Axos Financial, Inc (NYSE:AX) Given Consensus Recommendation of “Buy” by Analysts

Axos Financial, Inc (NYSE:AX) has been given a consensus recommendation of “Buy” by the eight research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $104.50.

A number of brokerages recently issued reports on AX. DA Davidson increased their target price on shares of Axos Financial from $107.50 to $112.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Needham & Company LLC restated a “buy” rating and set a $110.00 price target on shares of Axos Financial in a research report on Friday, February 13th. Zacks Research raised shares of Axos Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Jefferies Financial Group increased their price objective on shares of Axos Financial from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, January 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Axos Financial in a research note on Monday, December 29th.

Insiders Place Their Bets

In other news, Director James John Court sold 11,163 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $101.01, for a total value of $1,127,574.63. Following the sale, the director owned 32,169 shares of the company’s stock, valued at approximately $3,249,390.69. The trade was a 25.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Derrick Walsh sold 4,846 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $101.21, for a total value of $490,463.66. Following the completion of the sale, the executive vice president directly owned 37,936 shares in the company, valued at $3,839,502.56. This represents a 11.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 59,303 shares of company stock worth $5,908,474 over the last ninety days. Company insiders own 4.85% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. State Street Corp raised its position in Axos Financial by 0.5% in the fourth quarter. State Street Corp now owns 2,696,323 shares of the company’s stock worth $232,315,000 after acquiring an additional 13,669 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Axos Financial by 1.5% during the 3rd quarter. American Century Companies Inc. now owns 2,413,512 shares of the company’s stock valued at $204,304,000 after purchasing an additional 35,391 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Axos Financial by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 1,775,539 shares of the company’s stock valued at $154,687,000 after purchasing an additional 62,269 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Axos Financial by 8.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 740,652 shares of the company’s stock worth $56,319,000 after purchasing an additional 58,774 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Axos Financial by 7.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 721,572 shares of the company’s stock worth $62,171,000 after purchasing an additional 52,250 shares in the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

Axos Financial Trading Down 0.0%

Shares of AX stock opened at $84.66 on Friday. Axos Financial has a 1 year low of $54.46 and a 1 year high of $101.92. The firm has a market capitalization of $4.80 billion, a PE ratio of 10.73 and a beta of 1.27. The stock has a fifty day moving average of $93.17 and a two-hundred day moving average of $87.53. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.08 and a current ratio of 1.08.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Thursday, January 29th. The company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.18. Axos Financial had a return on equity of 16.98% and a net margin of 22.66%.The company had revenue of $385.09 million for the quarter, compared to analyst estimates of $345.89 million. During the same period last year, the company earned $1.82 earnings per share. The company’s quarterly revenue was up 25.1% compared to the same quarter last year. As a group, research analysts expect that Axos Financial will post 7.22 EPS for the current year.

Axos Financial Company Profile

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.