Axos Financial, Inc (NYSE:AX) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Axos Financial, Inc (NYSE:AX) have been assigned an average rating of “Buy” from the eight brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $104.50.

Several brokerages have recently weighed in on AX. Jefferies Financial Group raised their target price on Axos Financial from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Zacks Research upgraded shares of Axos Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Keefe, Bruyette & Woods raised their price objective on shares of Axos Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Friday, January 30th. Needham & Company LLC restated a “buy” rating and set a $110.00 price objective on shares of Axos Financial in a research report on Friday, February 13th. Finally, DA Davidson upped their target price on shares of Axos Financial from $107.50 to $112.00 and gave the company a “buy” rating in a report on Friday, January 30th.

Insider Activity at Axos Financial

In other Axos Financial news, Director James John Court sold 11,163 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $101.01, for a total value of $1,127,574.63. Following the completion of the transaction, the director owned 32,169 shares in the company, valued at $3,249,390.69. This represents a 25.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Derrick Walsh sold 4,846 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $101.21, for a total value of $490,463.66. Following the transaction, the executive vice president directly owned 37,936 shares in the company, valued at approximately $3,839,502.56. The trade was a 11.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 59,303 shares of company stock valued at $5,908,474 over the last ninety days. Insiders own 4.85% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its holdings in shares of Axos Financial by 0.7% in the fourth quarter. Cetera Investment Advisers now owns 16,547 shares of the company’s stock valued at $1,426,000 after acquiring an additional 108 shares during the period. Ashton Thomas Private Wealth LLC increased its holdings in shares of Axos Financial by 3.3% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,495 shares of the company’s stock valued at $301,000 after acquiring an additional 113 shares during the period. Bessemer Group Inc. raised its position in Axos Financial by 59.6% in the 3rd quarter. Bessemer Group Inc. now owns 348 shares of the company’s stock valued at $29,000 after purchasing an additional 130 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Axos Financial by 3.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,889 shares of the company’s stock valued at $329,000 after purchasing an additional 131 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in Axos Financial by 0.9% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 14,871 shares of the company’s stock worth $1,281,000 after purchasing an additional 132 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Stock Performance

NYSE:AX opened at $84.62 on Friday. Axos Financial has a 12 month low of $54.46 and a 12 month high of $101.92. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $4.80 billion, a PE ratio of 10.73 and a beta of 1.27. The business’s fifty day moving average price is $93.23 and its 200 day moving average price is $87.60.

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Thursday, January 29th. The company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.18. The company had revenue of $385.09 million during the quarter, compared to the consensus estimate of $345.89 million. Axos Financial had a return on equity of 16.98% and a net margin of 22.66%.Axos Financial’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.82 EPS. On average, sell-side analysts anticipate that Axos Financial will post 7.22 earnings per share for the current fiscal year.

About Axos Financial

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.