Axos Financial, Inc (NYSE:AX – Get Free Report) EVP Michael James Watson sold 1,653 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $83.77, for a total transaction of $138,471.81. Following the completion of the transaction, the executive vice president directly owned 4,592 shares in the company, valued at approximately $384,671.84. The trade was a 26.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Axos Financial Stock Down 0.2%
NYSE AX traded down $0.20 during trading hours on Thursday, hitting $85.77. The company’s stock had a trading volume of 159,413 shares, compared to its average volume of 402,862. 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 company has a market capitalization of $4.88 billion, a PE ratio of 10.42 and a beta of 1.30. Axos Financial, Inc has a 52 week low of $67.50 and a 52 week high of $101.92. The company’s 50-day simple moving average is $88.64 and its two-hundred day simple moving average is $88.61.
Axos Financial (NYSE:AX – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.90 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.23). The firm had revenue of $392.25 million during the quarter, compared to analysts’ expectations of $372.51 million. Axos Financial had a net margin of 22.53% and a return on equity of 16.48%. During the same quarter last year, the business posted $1.81 EPS. Research analysts anticipate that Axos Financial, Inc will post 8.57 EPS for the current fiscal year.
Institutional Investors Weigh In On Axos Financial
Analysts Set New Price Targets
Several equities research analysts have commented on AX shares. Jefferies Financial Group increased their price objective on shares of Axos Financial from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price objective on shares of Axos Financial in a research note on Monday, March 16th. Raymond James Financial upgraded shares of Axos Financial from an “outperform” rating to a “strong-buy” rating and decreased their price objective for the company from $110.00 to $100.00 in a research note on Tuesday, April 7th. DA Davidson increased their price objective on shares of Axos Financial from $107.50 to $112.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, Weiss Ratings lowered shares of Axos Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Axos Financial has a consensus rating of “Moderate Buy” and a consensus price target of $109.40.
View Our Latest Analysis on AX
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.
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