Axos Financial (NYSE:AX) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of Axos Financial (NYSE:AX) from a sell rating to a hold rating in a research report sent to investors on Monday.

AX has been the topic of several other reports. Keefe, Bruyette & Woods raised their price target on Axos Financial from $74.00 to $91.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Wedbush lowered their price objective on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Finally, Needham & Company LLC boosted their target price on Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $83.20.

Axos Financial Trading Down 1.6 %

Shares of AX opened at $79.56 on Monday. The stock has a fifty day moving average price of $72.76 and a two-hundred day moving average price of $65.98. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. Axos Financial has a 52-week low of $44.10 and a 52-week high of $88.46. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 9.63 and a beta of 1.42.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.16. The firm had revenue of $512.87 million during the quarter, compared to analysts’ expectations of $299.59 million. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. During the same quarter in the previous year, the company posted $1.41 EPS. Analysts predict that Axos Financial will post 7.07 EPS for the current fiscal year.

Insider Activity at Axos Financial

In other Axos Financial news, CEO Gregory Garrabrants sold 125,000 shares of the business’s 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 completion of the sale, the chief executive officer now owns 1,340,377 shares of the company’s stock, valued at $109,763,472.53. The trade was a 8.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Edward James Ratinoff sold 4,002 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $79.41, for a total value of $317,798.82. Following the completion of the transaction, the director now directly owns 46,209 shares of the company’s stock, valued at approximately $3,669,456.69. This trade represents a 7.97 % decrease in their position. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Axos Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Hollencrest Capital Management acquired a new position in Axos Financial in the second quarter valued at $25,000. Kathleen S. Wright Associates Inc. purchased a new position in Axos Financial during the 3rd quarter worth $27,000. Ashton Thomas Securities LLC purchased a new position in Axos Financial during the third quarter worth about $41,000. Farther Finance Advisors LLC grew its holdings in shares of Axos Financial by 881.8% in the third quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock valued at $41,000 after acquiring an additional 582 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in Axos Financial in the 2nd quarter valued at $49,000. Institutional investors and hedge funds 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.