Axos Financial, Inc. (NYSE:AX) Given Consensus Rating of “Moderate Buy” by Brokerages

Axos Financial, Inc. (NYSE:AX) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $79.80.

Several analysts have recently commented on the company. Needham & Company LLC raised their target price on Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Piper Sandler increased their price objective on shares of Axos Financial from $68.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods lifted their target price on Axos Financial from $72.00 to $74.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Wedbush reduced their price objective on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Finally, StockNews.com downgraded shares of Axos Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th.

Axos Financial Stock Up 3.1 %

Shares of NYSE AX opened at $84.66 on Monday. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 10.25 and a beta of 1.38. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average price of $68.90 and a two-hundred day moving average price of $64.32. Axos Financial has a 12 month low of $36.93 and a 12 month high of $85.54.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. The business had revenue of $512.87 million during the quarter, compared to the consensus estimate of $299.59 million. During the same period in the prior year, the business posted $1.41 earnings per share. As a group, analysts forecast that Axos Financial will post 7.02 earnings per share for the current fiscal year.

Insider Activity at Axos Financial

In related news, CEO Gregory Garrabrants sold 125,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the sale, the chief executive officer now directly owns 1,340,377 shares of the company’s stock, valued at $109,763,472.53. This trade represents a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Edward James Ratinoff sold 4,002 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $79.41, for a total value of $317,798.82. Following the completion of the transaction, the director now directly owns 46,209 shares in the company, valued at approximately $3,669,456.69. This represents a 7.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,199 shares of company stock worth $10,882,135 over the last ninety days. 5.07% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Axos Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. Hollencrest Capital Management purchased a new position in shares of Axos Financial during the 2nd quarter worth about $25,000. EntryPoint Capital LLC increased its stake in shares of Axos Financial by 816.7% during the first quarter. EntryPoint Capital LLC now owns 495 shares of the company’s stock valued at $27,000 after buying an additional 441 shares during the period. Kathleen S. Wright Associates Inc. bought a new position in shares of Axos Financial during the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC purchased a new position in shares of Axos Financial in the 3rd quarter valued at $41,000. Finally, Farther Finance Advisors LLC grew its stake in Axos Financial by 881.8% in the third quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock valued at $41,000 after purchasing an additional 582 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.

About Axos Financial

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.