Axos Financial, Inc (NYSE:AX) Stock Has Average Target Price of $115.67

Axos Financial, Inc (NYSE:AX) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $115.67.

AX has been the subject of a number of research reports. Benchmark raised their price target on shares of Axos Financial from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Needham & Company LLC reiterated a “buy” rating and set a $128.00 price objective on shares of Axos Financial in a research report on Monday, October 5th. DA Davidson set a $121.00 price objective on shares of Axos Financial in a research report on Friday, July 31st. Keefe, Bruyette & Woods increased their price objective on shares of Axos Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. Finally, Weiss Ratings upgraded shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th.

Axos Financial Trading Up 2.5%

Shares of AX stock opened at $92.58 on Tuesday. Axos Financial has a 12-month low of $74.89 and a 12-month high of $105.74. The company has a market capitalization of $5.26 billion, a PE ratio of 10.93 and a beta of 1.28. The firm has a 50 day moving average price of $92.44 and a two-hundred day moving average price of $93.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Thursday, July 30th. The company reported $2.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.37. The company had revenue of $379.77 million during the quarter, compared to the consensus estimate of $375.54 million. Axos Financial had a net margin of 22.39% and a return on equity of 16.96%. During the same period in the previous year, the business earned $1.94 earnings per share. As a group, analysts predict that Axos Financial will post 9.69 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Roque Santi sold 500 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total value of $52,650.00. Following the completion of the sale, the director directly owned 7,146 shares in the company, valued at $752,473.80. This represents a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Axos Financial

A number of hedge funds have recently bought and sold shares of AX. Sterling Capital Management LLC raised its stake in Axos Financial by 17.8% during the 3rd quarter. Sterling Capital Management LLC now owns 1,179 shares of the company’s stock worth $102,000 after buying an additional 178 shares during the period. James Investment Research Inc. boosted its holdings in Axos Financial by 8.8% in the third quarter. James Investment Research Inc. now owns 8,213 shares of the company’s stock worth $711,000 after acquiring an additional 665 shares in the last quarter. Root Financial Partners LLC bought a new position in Axos Financial in the third quarter worth approximately $48,000. Pinnacle Associates Ltd. grew its stake in Axos Financial by 14.0% in the third quarter. Pinnacle Associates Ltd. now owns 9,508 shares of the company’s stock valued at $823,000 after acquiring an additional 1,169 shares during the period. Finally, Abel Hall LLC grew its stake in Axos Financial by 3.0% in the third quarter. Abel Hall LLC now owns 4,300 shares of the company’s stock valued at $372,000 after acquiring an additional 124 shares during the period. Institutional investors own 83.79% of the company’s stock.

About Axos Financial

Axos Financial, Inc is a financial holding company that operates primarily through Axos Bank, a nationwide digital bank. The company provides personal and business banking products, including checking and savings accounts, certificates of deposit, mortgage and home-equity loans, commercial lending, and other deposit and credit services. Its digital-first model allows customers to access accounts and financial services online and through mobile platforms.

Through its institutional businesses, Axos also provides securities clearing, custody, and related brokerage services to registered investment advisers, broker-dealers, and other financial institutions.