Axos Financial, Inc. (NYSE:AX) Receives $80.20 Average Price Target from Analysts

Axos Financial, Inc. (NYSE:AX) has been given a consensus recommendation of “Moderate Buy” by the five brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $80.20.

Several analysts recently commented on the stock. Piper Sandler lifted their target price on shares of Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods cut Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price objective for the company. in a report on Wednesday, July 31st. Raymond James increased their target price on Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Needham & Company LLC began coverage on Axos Financial in a research note on Friday, October 11th. They issued a “buy” rating and a $82.00 price target for the company. Finally, Wedbush lowered their price objective on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th.

Axos Financial Stock Performance

AX opened at $64.85 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial has a 12-month low of $32.05 and a 12-month high of $79.15. The business has a 50 day moving average of $64.74 and a 200-day moving average of $60.97. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 8.80 and a beta of 1.39.

Axos Financial (NYSE:AX) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.80. Axos Financial had a return on equity of 18.57% and a net margin of 23.96%. The business had revenue of $484.29 million during the quarter, compared to the consensus estimate of $296.02 million. During the same quarter last year, the firm posted $1.50 EPS. On average, equities research analysts expect that Axos Financial will post 7.12 earnings per share for the current year.

Insider Buying and Selling

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the completion of the transaction, the executive vice president now directly owns 424,149 shares in the company, valued at $26,776,526.37. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.82% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Axos Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. boosted its stake in shares of Axos Financial by 26.2% during the second quarter. American Century Companies Inc. now owns 1,549,748 shares of the company’s stock valued at $88,568,000 after purchasing an additional 321,494 shares in the last quarter. Emerald Mutual Fund Advisers Trust grew its stake in shares of Axos Financial by 9.6% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 382,276 shares of the company’s stock worth $21,847,000 after purchasing an additional 33,366 shares during the last quarter. Millennium Management LLC increased its holdings in Axos Financial by 107.9% in the second quarter. Millennium Management LLC now owns 367,251 shares of the company’s stock valued at $20,988,000 after purchasing an additional 190,584 shares during the period. Stieven Capital Advisors L.P. lifted its holdings in Axos Financial by 1.4% during the 2nd quarter. Stieven Capital Advisors L.P. now owns 328,433 shares of the company’s stock worth $18,770,000 after buying an additional 4,400 shares during the period. Finally, Lazard Asset Management LLC grew its position in shares of Axos Financial by 6.1% in the 1st quarter. Lazard Asset Management LLC now owns 260,100 shares of the company’s stock valued at $14,055,000 after buying an additional 14,953 shares during the last quarter. 83.79% of the stock is owned by institutional investors.

About Axos Financial

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.