Analysts Set Axos Financial, Inc. (NYSE:AX) Target Price at $67.25

Shares of Axos Financial, Inc. (NYSE:AX) have received a consensus recommendation of “Moderate Buy” from the four ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $67.25.

Several equities research analysts have weighed in on AX shares. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Wedbush restated a “neutral” rating and set a $60.00 target price on shares of Axos Financial in a research note on Wednesday, May 1st. Piper Sandler upped their target price on Axos Financial from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Raymond James raised their price target on Axos Financial from $45.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $79.00 price objective (up previously from $77.00) on shares of Axos Financial in a report on Thursday, May 2nd.

Insider Activity

In related news, Director Sara Wardell-Smith acquired 5,000 shares of Axos Financial stock in a transaction on Friday, March 15th. The stock was acquired at an average price of $49.75 per share, for a total transaction of $248,750.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $248,750. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Andrew J. Micheletti sold 2,500 shares of Axos Financial stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $52.89, for a total value of $132,225.00. Following the completion of the transaction, the executive vice president now owns 422,583 shares in the company, valued at approximately $22,350,414.87. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sara Wardell-Smith acquired 5,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was acquired at an average cost of $49.75 per share, for a total transaction of $248,750.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $248,750. The disclosure for this purchase can be found here. Insiders own 4.82% of the company’s stock.

Institutional Investors Weigh In On Axos Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its stake in Axos Financial by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,724,331 shares of the company’s stock valued at $148,755,000 after buying an additional 134,266 shares in the last quarter. Davis Asset Management L.P. boosted its stake in shares of Axos Financial by 5.3% in the third quarter. Davis Asset Management L.P. now owns 1,500,000 shares of the company’s stock worth $56,790,000 after acquiring an additional 75,000 shares during the last quarter. American Century Companies Inc. increased its position in shares of Axos Financial by 152.8% during the third quarter. American Century Companies Inc. now owns 1,395,715 shares of the company’s stock worth $52,842,000 after purchasing an additional 843,606 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Axos Financial by 5.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,376,615 shares of the company’s stock valued at $52,119,000 after purchasing an additional 74,649 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Axos Financial by 114.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company’s stock valued at $43,428,000 after purchasing an additional 423,930 shares in the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Axos Financial Trading Up 3.7 %

AX opened at $59.68 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 8.10 and a beta of 1.42. Axos Financial has a 12 month low of $32.05 and a 12 month high of $60.23. The stock has a fifty day moving average price of $51.74 and a 200-day moving average price of $49.15.

Axos Financial (NYSE:AX) last announced its earnings results on Tuesday, April 30th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.21. Axos Financial had a net margin of 24.39% and a return on equity of 18.57%. The business had revenue of $476.73 million during the quarter, compared to the consensus estimate of $277.85 million. During the same period in the previous year, the company posted $1.35 earnings per share. As a group, equities research analysts anticipate that Axos Financial will post 6.76 earnings per share for the current fiscal year.

Axos Financial Company Profile

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.