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

Axos Financial, Inc. (NYSE:AX) has been assigned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $79.80.

A number of brokerages have recently commented on AX. Piper Sandler upped their price target on Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Wedbush dropped their price objective on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. StockNews.com lowered shares of Axos Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Needham & Company LLC boosted their price target on shares of Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Axos Financial from $72.00 to $74.00 and gave the stock a “market perform” rating in a report on Friday, November 1st.

Axos Financial Price Performance

AX opened at $80.16 on Monday. Axos Financial has a fifty-two week low of $36.93 and a fifty-two week high of $85.54. The firm has a 50-day moving average of $67.01 and a 200 day moving average of $63.53. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $4.58 billion, a P/E ratio of 9.70 and a beta of 1.38.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.16. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. The company had revenue of $512.87 million during the quarter, compared to analyst estimates of $299.59 million. During the same quarter last year, the business posted $1.41 EPS. On average, research analysts expect that Axos Financial will post 7.02 EPS for the current year.

Insider Transactions at Axos Financial

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $63.13, for a total value of $328,086.61. Following the transaction, the executive vice president now directly owns 424,149 shares in the company, valued at $26,776,526.37. This represents a 1.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory Garrabrants sold 125,000 shares of Axos Financial stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total value of $10,236,250.00. Following the sale, the chief executive officer now owns 1,340,377 shares of the company’s stock, valued at approximately $109,763,472.53. This trade represents a 8.53 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 134,199 shares of company stock valued at $10,882,135. 5.07% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Axos Financial

Institutional investors have recently made changes to their positions in the stock. Hollencrest Capital Management purchased a new position in shares of Axos Financial during the 2nd quarter valued at about $25,000. EntryPoint Capital LLC raised its stake in shares of Axos Financial by 816.7% during the first quarter. EntryPoint Capital LLC now owns 495 shares of the company’s stock worth $27,000 after acquiring an additional 441 shares in the last quarter. Kathleen S. Wright Associates Inc. bought a new stake in shares of Axos Financial in the 3rd quarter worth approximately $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Axos Financial in the 3rd quarter valued at $41,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Axos Financial by 881.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock valued at $41,000 after purchasing an additional 582 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.

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.