Axos Financial (NYSE:AX) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

Axos Financial (NYSE:AX)‘s stock had its “outperform” rating reaffirmed by research analysts at Keefe, Bruyette & Woods in a research note issued on Thursday, Benzinga reports. They currently have a $79.00 price target on the stock, up from their prior price target of $77.00. Keefe, Bruyette & Woods’ price objective points to a potential upside of 37.32% from the stock’s previous close.

AX has been the subject of several other reports. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Raymond James increased their price target on Axos Financial from $45.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Wedbush restated a “neutral” rating and issued a $60.00 price objective on shares of Axos Financial in a report on Wednesday. Finally, Piper Sandler upped their price target on shares of Axos Financial from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.25.

Axos Financial Stock Performance

AX traded up $0.24 during trading hours on Thursday, hitting $57.53. The company’s stock had a trading volume of 656,480 shares, compared to its average volume of 502,983. The company has a 50-day simple moving average of $51.59 and a 200 day simple moving average of $48.83. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $3.28 billion, a PE ratio of 7.80 and a beta of 1.42. Axos Financial has a fifty-two week low of $32.05 and a fifty-two week high of $60.00.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.21. The business had revenue of $476.73 million for the quarter, compared to analysts’ expectations of $277.85 million. Axos Financial had a net margin of 24.39% and a return on equity of 18.57%. During the same period in the previous year, the business earned $1.35 earnings per share. As a group, sell-side analysts expect that Axos Financial will post 6.61 EPS for the current year.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, Director Sara Wardell-Smith bought 5,000 shares of the stock in a transaction on Friday, March 15th. The shares were purchased at an average cost of $49.75 per share, with a total value of $248,750.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $248,750. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Andrew J. Micheletti sold 2,500 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $52.89, for a total transaction of $132,225.00. Following the completion of the transaction, the executive vice president now directly owns 422,583 shares in the company, valued at approximately $22,350,414.87. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sara Wardell-Smith acquired 5,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were bought at an average cost of $49.75 per share, with a total value of $248,750.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $248,750. The disclosure for this purchase can be found here. Corporate insiders own 4.82% of the company’s stock.

Institutional Trading of Axos Financial

A number of institutional investors and hedge funds have recently modified their holdings of AX. Newbridge Financial Services Group Inc. bought a new position in shares of Axos Financial during the fourth quarter valued at $26,000. Investment Research & Advisory Group Inc. acquired a new position in Axos Financial in the first quarter valued at about $27,000. Carmel Capital Partners LLC acquired a new stake in shares of Axos Financial during the third quarter worth approximately $30,000. FinTrust Capital Advisors LLC bought a new position in shares of Axos Financial in the fourth quarter valued at approximately $44,000. Finally, GAMMA Investing LLC acquired a new position in shares of Axos Financial in the 4th quarter worth approximately $49,000. 83.79% of the stock is currently owned by institutional investors.

About Axos Financial

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.