Axos Financial, Inc (NYSE:AX) Receives $110.33 Average Price Target from Analysts

Shares of Axos Financial, Inc (NYSE:AX) have earned a consensus rating of “Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $110.3333.

Several analysts have recently weighed in on the company. Weiss Ratings raised Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Benchmark assumed coverage on Axos Financial in a research note on Wednesday, July 8th. They set a “buy” rating and a $115.00 price target on the stock. Raymond James Financial raised Axos Financial from an “outperform” rating to a “strong-buy” rating and cut their price target for the stock from $110.00 to $100.00 in a research report on Tuesday, April 7th. Finally, Zacks Research cut Axos Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th.

Axos Financial Price Performance

Shares of NYSE:AX opened at $97.89 on Friday. Axos Financial has a 12 month low of $74.89 and a 12 month high of $101.92. The firm has a market capitalization of $5.57 billion, a P/E ratio of 11.89 and a beta of 1.23. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.15 and a quick ratio of 1.15. The company’s fifty day moving average price is $90.07 and its 200 day moving average price is $91.04.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.13 by ($0.23). The company had revenue of $392.25 million during the quarter, compared to analyst estimates of $372.51 million. Axos Financial had a net margin of 22.53% and a return on equity of 16.48%. During the same quarter in the prior year, the company earned $1.81 EPS. As a group, sell-side analysts predict that Axos Financial will post 8.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Roque A. Santi sold 500 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $87.77, for a total transaction of $43,885.00. Following the transaction, the director directly owned 7,646 shares in the company, valued at approximately $671,089.42. This trade represents a 6.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael James Watson sold 1,653 shares of Axos Financial stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $83.77, for a total transaction of $138,471.81. Following the completion of the transaction, the executive vice president directly owned 4,592 shares in the company, valued at $384,671.84. The trade was a 26.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 4.85% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Axos Financial in the fourth quarter valued at about $26,000. Basepoint Wealth LLC purchased a new position in shares of Axos Financial during the fourth quarter worth about $28,000. Brown Brothers Harriman & Co. purchased a new position in shares of Axos Financial during the third quarter worth about $29,000. State of Wyoming acquired a new position in Axos Financial in the 1st quarter valued at about $30,000. Finally, Torren Management LLC acquired a new position in Axos Financial in the 4th quarter valued at about $36,000. 83.79% of the stock is owned by hedge funds and other institutional investors.

Axos Financial Company Profile

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.