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

Axos Financial, Inc (NYSE:AX) has received an average recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $97.4167.

Several brokerages have weighed in on AX. DA Davidson lifted their price objective on Axos Financial from $106.00 to $107.50 and gave the company a “buy” rating in a report on Monday, December 8th. Needham & Company LLC restated a “buy” rating and issued a $107.00 price target on shares of Axos Financial in a research report on Friday, January 16th. Keefe, Bruyette & Woods boosted their price target on Axos Financial from $94.00 to $100.00 and gave the company a “market perform” rating in a research note on Monday, September 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Axos Financial in a research note on Monday, December 29th.

Axos Financial Stock Performance

Shares of NYSE:AX opened at $96.21 on Friday. Axos Financial has a 12-month low of $54.46 and a 12-month high of $97.49. The company’s 50 day moving average price is $86.26 and its two-hundred day moving average price is $85.61. The firm has a market cap of $5.45 billion, a PE ratio of 12.88 and a beta of 1.26. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.54.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Thursday, October 30th. The company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.21. The company had revenue of $323.39 million during the quarter, compared to the consensus estimate of $319.96 million. Axos Financial had a net margin of 22.41% and a return on equity of 16.72%. During the same period in the previous year, the business earned $1.96 earnings per share. Equities research analysts predict that Axos Financial will post 7.22 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Tamara N. Bohlig sold 2,145 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $86.23, for a total transaction of $184,963.35. Following the sale, the director owned 12,919 shares in the company, valued at approximately $1,114,005.37. This trade represents a 14.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Edward James Ratinoff sold 2,145 shares of Axos Financial stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $84.59, for a total transaction of $181,445.55. Following the completion of the transaction, the director directly owned 46,209 shares in the company, valued at $3,908,819.31. This trade represents a 4.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 4.85% of the company’s stock.

Hedge Funds Weigh In On Axos Financial

A number of institutional investors have recently modified their holdings of AX. Flagship Harbor Advisors LLC bought a new stake in shares of Axos Financial during the 4th quarter worth $48,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Axos Financial by 16.9% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,760 shares of the company’s stock worth $324,000 after acquiring an additional 543 shares in the last quarter. Victory Financial Group LLC acquired a new position in Axos Financial during the fourth quarter worth about $314,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Axos Financial by 21.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 313,216 shares of the company’s stock worth $27,369,000 after acquiring an additional 55,373 shares during the last quarter. Finally, Waldron Private Wealth LLC acquired a new stake in shares of Axos Financial in the 4th quarter valued at approximately $214,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

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.