Shares of Axos Financial, Inc (NYSE:AX – Get Free Report) have been assigned an average rating of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $115.6667.
AX has been the topic of a number of analyst reports. Weiss Ratings raised shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. DA Davidson set a $121.00 price target on shares of Axos Financial in a research report on Friday, July 31st. Keefe, Bruyette & Woods boosted their price target on shares of Axos Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a report on Friday, July 31st. Needham & Company LLC upped their price objective on shares of Axos Financial from $110.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Benchmark increased their price objective on shares of Axos Financial from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, August 13th.
Check Out Our Latest Research Report on AX
Axos Financial Stock Up 1.2%
Axos Financial (NYSE:AX – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.37. The business had revenue of $379.77 million during the quarter, compared to the consensus estimate of $375.54 million. Axos Financial had a return on equity of 16.96% and a net margin of 22.39%.During the same quarter in the prior year, the company posted $1.94 earnings per share. Sell-side analysts expect that Axos Financial will post 9.59 EPS for the current fiscal year.
Insider Activity
In other news, Director Roque Santi sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total value of $52,650.00. Following the completion of the transaction, the director directly owned 7,146 shares of the company’s stock, valued at $752,473.80. This represents a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.85% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Axos Financial during the 4th quarter valued at $26,000. Basepoint Wealth LLC purchased a new position in shares of Axos Financial in the 4th quarter worth about $28,000. Brown Brothers Harriman & Co. bought a new position in Axos Financial during the third quarter valued at about $29,000. State of Wyoming bought a new position in Axos Financial during the first quarter valued at about $30,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Axos Financial by 294.7% during the second quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company’s stock worth $34,000 after buying an additional 333 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.
About Axos Financial
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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