Axos Financial, Inc. (NYSE:AX) Receives $67.25 Average Target Price from Analysts

Shares of Axos Financial, Inc. (NYSE:AX) have received a consensus recommendation of “Moderate Buy” from the four ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $67.25.

A number of equities analysts recently commented on AX shares. StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Raymond James upped their price objective on Axos Financial from $45.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Wedbush reiterated a “neutral” rating and issued a $60.00 target price on shares of Axos Financial in a research note on Wednesday, May 1st. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $79.00 price target (up from $77.00) on shares of Axos Financial in a research report on Thursday, May 2nd. Finally, Piper Sandler lifted their price objective on shares of Axos Financial from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st.

Axos Financial Price Performance

AX opened at $59.93 on Thursday. 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 business’s fifty day simple moving average is $52.03 and its 200-day simple moving average is $49.39. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 8.13 and a beta of 1.42. Axos Financial has a 12-month low of $32.05 and a 12-month high of $60.54.

Axos Financial (NYSE:AX) last issued its earnings results on Tuesday, April 30th. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.21. Axos Financial had a net margin of 24.39% and a return on equity of 18.57%. The company had revenue of $476.73 million for the quarter, compared to analysts’ expectations of $277.85 million. During the same period in the prior year, the business earned $1.35 EPS. On average, equities research analysts anticipate that Axos Financial will post 6.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Axos Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the business. SummerHaven Investment Management LLC lifted its stake in Axos Financial by 1.2% during the 4th quarter. SummerHaven Investment Management LLC now owns 17,185 shares of the company’s stock valued at $938,000 after acquiring an additional 206 shares during the period. Covestor Ltd raised its holdings in shares of Axos Financial by 34.1% during the third quarter. Covestor Ltd now owns 1,302 shares of the company’s stock worth $49,000 after purchasing an additional 331 shares during the last quarter. D.A. Davidson & CO. lifted its position in Axos Financial by 1.6% during the third quarter. D.A. Davidson & CO. now owns 24,403 shares of the company’s stock valued at $924,000 after purchasing an additional 385 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Axos Financial by 1.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,340 shares of the company’s stock valued at $959,000 after purchasing an additional 392 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Axos Financial by 8.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,318 shares of the company’s stock worth $290,000 after purchasing an additional 394 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

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.