Axos Financial (NYSE:AX) Given “Neutral” Rating at Wedbush

Wedbush reissued their neutral rating on shares of Axos Financial (NYSE:AX) in a report published on Wednesday morning, Benzinga reports. The brokerage currently has a $60.00 price objective on the stock. Wedbush also issued estimates for Axos Financial’s Q4 2024 earnings at $1.69 EPS, FY2024 earnings at $6.64 EPS, Q1 2025 earnings at $1.76 EPS, Q2 2025 earnings at $1.84 EPS, Q2 2025 earnings at $1.78 EPS, Q3 2025 earnings at $1.75 EPS, Q3 2025 earnings at $1.78 EPS, Q4 2025 earnings at $1.88 EPS, Q4 2025 earnings at $1.85 EPS, FY2025 earnings at $7.35 EPS, FY2025 earnings at $7.15 EPS, Q1 2026 earnings at $1.94 EPS, Q1 2026 earnings at $2.00 EPS, Q2 2026 earnings at $2.03 EPS and Q2 2026 earnings at $1.95 EPS.

Several other research firms also recently issued reports on AX. Raymond James upped their price objective on shares of Axos Financial from $45.00 to $62.00 and gave the company an outperform rating in a report on Wednesday, January 31st. StockNews.com raised shares of Axos Financial from a sell rating to a hold rating in a report on Monday, February 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $67.25.

Axos Financial Trading Up 0.4 %

NYSE AX opened at $57.51 on Wednesday. The firm has a market cap of $3.28 billion, a PE ratio of 7.78 and a beta of 1.42. Axos Financial has a 52 week low of $32.05 and a 52 week high of $60.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average price of $51.48 and a 200 day moving average price of $48.69.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.70 by $0.21. Axos Financial had a return on equity of 18.57% and a net margin of 24.39%. The firm had revenue of $476.73 million during the quarter, compared to analyst estimates of $277.85 million. During the same quarter in the prior year, the business posted $1.35 EPS. As a group, sell-side analysts forecast that Axos Financial will post 6.45 EPS for the current fiscal year.

Insider Buying and Selling at Axos Financial

In other news, EVP Andrew J. Micheletti sold 1,548 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $51.57, for a total value of $79,830.36. Following the sale, the executive vice president now owns 427,535 shares in the company, valued at $22,047,979.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Sara Wardell-Smith bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average cost of $49.75 per share, for a total transaction of $248,750.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $248,750. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Andrew J. Micheletti sold 1,548 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $51.57, for a total transaction of $79,830.36. Following the completion of the transaction, the executive vice president now owns 427,535 shares of the company’s stock, valued at approximately $22,047,979.95. The disclosure for this sale can be found here. Company insiders own 4.82% of the company’s stock.

Hedge Funds Weigh In On Axos Financial

Several institutional investors and hedge funds have recently modified their holdings of AX. Qube Research & Technologies Ltd increased its holdings in Axos Financial by 80.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 142,646 shares of the company’s stock worth $5,401,000 after acquiring an additional 63,523 shares in the last quarter. Loomis Sayles & Co. L P lifted its stake in Axos Financial by 9.7% in the 3rd quarter. Loomis Sayles & Co. L P now owns 642,062 shares of the company’s stock valued at $24,308,000 after buying an additional 56,634 shares in the last quarter. Cerity Partners LLC acquired a new stake in Axos Financial in the 4th quarter worth about $260,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Axos Financial during the 3rd quarter worth approximately $1,225,000. Finally, Federated Hermes Inc. increased its stake in Axos Financial by 960,400.0% during the 3rd quarter. Federated Hermes Inc. now owns 48,025 shares of the company’s stock worth $1,818,000 after buying an additional 48,020 shares in the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

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.