Axos Financial, Inc (NYSE:AX) Receives $110.33 Consensus PT from Analysts

Shares of Axos Financial, Inc (NYSE:AX) have been given a consensus recommendation of “Buy” by the eight ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $110.3333.

A number of brokerages recently commented on AX. Weiss Ratings upgraded Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. Zacks Research cut shares of Axos Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Raymond James Financial raised shares of Axos Financial from an “outperform” rating to a “strong-buy” rating and cut their price target for the stock from $110.00 to $100.00 in a report on Tuesday, April 7th. Finally, Benchmark assumed coverage on shares of Axos Financial in a research report on Wednesday, July 8th. They set a “buy” rating and a $115.00 price objective for the company.

Insider Activity

In related news, EVP Michael James Watson sold 1,653 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $83.77, for a total value of $138,471.81. Following the completion of the transaction, the executive vice president owned 4,592 shares of the company’s stock, valued at $384,671.84. This represents a 26.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Roque A. Santi sold 500 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $87.77, for a total transaction of $43,885.00. Following the sale, the director directly owned 7,646 shares in the company, valued at approximately $671,089.42. The trade was a 6.14% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 4.85% of the company’s stock.

Hedge Funds Weigh In On Axos Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. boosted its holdings in Axos Financial by 198.0% in the third quarter. Franklin Resources Inc. now owns 414,178 shares of the company’s stock valued at $35,060,000 after acquiring an additional 275,191 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Axos Financial by 56.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 371,086 shares of the company’s stock worth $31,973,000 after purchasing an additional 133,529 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Axos Financial by 38.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 432,739 shares of the company’s stock valued at $37,203,000 after purchasing an additional 119,523 shares during the last quarter. UBS Group AG increased its position in shares of Axos Financial by 65.7% during the third quarter. UBS Group AG now owns 267,312 shares of the company’s stock worth $22,628,000 after buying an additional 106,003 shares during the period. Finally, Militia Capital Management LLC bought a new position in Axos Financial during the first quarter worth $8,509,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Stock Down 1.5%

NYSE AX opened at $99.44 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.38. The company has a market cap of $5.66 billion, a price-to-earnings ratio of 12.08 and a beta of 1.23. The company has a 50 day moving average of $90.79 and a 200-day moving average of $91.25. Axos Financial has a 1-year low of $74.89 and a 1-year high of $102.18.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.23). The company had revenue of $392.25 million for the quarter, compared to analyst estimates of $372.51 million. Axos Financial had a return on equity of 16.48% and a net margin of 22.53%.During the same period in the prior year, the company earned $1.81 EPS. On average, equities research analysts expect that Axos Financial will post 8.38 earnings per share for the current fiscal 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.