Axos Financial, Inc (NYSE:AX – Get Free Report) shares crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $92.43 and traded as low as $91.55. Axos Financial shares last traded at $92.42, with a volume of 379,134 shares traded.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. Benchmark upped their price objective on Axos Financial from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Keefe, Bruyette & Woods raised their price objective on Axos Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Friday, July 31st. DA Davidson set a $121.00 target price on Axos Financial in a research note on Friday, July 31st. Needham & Company LLC reiterated a “buy” rating and issued a $128.00 target price on shares of Axos Financial in a report on Monday, October 5th. Finally, Weiss Ratings upgraded shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $115.67.
View Our Latest Stock Report on Axos Financial
Axos Financial Trading Down 2.3%
The company’s 50 day simple moving average is $91.36 and its two-hundred day simple moving average is $92.43. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 10.53 and a beta of 1.31.
Axos Financial (NYSE:AX – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.08. Axos Financial had a return on equity of 16.75% and a net margin of 22.33%. The business had revenue of $395.07 million for the quarter, compared to the consensus estimate of $386.30 million. During the same period in the prior year, the firm posted $1.94 earnings per share. The business’s quarterly revenue was up 22.2% on a year-over-year basis. As a group, research analysts anticipate that Axos Financial, Inc will post 9.64 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System increased its position in Axos Financial by 52.4% during the 3rd quarter. Maryland State Retirement & Pension System now owns 12,611 shares of the company’s stock valued at $1,092,000 after buying an additional 4,337 shares in the last quarter. Jefferies Financial Group Inc. raised its stake in Axos Financial by 114.9% in the third quarter. Jefferies Financial Group Inc. now owns 4,700 shares of the company’s stock valued at $407,000 after buying an additional 2,513 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in Axos Financial by 2.5% in the third quarter. Illinois Municipal Retirement Fund now owns 30,239 shares of the company’s stock worth $2,618,000 after acquiring an additional 724 shares in the last quarter. Lido Advisors LLC boosted its holdings in Axos Financial by 13.2% in the third quarter. Lido Advisors LLC now owns 8,494 shares of the company’s stock worth $735,000 after acquiring an additional 991 shares in the last quarter. Finally, Csenge Advisory Group boosted its holdings in Axos Financial by 4.8% in the third quarter. Csenge Advisory Group now owns 11,916 shares of the company’s stock worth $1,032,000 after acquiring an additional 546 shares in the last quarter. 83.79% of the stock is currently owned by hedge funds and other institutional investors.
Axos Financial Company Profile
Axos Financial, Inc is a financial holding company that operates primarily through Axos Bank, a nationwide digital bank. The company provides personal and business banking products, including checking and savings accounts, certificates of deposit, mortgage and home-equity loans, commercial lending, and other deposit and credit services. Its digital-first model allows customers to access accounts and financial services online and through mobile platforms.
Through its institutional businesses, Axos also provides securities clearing, custody, and related brokerage services to registered investment advisers, broker-dealers, and other financial institutions.
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