Axos Financial, Inc. (NYSE:AX) Given Average Recommendation of “Moderate Buy” by Brokerages

Axos Financial, Inc. (NYSE:AX) has been given a consensus rating of “Moderate Buy” by the six research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $84.17.

A number of brokerages have recently commented on AX. DA Davidson reduced their target price on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Keefe, Bruyette & Woods decreased their target price on Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a research report on Wednesday, January 29th. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Needham & Company LLC raised their price target on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, Raymond James reiterated an “outperform” rating and set a $80.00 target price (up from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th.

Insider Buying and Selling at Axos Financial

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

Institutional Trading of Axos Financial

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Axos Financial by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 6,129,602 shares of the company’s stock valued at $428,153,000 after buying an additional 49,695 shares during the last quarter. State Street Corp raised its position in shares of Axos Financial by 5.5% in the 3rd quarter. State Street Corp now owns 3,178,708 shares of the company’s stock valued at $199,877,000 after purchasing an additional 164,997 shares during the last quarter. American Century Companies Inc. boosted its stake in Axos Financial by 9.6% in the 4th quarter. American Century Companies Inc. now owns 1,874,779 shares of the company’s stock worth $130,953,000 after purchasing an additional 163,952 shares in the last quarter. Geode Capital Management LLC grew its position in Axos Financial by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 1,488,259 shares of the company’s stock worth $103,975,000 after purchasing an additional 43,503 shares during the last quarter. Finally, Wasatch Advisors LP increased its stake in Axos Financial by 34.0% during the 3rd quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock valued at $72,610,000 after purchasing an additional 292,952 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Price Performance

AX opened at $63.61 on Friday. The business has a fifty day moving average of $67.66 and a 200 day moving average of $70.02. The stock has a market cap of $3.63 billion, a P/E ratio of 8.55 and a beta of 1.45. 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 has a 52-week low of $44.10 and a 52-week high of $88.46.

Axos Financial (NYSE:AX) last posted 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 net margin of 22.10% and a return on equity of 18.67%. As a group, sell-side analysts anticipate that Axos Financial will post 7.22 EPS for the current year.

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.