Axos Financial, Inc (NYSE:AX) Receives $114.83 Consensus Target Price from Analysts

Shares of Axos Financial, Inc (NYSE:AX) have earned a consensus recommendation of “Buy” from the eight brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $114.8333.

A number of brokerages have issued reports on AX. Weiss Ratings upgraded shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. Needham & Company LLC raised their price objective on shares of Axos Financial from $110.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Keefe, Bruyette & Woods lifted their price objective on shares of Axos Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a report on Friday, July 31st. Benchmark initiated coverage on shares of Axos Financial in a research note on Wednesday, July 8th. They set a “buy” rating and a $115.00 target price on the stock. Finally, DA Davidson set a $121.00 target price on shares of Axos Financial in a research note on Friday, July 31st.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, Director Roque A. Santi sold 500 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $105.30, for a total value of $52,650.00. Following the completion of the transaction, the director owned 7,146 shares in the company, valued at $752,473.80. The trade was a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Michael James Watson sold 1,653 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $83.77, for a total value of $138,471.81. Following the sale, the executive vice president directly owned 4,592 shares in the company, valued at $384,671.84. This represents a 26.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 4.85% of the company’s stock.

Institutional Investors Weigh In On Axos Financial

A number of hedge funds have recently bought and sold shares of the stock. Eurizon Capital SGR S.p.A. acquired a new position in shares of Axos Financial during the fourth quarter worth about $26,000. Basepoint Wealth LLC purchased a new stake in shares of Axos Financial during the fourth quarter worth approximately $28,000. Brown Brothers Harriman & Co. acquired a new stake in Axos Financial in the third quarter valued at approximately $29,000. State of Wyoming acquired a new stake in Axos Financial in the first quarter valued at approximately $30,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Axos Financial by 294.7% in the second quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock worth $34,000 after acquiring an additional 333 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Trading Down 0.0%

Shares of NYSE AX opened at $100.14 on Thursday. Axos Financial has a twelve month low of $74.89 and a twelve month high of $105.74. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $95.79 and a 200-day simple moving average of $92.29. The stock has a market capitalization of $5.70 billion, a PE ratio of 11.82 and a beta of 1.22.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Thursday, July 30th. The company reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.37. Axos Financial had a return on equity of 16.96% and a net margin of 22.39%.The firm had revenue of $379.77 million for the quarter, compared to the consensus estimate of $375.54 million. During the same quarter in the previous year, the business earned $1.94 EPS. On average, equities analysts forecast that Axos Financial will post 9.59 earnings per share 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.