DA Davidson Expects Increased Earnings for Axos Financial

Axos Financial, Inc. (NYSE:AX) – Analysts at DA Davidson increased their FY2026 earnings per share (EPS) estimates for Axos Financial in a report issued on Thursday, January 30th. DA Davidson analyst G. Tenner now expects that the company will post earnings per share of $7.29 for the year, up from their previous forecast of $7.26. DA Davidson has a “Buy” rating and a $88.00 price objective on the stock. The consensus estimate for Axos Financial’s current full-year earnings is $7.16 per share.

Several other research analysts have also commented on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a research note on Wednesday. Raymond James reiterated an “outperform” rating and issued a $80.00 price objective (up from $75.00) on shares of Axos Financial in a research note on Wednesday. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Finally, Needham & Company LLC upped their target price on shares of Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.17.

Axos Financial Stock Up 0.6 %

Shares of NYSE AX opened at $70.03 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 9.41 and a beta of 1.46. Axos Financial has a 52-week low of $44.10 and a 52-week high of $88.46. The business’s 50 day moving average is $74.24 and its two-hundred day moving average is $70.34.

Axos Financial (NYSE:AX) last posted its earnings results on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 19.12%.

Institutional Investors Weigh In On Axos Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sei Investments Co. lifted its holdings in shares of Axos Financial by 33.1% during the second quarter. Sei Investments Co. now owns 65,520 shares of the company’s stock worth $3,744,000 after purchasing an additional 16,287 shares during the period. Millennium Management LLC raised its position in Axos Financial by 107.9% during the 2nd quarter. Millennium Management LLC now owns 367,251 shares of the company’s stock worth $20,988,000 after buying an additional 190,584 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Axos Financial by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,866 shares of the company’s stock worth $1,764,000 after acquiring an additional 888 shares during the period. Mackenzie Financial Corp purchased a new stake in shares of Axos Financial in the second quarter valued at about $201,000. Finally, Truist Financial Corp increased its stake in shares of Axos Financial by 4.9% during the second quarter. Truist Financial Corp now owns 20,517 shares of the company’s stock worth $1,173,000 after acquiring an additional 950 shares during the period. 83.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Axos Financial

In related news, Director Edward James Ratinoff sold 4,002 shares of the company’s stock in a transaction on 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 sale, the director now owns 46,209 shares in the company, valued at $3,669,456.69. This represents a 7.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory Garrabrants sold 125,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the transaction, the chief executive officer now directly owns 1,340,377 shares in the company, valued at $109,763,472.53. The trade was a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by insiders.

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.