Axos Financial (NYSE:AX) Price Target Raised to $100.00 at Keefe, Bruyette & Woods

Axos Financial (NYSE:AX) had its price target raised by Keefe, Bruyette & Woods from $94.00 to $100.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has a market perform rating on the stock.

Several other equities analysts have also recently issued reports on the company. DA Davidson raised their price target on Axos Financial from $100.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Needham & Company LLC raised their price target on Axos Financial from $102.00 to $105.00 and gave the company a “buy” rating in a report on Monday. Wall Street Zen upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $100.00 price target (up previously from $95.00) on shares of Axos Financial in a report on Tuesday, September 23rd. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Axos Financial has a consensus rating of “Moderate Buy” and a consensus price target of $96.83.

Axos Financial Price Performance

Shares of AX stock opened at $83.58 on Monday. The stock’s fifty day moving average is $88.12 and its 200-day moving average is $76.23. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $4.73 billion, a PE ratio of 11.20 and a beta of 1.29. Axos Financial has a 52 week low of $54.46 and a 52 week high of $93.84.

Axos Financial (NYSE:AX) last announced its earnings results on Wednesday, July 30th. The company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.82 by $0.12. The company had revenue of $321.45 million for the quarter, compared to analysts’ expectations of $311.73 million. Axos Financial had a return on equity of 17.11% and a net margin of 22.24%.The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.83 earnings per share. Equities research analysts expect that Axos Financial will post 7.22 EPS for the current fiscal year.

Insider Activity

In other Axos Financial news, EVP Candace L. Thiele sold 700 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $90.14, for a total value of $63,098.00. Following the transaction, the executive vice president owned 23 shares of the company’s stock, valued at approximately $2,073.22. This represents a 96.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Andrew J. Micheletti sold 13,960 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $85.38, for a total value of $1,191,904.80. Following the completion of the transaction, the executive vice president directly owned 67,460 shares in the company, valued at $5,759,734.80. The trade was a 17.15% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.85% of the company’s stock.

Hedge Funds Weigh In On Axos Financial

Several hedge funds have recently added to or reduced their stakes in the stock. Texas Permanent School Fund Corp lifted its stake in Axos Financial by 2.8% in the second quarter. Texas Permanent School Fund Corp now owns 42,061 shares of the company’s stock valued at $3,198,000 after buying an additional 1,156 shares during the period. Cim Investment Management Inc. raised its position in shares of Axos Financial by 100.7% during the second quarter. Cim Investment Management Inc. now owns 8,658 shares of the company’s stock worth $631,000 after purchasing an additional 4,345 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Axos Financial during the second quarter worth about $3,302,000. Hohimer Wealth Management LLC acquired a new stake in shares of Axos Financial during the second quarter worth about $258,000. Finally, Public Sector Pension Investment Board raised its position in shares of Axos Financial by 5.0% during the second quarter. Public Sector Pension Investment Board now owns 207,287 shares of the company’s stock worth $15,762,000 after purchasing an additional 9,946 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

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.