Axos Financial, Inc. (NYSE:AX) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Axos Financial, Inc. (NYSE:AX) have earned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $80.20.

Several equities research analysts have recently issued reports on AX shares. Piper Sandler increased their price objective on shares of Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Needham & Company LLC began coverage on Axos Financial in a research report on Friday, October 11th. They issued a “buy” rating and a $82.00 price objective on the stock. Raymond James boosted their price objective on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Wedbush lowered their target price on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Finally, Keefe, Bruyette & Woods cut Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price target for the company. in a report on Wednesday, July 31st.

Insider Activity at Axos Financial

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the transaction, the executive vice president now owns 424,149 shares in the company, valued at $26,776,526.37. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.82% of the company’s stock.

Institutional Trading of Axos Financial

Several institutional investors have recently modified their holdings of AX. Wellington Management Group LLP lifted its stake in Axos Financial by 162.7% during the fourth quarter. Wellington Management Group LLP now owns 214,950 shares of the company’s stock valued at $11,736,000 after purchasing an additional 133,113 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Axos Financial by 8.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,318 shares of the company’s stock worth $290,000 after acquiring an additional 394 shares in the last quarter. Toth Financial Advisory Corp acquired a new position in shares of Axos Financial in the 1st quarter worth $618,000. Investment Research & Advisory Group Inc. acquired a new stake in shares of Axos Financial during the first quarter worth $27,000. Finally, CCG Wealth Management LLC raised its position in shares of Axos Financial by 441.5% during the first quarter. CCG Wealth Management LLC now owns 54,211 shares of the company’s stock worth $2,930,000 after purchasing an additional 44,200 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Trading Up 3.4 %

Shares of AX opened at $67.03 on Thursday. Axos Financial has a twelve month low of $32.05 and a twelve month high of $79.15. The firm has a market capitalization of $3.82 billion, a P/E ratio of 9.09 and a beta of 1.39. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. The stock’s fifty day simple moving average is $64.79 and its 200 day simple moving average is $61.17.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.80 earnings per share for the quarter, meeting the consensus estimate of $1.80. Axos Financial had a return on equity of 18.57% and a net margin of 23.96%. The business had revenue of $484.29 million for the quarter, compared to analyst estimates of $296.02 million. During the same period in the previous year, the company posted $1.50 EPS. On average, equities research analysts forecast that Axos Financial will post 7.12 earnings per share for the current year.

Axos Financial Company Profile

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.