Analysts Set Axos Financial Inc (NYSE:AX) Target Price at $37.00

Axos Financial Inc (NYSE:AX) has earned a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $37.00.

Several equities research analysts have recently issued reports on AX shares. Zacks Investment Research cut Axos Financial from a “hold” rating to a “sell” rating in a report on Monday. Wedbush assumed coverage on Axos Financial in a report on Tuesday, December 17th. They issued an “outperform” rating and a $35.00 price target for the company. TheStreet lowered Axos Financial from a “b-” rating to a “c+” rating in a report on Tuesday, February 25th. Finally, ValuEngine upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Wednesday, March 18th.

AX stock traded up $0.83 during trading on Monday, hitting $18.04. 6,871 shares of the company traded hands, compared to its average volume of 753,233. The firm has a market capitalization of $1.05 billion, a PE ratio of 6.96 and a beta of 1.11. Axos Financial has a 1 year low of $13.69 and a 1 year high of $33.44. The company has a 50-day moving average of $23.56 and a 200-day moving average of $27.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.08 and a current ratio of 1.08.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.69 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.69. Axos Financial had a return on equity of 16.33% and a net margin of 23.16%. The company had revenue of $129.63 million during the quarter, compared to analyst estimates of $130.15 million. During the same quarter last year, the company earned $0.63 EPS. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. Sell-side analysts expect that Axos Financial will post 2.99 EPS for the current year.

In related news, EVP Eshel Bar-Adon purchased 2,700 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were purchased at an average cost of $16.87 per share, with a total value of $45,549.00. Following the purchase, the executive vice president now owns 93,522 shares of the company’s stock, valued at approximately $1,577,716.14. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J Brandon Black purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was bought at an average cost of $19.10 per share, for a total transaction of $95,500.00. Following the completion of the purchase, the director now directly owns 7,583 shares in the company, valued at approximately $144,835.30. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 7,900 shares of company stock valued at $144,303. 7.00% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of AX. Point72 Hong Kong Ltd purchased a new stake in shares of Axos Financial during the 4th quarter worth $69,000. Clearstead Advisors LLC purchased a new position in shares of Axos Financial during the fourth quarter valued at approximately $213,000. Everence Capital Management Inc. purchased a new position in Axos Financial during the fourth quarter worth approximately $217,000. SG Americas Securities LLC acquired a new stake in shares of Axos Financial in the fourth quarter worth $225,000. Finally, ProShare Advisors LLC lifted its holdings in Axos Financial by 17.2% in the 4th quarter. ProShare Advisors LLC now owns 9,303 shares of the company’s stock worth $282,000 after buying an additional 1,368 shares in the last quarter. 75.40% of the stock is currently owned by hedge funds and other institutional investors.

Axos Financial Company Profile

Axos Financial, Inc operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; prime loans to customers secured by new and used automobiles; and term unsecured personal loans to individual borrowers, as well as overdraft lines of credit.

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