Axos Financial, Inc. (NYSE:AX) Receives $83.20 Average Price Target from Analysts

Axos Financial, Inc. (NYSE:AX) has earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $83.20.

Several research firms have recently commented on AX. Needham & Company LLC reissued a “buy” rating and issued a $85.00 price objective on shares of Axos Financial in a research note on Thursday. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods increased their price objective on Axos Financial from $74.00 to $91.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Wedbush lowered their target price on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th.

Insider Activity at Axos Financial

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

Institutional Trading of Axos Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. acquired a new position in Axos Financial during the third quarter worth approximately $27,000. Hollencrest Capital Management acquired a new position in shares of Axos Financial in the 2nd quarter valued at $25,000. Farther Finance Advisors LLC increased its holdings in shares of Axos Financial by 881.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock valued at $41,000 after acquiring an additional 582 shares during the period. Ashton Thomas Securities LLC purchased a new stake in Axos Financial in the 3rd quarter valued at $41,000. Finally, GAMMA Investing LLC boosted its stake in Axos Financial by 45.7% during the 3rd quarter. GAMMA Investing LLC now owns 982 shares of the company’s stock worth $62,000 after purchasing an additional 308 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Stock Down 3.1 %

Axos Financial stock opened at $66.76 on Tuesday. The company has a market capitalization of $3.81 billion, a PE ratio of 8.08 and a beta of 1.46. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. Axos Financial has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The firm has a 50 day moving average price of $76.79 and a 200 day moving average price of $69.11.

Axos Financial (NYSE:AX) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.16. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. The firm had revenue of $512.87 million for the quarter, compared to the consensus estimate of $299.59 million. During the same quarter in the previous year, the business earned $1.41 EPS. Research analysts expect that Axos Financial will post 7.07 earnings per share for the current year.

Axos Financial Company Profile

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.