon Capital SGR S.p.A. acquired a new position in Axos Financial in the 4th quarter worth $26,000. Salomon & Ludwin LLC acquired a new position in Axos Financial in the 3rd quarter worth $26,000. Basepoint Wealth LLC acquired a new position in Axos Financial in the 4th quarter worth $28,000. Brown Brothers Harriman & Co. acquired a new position in Axos Financial in the 3rd quarter worth $29,000. Finally, Bessemer Group Inc. boosted its stake in Axos Financial by 59.6% in the 3rd quarter. Bessemer Group Inc. now owns 348 shares of the company’s stock worth $29,000 after purchasing an additional 130 shares during the period. 83.79% of the stock is owned by institutional investors and hedge funds.

Axos Financial Stock Performance

The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 11.50 and a beta of 1.26. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.40. The stock’s 50 day moving average is $89.89 and its two-hundred day moving average is $88.01.

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.