Axos Financial, Inc (NYSE:AX) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Axos Financial, Inc (NYSE:AX) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $109.40.

A number of research analysts have issued reports on AX shares. Keefe, Bruyette & Woods raised their price target 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. DA Davidson raised their price target on shares of Axos Financial from $107.50 to $112.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 price target on shares of Axos Financial in a report on Monday, March 16th. Weiss Ratings lowered Axos Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Finally, Raymond James Financial raised Axos Financial from an “outperform” rating to a “strong-buy” rating and cut their price objective for the company from $110.00 to $100.00 in a report on Tuesday, April 7th.

Insider Transactions at Axos Financial

In other news, EVP Michael James Watson sold 1,653 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $83.77, for a total value of $138,471.81. Following the transaction, the executive vice president directly owned 4,592 shares of the company’s stock, valued at approximately $384,671.84. This represents a 26.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Roque A. Santi sold 500 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $87.77, for a total value of $43,885.00. Following the completion of the transaction, the director directly owned 7,646 shares in the company, valued at $671,089.42. This represents a 6.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.85% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Eurizon Capital SGR S.p.A. acquired a new position in shares of Axos Financial in the fourth quarter valued at about $26,000. Basepoint Wealth LLC acquired a new position in shares of Axos Financial in the fourth quarter valued at about $28,000. Brown Brothers Harriman & Co. acquired a new position in shares of Axos Financial in the third quarter valued at about $29,000. Bessemer Group Inc. increased its holdings in shares of Axos Financial by 59.6% in the third 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 period. Finally, State of Wyoming purchased a new stake in shares of Axos Financial in the first quarter worth about $30,000. 83.79% of the stock is owned by institutional investors and hedge funds.

Axos Financial Stock Up 2.1%

NYSE:AX opened at $87.90 on Friday. The company has a market cap of $5.00 billion, a PE ratio of 10.68 and a beta of 1.30. Axos Financial has a twelve month low of $67.89 and a twelve month high of $101.92. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average is $88.73 and its two-hundred day moving average is $88.81.

Axos Financial (NYSE:AX) last released its earnings results on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.23). The company had revenue of $392.25 million for the quarter, compared to analysts’ expectations of $372.51 million. Axos Financial had a return on equity of 16.48% and a net margin of 22.53%.During the same period in the prior year, the firm posted $1.81 EPS. Analysts anticipate that Axos Financial will post 8.57 EPS for the current year.

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.