Axos Financial (NYSE:AX) Given “Outperform” Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their outperform rating on shares of Axos Financial (NYSE:AX) in a research report released on Thursday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a $79.00 target price on the stock, up from their previous target price of $77.00.

A number of other equities research analysts also recently weighed in on the company. Wedbush reaffirmed a neutral rating and set a $60.00 price objective on shares of Axos Financial in a report on Wednesday. Piper Sandler boosted their price target on shares of Axos Financial from $65.00 to $68.00 and gave the company an overweight rating in a research report on Wednesday. StockNews.com upgraded shares of Axos Financial from a sell rating to a hold rating in a research note on Monday, February 5th. Finally, Raymond James boosted their price objective on Axos Financial from $45.00 to $62.00 and gave the stock an outperform rating in a research note on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $67.25.

Axos Financial Stock Up 0.4 %

Shares of AX stock traded up $0.24 on Thursday, hitting $57.53. The company’s stock had a trading volume of 656,480 shares, compared to its average volume of 502,983. Axos Financial has a fifty-two week low of $32.05 and a fifty-two week high of $60.00. The firm’s fifty day moving average price is $51.59 and its 200-day moving average price is $48.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 7.80 and a beta of 1.42.

Axos Financial (NYSE:AX) last announced its earnings results on Tuesday, April 30th. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.21. The firm had revenue of $476.73 million during the quarter, compared to the consensus estimate of $277.85 million. Axos Financial had a return on equity of 18.57% and a net margin of 24.39%. During the same quarter in the prior year, the company earned $1.35 EPS. Research analysts anticipate that Axos Financial will post 6.61 EPS for the current year.

Insider Buying and Selling at Axos Financial

In related news, EVP Andrew J. Micheletti sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $52.89, for a total value of $132,225.00. Following the completion of the sale, the executive vice president now directly owns 422,583 shares in the company, valued at approximately $22,350,414.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Axos Financial news, EVP Andrew J. Micheletti sold 1,548 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $51.57, for a total transaction of $79,830.36. Following the sale, the executive vice president now owns 427,535 shares of the company’s stock, valued at $22,047,979.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andrew J. Micheletti sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $52.89, for a total value of $132,225.00. Following the completion of the transaction, the executive vice president now directly owns 422,583 shares of the company’s stock, valued at approximately $22,350,414.87. The disclosure for this sale can be found here. Company insiders own 4.82% of the company’s stock.

Institutional Investors Weigh In On Axos Financial

A number of institutional investors have recently modified their holdings of the company. SummerHaven Investment Management LLC increased its position in shares of Axos Financial by 1.2% during the fourth quarter. SummerHaven Investment Management LLC now owns 17,185 shares of the company’s stock valued at $938,000 after acquiring an additional 206 shares during the last quarter. Covestor Ltd raised its holdings in shares of Axos Financial by 34.1% in the 3rd quarter. Covestor Ltd now owns 1,302 shares of the company’s stock valued at $49,000 after acquiring an additional 331 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of Axos Financial by 1.6% in the 3rd quarter. D.A. Davidson & CO. now owns 24,403 shares of the company’s stock worth $924,000 after buying an additional 385 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Axos Financial by 1.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,340 shares of the company’s stock valued at $959,000 after purchasing an additional 392 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Axos Financial by 8.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,318 shares of the company’s stock worth $290,000 after buying an additional 394 shares during the last quarter. 83.79% of the stock is 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.