Axos Financial (NYSE:AX) Given New $110.00 Price Target at Keefe, Bruyette & Woods

Axos Financial (NYSE:AX) had its target price lifted by Keefe, Bruyette & Woods from $105.00 to $110.00 in a research note published on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Other analysts have also recently issued reports about the company. Weiss Ratings raised Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Needham & Company LLC raised their target price on shares of Axos Financial from $110.00 to $128.00 and gave the company a “buy” rating in a report on Friday. Raymond James Financial upgraded shares of Axos Financial from an “outperform” rating to a “strong-buy” rating and reduced their price target for the stock from $110.00 to $100.00 in a research report on Tuesday, April 7th. Benchmark assumed coverage on shares of Axos Financial in a research note on Wednesday, July 8th. They set a “buy” rating and a $115.00 price target on the stock. Finally, Zacks Research lowered shares of Axos Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $114.83.

Axos Financial Trading Up 2.9%

Shares of AX stock opened at $101.34 on Friday. 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 stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 11.96 and a beta of 1.23. Axos Financial has a 12-month low of $74.89 and a 12-month high of $105.20. The stock’s 50-day moving average price is $93.40 and its 200-day moving average price is $91.86.

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Thursday, July 30th. The company reported $2.53 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.37. The company had revenue of $379.77 million during the quarter, compared to analyst estimates of $375.54 million. Axos Financial had a return on equity of 17.31% and a net margin of 22.39%.During the same period in the prior year, the company earned $1.94 earnings per share. Equities research analysts predict that Axos Financial will post 9.56 EPS for the current fiscal year.

Insider Buying and Selling

In other Axos Financial news, EVP Michael James Watson sold 1,653 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $83.77, for a total transaction of $138,471.81. Following the sale, the executive vice president directly owned 4,592 shares in the company, valued at $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 SEC, which is available at this link. Also, 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 value of $43,885.00. Following the completion of the sale, the director directly owned 7,646 shares of the company’s stock, valued at $671,089.42. The trade was a 6.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 4.85% of the company’s stock.

Institutional Trading of Axos Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp lifted its position in Axos Financial by 0.5% in the fourth quarter. State Street Corp now owns 2,696,323 shares of the company’s stock worth $232,315,000 after buying an additional 13,669 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Axos Financial by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,177,003 shares of the company’s stock valued at $185,234,000 after acquiring an additional 7,509 shares during the last quarter. Geode Capital Management LLC increased its position in Axos Financial by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 1,775,539 shares of the company’s stock valued at $154,687,000 after acquiring an additional 62,269 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Axos Financial by 8.6% in the second quarter. Ameriprise Financial Inc. now owns 740,652 shares of the company’s stock valued at $56,319,000 after acquiring an additional 58,774 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Axos Financial by 7.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 721,572 shares of the company’s stock valued at $62,171,000 after acquiring an additional 52,250 shares during the period. Hedge funds and other institutional investors own 83.79% of the company’s stock.

More Axos Financial News

Here are the key news stories impacting Axos Financial this week:

• Positive Sentiment: Fourth-quarter earnings exceeded expectations. Axos reported adjusted EPS of $2.53, above the approximately $2.15–$2.16 consensus range and up from $1.94 a year earlier. Revenue was $379.77 million, also ahead of the $375.54 million estimate. The company reported $124.9 million in net income and a 22.53% net margin. Axos Financial Beats Q4 Earnings and Revenue Estimates
• Positive Sentiment: Analysts raised their valuation targets. Needham increased its target from $110 to $128 and maintained a “buy” rating, implying substantial potential appreciation from recent trading levels. Keefe, Bruyette & Woods raised its target from $105 to $110 while retaining a “market perform” rating, signaling a more measured but still improved outlook. Needham Raises Axos Financial Price Target
• Positive Sentiment: Management expects continued loan growth. Axos forecast low- to mid-teens loan growth while expecting its net interest margin to remain stable, supporting expectations for further revenue and earnings expansion. Axos Forecasts Loan Growth and Stable Net Interest Margin
• Neutral Sentiment: Arc integration creates a near-term cost headwind. The integration is expected to add roughly $1 million in monthly expenses, which could constrain operating leverage even if loan growth remains strong.

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.