Axos Financial (NYSE:AX) Price Target Raised to $110.00 at Needham & Company LLC

Axos Financial (NYSE:AXGet Free Report) had its price objective boosted by research analysts at Needham & Company LLC from $107.00 to $110.00 in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price target indicates a potential upside of 16.16% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. DA Davidson upped their price target on Axos Financial from $106.00 to $107.50 and gave the company a “buy” rating in a report on Monday, December 8th. Weiss Ratings restated a “buy (b)” rating on shares of Axos Financial in a report on Monday, December 29th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $99.58.

View Our Latest Stock Report on Axos Financial

Axos Financial Price Performance

Shares of NYSE AX opened at $94.70 on Friday. Axos Financial has a twelve month low of $54.46 and a twelve month high of $99.82. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average of $88.18 and a two-hundred day moving average of $85.99. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 12.68 and a beta of 1.26.

Axos Financial (NYSE:AXGet Free Report) last announced its quarterly earnings data on Thursday, January 29th. The company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.18. Axos Financial had a net margin of 22.41% and a return on equity of 16.72%. The company had revenue of $385.09 million for the quarter, compared to analysts’ expectations of $345.89 million. As a group, analysts expect that Axos Financial will post 7.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Axos Financial news, Director Tamara N. Bohlig sold 2,145 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $86.23, for a total value of $184,963.35. Following the transaction, the director owned 12,919 shares in the company, valued at approximately $1,114,005.37. This represents a 14.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edward James Ratinoff sold 2,145 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $84.59, for a total value of $181,445.55. Following the sale, the director owned 46,209 shares of the company’s stock, valued at approximately $3,908,819.31. This represents a 4.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.85% of the company’s stock.

Institutional Investors Weigh In On Axos Financial

Large investors have recently bought and sold shares of the business. Salomon & Ludwin LLC bought a new position in Axos Financial during the third quarter valued at about $26,000. Bessemer Group Inc. increased its holdings in shares of Axos Financial by 59.6% during the 3rd quarter. Bessemer Group Inc. now owns 348 shares of the company’s stock valued at $29,000 after acquiring an additional 130 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in Axos Financial during the third quarter valued at approximately $29,000. True Wealth Design LLC lifted its stake in shares of Axos Financial by 120.9% in the second quarter. True Wealth Design LLC now owns 433 shares of the company’s stock worth $33,000 after buying an additional 237 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Axos Financial by 294.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock worth $34,000 after buying an additional 333 shares during the period. 83.79% of the stock is currently owned by institutional investors.

Axos Financial News Summary

Here are the key news stories impacting Axos Financial this week:

Axos Financial Company Profile

(Get Free Report)

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.

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