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

Axos Financial, Inc. (NYSE:AX) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $84.17.

Several equities analysts recently issued reports on AX shares. Keefe, Bruyette & Woods cut their price objective on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday, January 29th. Raymond James restated an “outperform” rating and set a $80.00 price objective (up from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Needham & Company LLC lifted their target price on Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, DA Davidson lowered their price target on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, January 30th.

Axos Financial Price Performance

Shares of AX stock opened at $59.06 on Thursday. Axos Financial has a twelve month low of $44.10 and a twelve month high of $88.46. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $63.45 and a two-hundred day simple moving average of $69.56. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 7.94 and a beta of 1.33.

Axos Financial (NYSE:AX) last issued its earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. On average, analysts predict that Axos Financial will post 7.22 EPS for the current fiscal year.

Insider Activity

In other news, Director Sara Wardell-Smith bought 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $64.73 per share, with a total value of $194,190.00. Following the transaction, the director now directly owns 10,250 shares in the company, valued at approximately $663,482.50. The trade was a 41.38 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.07% of the company’s stock.

Institutional Trading of Axos Financial

Several large investors have recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund lifted its holdings in shares of Axos Financial by 0.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 29,916 shares of the company’s stock worth $2,090,000 after purchasing an additional 196 shares during the period. Versor Investments LP boosted its holdings in shares of Axos Financial by 5.3% in the 4th quarter. Versor Investments LP now owns 4,000 shares of the company’s stock valued at $279,000 after acquiring an additional 200 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of Axos Financial by 1.6% in the 1st quarter. SummerHaven Investment Management LLC now owns 13,386 shares of the company’s stock valued at $864,000 after acquiring an additional 206 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Axos Financial by 1.4% in the first quarter. Exchange Traded Concepts LLC now owns 15,844 shares of the company’s stock worth $1,022,000 after acquiring an additional 223 shares during the period. Finally, Stifel Financial Corp raised its holdings in shares of Axos Financial by 3.4% during the fourth quarter. Stifel Financial Corp now owns 7,310 shares of the company’s stock worth $511,000 after purchasing an additional 241 shares during the last quarter. Hedge funds and other 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.