Axos Financial (NYSE:AX) Stock Rating Reaffirmed by Wedbush

Wedbush reissued their neutral rating on shares of Axos Financial (NYSE:AX) in a report released on Wednesday morning, Benzinga reports. Wedbush currently has a $60.00 target price on the stock. Wedbush also issued estimates for Axos Financial’s Q4 2024 earnings at $1.69 EPS, FY2024 earnings at $6.64 EPS, Q1 2025 earnings at $1.76 EPS, Q2 2025 earnings at $1.84 EPS, Q2 2025 earnings at $1.78 EPS, Q3 2025 earnings at $1.75 EPS, Q3 2025 earnings at $1.78 EPS, Q4 2025 earnings at $1.88 EPS, Q4 2025 earnings at $1.85 EPS, FY2025 earnings at $7.35 EPS, FY2025 earnings at $7.15 EPS, Q1 2026 earnings at $1.94 EPS, Q1 2026 earnings at $2.00 EPS, Q2 2026 earnings at $2.03 EPS and Q2 2026 earnings at $1.95 EPS.

Other analysts have also issued reports about the company. StockNews.com raised 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 report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Axos Financial presently has an average rating of Moderate Buy and an average target price of $67.25.

Axos Financial Price Performance

Shares of AX opened at $57.53 on Wednesday. The business’s fifty day moving average is $51.59 and its 200 day moving average is $48.91. Axos Financial has a 12-month low of $32.05 and a 12-month high of $60.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.20. The stock has a market cap of $3.28 billion, a P/E ratio of 7.81 and a beta of 1.42.

Axos Financial (NYSE:AX) last released 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 firm had revenue of $476.73 million for the quarter, compared to analyst estimates 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 last year, the firm earned $1.35 earnings per share. Sell-side analysts anticipate that Axos Financial will post 6.61 earnings per share for the current fiscal year.

Insider Activity

In other Axos Financial news, EVP Andrew J. Micheletti sold 2,500 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $52.89, for a total value of $132,225.00. Following the completion of the transaction, the executive vice president now owns 422,583 shares in the company, valued at approximately $22,350,414.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Axos Financial news, EVP Andrew J. Micheletti sold 2,500 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $52.89, for a total value of $132,225.00. Following the transaction, the executive vice president now directly owns 422,583 shares in the company, valued at $22,350,414.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew J. Micheletti sold 1,548 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $51.57, for a total transaction of $79,830.36. Following the transaction, the executive vice president now directly owns 427,535 shares of the company’s stock, valued at $22,047,979.95. The disclosure for this sale can be found here. 4.82% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Axos Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Axos Financial in the 3rd quarter valued at approximately $541,000. Shaker Investments LLC OH grew its position in shares of Axos Financial by 0.6% in the third quarter. Shaker Investments LLC OH now owns 469,802 shares of the company’s stock valued at $17,787,000 after purchasing an additional 2,707 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Axos Financial by 20.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,305 shares of the company’s stock valued at $352,000 after purchasing an additional 1,587 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Axos Financial by 1.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,340 shares of the company’s stock worth $959,000 after purchasing an additional 392 shares in the last quarter. Finally, Emerald Advisers LLC lifted its holdings in Axos Financial by 38.6% during the 3rd quarter. Emerald Advisers LLC now owns 176,396 shares of the company’s stock worth $6,678,000 after purchasing an additional 49,110 shares in the last quarter. 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.