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

Axos Financial, Inc. (NYSE:AX) has been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $84.17.

A number of equities analysts recently weighed in on the company. Needham & Company LLC lifted their price target on Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Raymond James reissued an “outperform” rating and issued a $80.00 price target (up previously from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. DA Davidson dropped their price target on Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods dropped their price target on Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 29th.

Axos Financial Price Performance

NYSE:AX opened at $64.02 on Friday. The business’s 50-day moving average price is $68.12 and its 200 day moving average price is $69.99. The firm has a market cap of $3.66 billion, a P/E ratio of 8.60 and a beta of 1.45. Axos Financial has a 52-week low of $44.10 and a 52-week high of $88.46. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. As a group, sell-side analysts predict that Axos Financial will post 7.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Axos Financial

In other news, Director Sara Wardell-Smith purchased 3,000 shares of Axos Financial stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the acquisition, the director now directly owns 10,250 shares in the company, valued at $663,482.50. This represents a 41.38 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 5.07% of the company’s stock.

Institutional Investors Weigh In On Axos Financial

Several institutional investors have recently made changes to their positions in AX. Heck Capital Advisors LLC acquired a new stake in shares of Axos Financial during the 4th quarter valued at about $35,000. Kestra Investment Management LLC acquired a new stake in shares of Axos Financial during the 4th quarter valued at about $52,000. NewEdge Advisors LLC lifted its holdings in shares of Axos Financial by 1,700.0% during the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company’s stock valued at $63,000 after buying an additional 850 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Axos Financial during the 4th quarter valued at about $66,000. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Axos Financial by 238.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company’s stock valued at $77,000 after buying an additional 773 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

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.