Axos Financial, Inc (NYSE:AX) Receives Consensus Rating of “Buy” from Analysts

Axos Financial, Inc (NYSE:AXGet Free Report) has been assigned a consensus rating of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $110.3333.

A number of equities research analysts have commented on AX shares. Zacks Research lowered shares of Axos Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 target price on shares of Axos Financial in a research note on Monday, March 16th. Benchmark initiated coverage on shares of Axos Financial in a research report on Wednesday. They set a “buy” rating and a $115.00 target price on the stock. Raymond James Financial raised shares of Axos Financial from an “outperform” rating to a “strong-buy” rating and decreased their price target for the company from $110.00 to $100.00 in a research note on Tuesday, April 7th. Finally, Weiss Ratings raised shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st.

Get Our Latest Analysis on Axos Financial

Insiders Place Their Bets

In other news, EVP Michael James Watson sold 1,653 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $83.77, for a total transaction of $138,471.81. Following the transaction, the executive vice president owned 4,592 shares of the company’s stock, valued at $384,671.84. This represents a 26.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Roque A. Santi sold 500 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $87.77, for a total value of $43,885.00. Following the completion of the transaction, the director owned 7,646 shares in the company, valued at approximately $671,089.42. This represents a 6.14% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.85% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Jackson Creek Investment Advisors LLC lifted its holdings in Axos Financial by 714.0% during the fourth quarter. Jackson Creek Investment Advisors LLC now owns 20,725 shares of the company’s stock worth $1,786,000 after acquiring an additional 18,179 shares in the last quarter. Stieven Capital Advisors L.P. increased its holdings in shares of Axos Financial by 8.0% in the fourth quarter. Stieven Capital Advisors L.P. now owns 255,859 shares of the company’s stock worth $22,045,000 after acquiring an additional 18,900 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Axos Financial by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 1,775,539 shares of the company’s stock worth $154,687,000 after purchasing an additional 62,269 shares during the period. JPMorgan Chase & Co. raised its position in shares of Axos Financial by 18.2% during the third quarter. JPMorgan Chase & Co. now owns 330,886 shares of the company’s stock worth $28,010,000 after purchasing an additional 50,902 shares during the period. Finally, Kennedy Capital Management LLC lifted its holdings in shares of Axos Financial by 12.3% during the 4th quarter. Kennedy Capital Management LLC now owns 308,935 shares of the company’s stock valued at $26,618,000 after purchasing an additional 33,854 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Axos Financial Price Performance

Axos Financial stock traded up $0.49 on Friday, reaching $97.47. The company’s stock had a trading volume of 237,305 shares, compared to its average volume of 444,779. The business’s fifty day moving average price is $89.85 and its 200 day moving average price is $90.90. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 11.84 and a beta of 1.23. Axos Financial has a twelve month low of $74.89 and a twelve month high of $101.92.

Axos Financial (NYSE:AXGet Free Report) last announced its earnings results on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.23). Axos Financial had a net margin of 22.53% and a return on equity of 16.48%. The business had revenue of $392.25 million during the quarter, compared to analyst estimates of $372.51 million. During the same quarter last year, the business posted $1.81 earnings per share. Equities analysts expect that Axos Financial will post 8.38 earnings per share for the current fiscal year.

Axos Financial Company Profile

(Get Free Report)

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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Analyst Recommendations for Axos Financial (NYSE:AX)

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