DA Davidson Lowers Axos Financial (NYSE:AX) Price Target to $88.00

Axos Financial (NYSE:AXGet Free Report) had its target price decreased by DA Davidson from $96.00 to $88.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price target would indicate a potential upside of 25.66% from the company’s current price. DA Davidson also issued estimates for Axos Financial’s FY2026 earnings at $7.29 EPS.

Other equities analysts have also issued research reports about the company. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Raymond James reiterated an “outperform” rating and set a $80.00 price target (up previously from $75.00) on shares of Axos Financial in a research report on Wednesday. Keefe, Bruyette & Woods cut their price objective on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday. Finally, Needham & Company LLC lifted their target price on shares of Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Axos Financial has a consensus rating of “Moderate Buy” and a consensus target price of $84.17.

Check Out Our Latest Report on AX

Axos Financial Price Performance

NYSE:AX opened at $70.03 on Thursday. 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 PE ratio of 9.41 and a beta of 1.46. Axos Financial has a 12 month low of $44.10 and a 12 month high of $88.46. The company’s 50-day moving average price is $74.24 and its two-hundred day moving average price is $70.34.

Axos Financial (NYSE:AXGet Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.07. Axos Financial had a return on equity of 19.12% and a net margin of 22.10%. On average, equities analysts anticipate that Axos Financial will post 7.16 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Gregory Garrabrants sold 125,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the sale, the chief executive officer now directly owns 1,340,377 shares in the company, valued at $109,763,472.53. This trade represents a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Edward James Ratinoff sold 4,002 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $79.41, for a total transaction of $317,798.82. Following the completion of the sale, the director now directly owns 46,209 shares in the company, valued at $3,669,456.69. This represents a 7.97 % 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 company insiders.

Hedge Funds Weigh In On Axos Financial

Several hedge funds have recently made changes to their positions in AX. Hancock Whitney Corp raised its stake in shares of Axos Financial by 1.3% during the 3rd quarter. Hancock Whitney Corp now owns 10,931 shares of the company’s stock worth $687,000 after purchasing an additional 142 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in Axos Financial by 4.4% during the third quarter. Crossmark Global Holdings Inc. now owns 3,836 shares of the company’s stock worth $241,000 after acquiring an additional 162 shares in the last quarter. New York State Teachers Retirement System lifted its stake in Axos Financial by 0.7% in the fourth quarter. New York State Teachers Retirement System now owns 43,126 shares of the company’s stock valued at $3,012,000 after acquiring an additional 279 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Axos Financial by 45.7% in the 3rd quarter. GAMMA Investing LLC now owns 982 shares of the company’s stock valued at $62,000 after acquiring an additional 308 shares during the period. Finally, Amalgamated Bank increased its stake in shares of Axos Financial by 2.1% during the 3rd quarter. Amalgamated Bank now owns 15,956 shares of the company’s stock worth $1,003,000 after purchasing an additional 322 shares during the last quarter. 83.79% of the stock is owned by institutional investors.

About Axos Financial

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Axos Financial (NYSE:AX)

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