Shares of Axos Financial Inc (NYSE:AX) have been assigned a consensus rating of “Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $38.00.

Several brokerages have recently weighed in on AX. ValuEngine downgraded shares of Axos Financial from a “hold” rating to a “sell” rating in a research note on Monday, December 16th. B. Riley raised their price objective on shares of Axos Financial from $33.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Zacks Investment Research upgraded Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Wedbush initiated coverage on Axos Financial in a research note on Tuesday, December 17th. They issued an “outperform” rating and a $35.00 target price on the stock.

Large investors have recently made changes to their positions in the business. FMR LLC acquired a new position in Axos Financial in the first quarter valued at $1,387,000. First Trust Advisors LP acquired a new position in shares of Axos Financial in the first quarter worth about $1,255,000. Envestnet Asset Management Inc. boosted its holdings in Axos Financial by 3.3% in the second quarter. Envestnet Asset Management Inc. now owns 15,950 shares of the company’s stock valued at $435,000 after purchasing an additional 514 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Axos Financial by 115.5% in the second quarter. Russell Investments Group Ltd. now owns 73,740 shares of the company’s stock valued at $2,009,000 after purchasing an additional 39,517 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in Axos Financial by 2,866.7% in the second quarter. Bank of Montreal Can now owns 88,883 shares of the company’s stock valued at $2,421,000 after purchasing an additional 85,887 shares during the last quarter. Hedge funds and other institutional investors own 72.64% of the company’s stock.

Shares of NYSE:AX traded up $0.44 on Friday, hitting $30.25. 15,947 shares of the company’s stock were exchanged, compared to its average volume of 232,164. The firm’s 50-day moving average is $29.66 and its 200 day moving average is $28.18. The company has a market capitalization of $1.83 billion, a PE ratio of 10.98 and a beta of 0.99. Axos Financial has a 1-year low of $24.05 and a 1-year high of $33.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.11 and a current ratio of 1.12.

Axos Financial (NYSE:AX) last announced its earnings results on Tuesday, October 29th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. Axos Financial had a return on equity of 16.66% and a net margin of 23.48%. The firm had revenue of $124.84 million during the quarter, compared to analysts’ expectations of $124.87 million. During the same period in the prior year, the firm earned $0.61 EPS. The business’s revenue was up 21.4% on a year-over-year basis. On average, analysts anticipate that Axos Financial will post 3.02 EPS for the current fiscal year.

About Axos Financial

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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