Axos Financial, Inc (NYSE:AX) Stock Has Consensus Price Target of $115.67

Axos Financial, Inc (NYSE:AX) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $115.67.

A number of research firms have recently commented on AX. Weiss Ratings cut Axos Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Benchmark raised their price target on Axos Financial from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Keefe, Bruyette & Woods boosted their price objective on Axos Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a report on Friday, July 31st. DA Davidson set a $121.00 price objective on Axos Financial in a research report on Friday, July 31st. Finally, Needham & Company LLC increased their target price on Axos Financial from $110.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, July 31st.

Insider Activity at Axos Financial

In related news, Director Roque Santi sold 500 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $105.30, for a total value of $52,650.00. Following the transaction, the director owned 7,146 shares of the company’s stock, valued at $752,473.80. This trade represents a 6.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.85% of the company’s stock.

Hedge Funds Weigh In On Axos Financial

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Axos Financial in the second quarter worth approximately $817,051,000. Dimensional Fund Advisors LP lifted its holdings in shares of Axos Financial by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,177,003 shares of the company’s stock worth $185,234,000 after buying an additional 7,509 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Axos Financial by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 1,775,539 shares of the company’s stock worth $154,687,000 after buying an additional 62,269 shares during the period. Davis Asset Management L.P. bought a new position in shares of Axos Financial during the 2nd quarter worth $149,515,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Axos Financial by 38.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 432,739 shares of the company’s stock valued at $37,203,000 after buying an additional 119,523 shares during the period. 83.79% of the stock is currently owned by institutional investors.

Axos Financial Price Performance

AX stock opened at $88.62 on Friday. Axos Financial has a 12 month low of $74.89 and a 12 month high of $105.74. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $96.64 and a 200 day moving average price of $92.46. The stock has a market cap of $5.04 billion, a PE ratio of 10.46 and a beta of 1.22.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Thursday, July 30th. The company reported $2.53 EPS for the quarter, beating the consensus estimate of $2.16 by $0.37. The company had revenue of $379.77 million for the quarter, compared to the consensus estimate of $375.54 million. Axos Financial had a net margin of 22.39% and a return on equity of 16.96%. During the same period in the prior year, the firm posted $1.94 EPS. Equities research analysts anticipate that Axos Financial will post 9.64 earnings per share for the current year.

Axos Financial Company Profile

Axos Financial, Inc is the parent company of Axos Bank, a digital-first financial institution that provides banking and financial services to consumers, businesses and institutional clients. The company operates primarily through online and mobile platforms, supplemented by relationship-based banking and specialized service teams.

Axos Bank offers deposit products, personal and business checking and savings accounts, certificates of deposit, consumer lending, residential mortgage loans, commercial and industrial loans, commercial real estate financing and treasury management services.