Axos Financial, Inc. (NYSE:AX) Receives $80.20 Average PT from Analysts

Axos Financial, Inc. (NYSE:AX) has received a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $80.20.

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

Axos Financial Stock Performance

Shares of AX opened at $66.47 on Thursday. The firm’s 50 day moving average price is $64.85 and its two-hundred day moving average price is $61.29. 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 twelve month low of $32.05 and a twelve month high of $79.15. The firm has a market cap of $3.79 billion, a P/E ratio of 9.02 and a beta of 1.39.

Axos Financial (NYSE:AX) last announced its earnings results on Tuesday, July 30th. The company reported $1.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.80. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. The firm had revenue of $484.29 million during the quarter, compared to analyst estimates of $296.02 million. During the same period in the prior year, the business earned $1.50 EPS. On average, analysts forecast that Axos Financial will post 7.12 EPS for the current fiscal year.

Insider Buying and Selling

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $63.13, for a total value of $328,086.61. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 4.82% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AX. Mercer Global Advisors Inc. ADV grew its stake in Axos Financial by 5.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,291 shares of the company’s stock valued at $302,000 after buying an additional 266 shares during the last quarter. CWM LLC grew its position in shares of Axos Financial by 5.4% in the second quarter. CWM LLC now owns 5,208 shares of the company’s stock valued at $298,000 after purchasing an additional 269 shares during the last quarter. SummerHaven Investment Management LLC grew its position in shares of Axos Financial by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 17,645 shares of the company’s stock valued at $1,008,000 after purchasing an additional 281 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Axos Financial by 45.7% during the third quarter. GAMMA Investing LLC now owns 982 shares of the company’s stock worth $62,000 after purchasing an additional 308 shares during the period. Finally, Foundry Partners LLC lifted its holdings in Axos Financial by 5.8% during the 2nd quarter. Foundry Partners LLC now owns 5,779 shares of the company’s stock worth $330,000 after purchasing an additional 316 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors.

About Axos Financial

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.