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

Axos Financial, Inc. (NYSE:AX) has received a consensus rating of “Moderate Buy” from the four research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $81.00.

A number of brokerages have recently weighed in on AX. Raymond James increased their price objective on Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Piper Sandler increased their price target on shares of Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods cut shares of Axos Financial from an “outperform” rating to a “market perform” rating and set a $79.00 price objective for the company. in a research note on Wednesday, July 31st. Finally, Wedbush increased their price objective on shares of Axos Financial from $60.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st.

Axos Financial Stock Down 1.0 %

NYSE:AX opened at $62.34 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial has a twelve month low of $32.05 and a twelve month high of $79.15. The company has a market cap of $3.55 billion, a PE ratio of 8.46 and a beta of 1.40. The company’s 50 day moving average is $66.39 and its two-hundred day moving average is $58.17.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.80. The firm had revenue of $484.29 million for the quarter, compared to analyst estimates of $296.02 million. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. During the same period in the previous year, the company earned $1.50 earnings per share. Analysts anticipate that Axos Financial will post 7.22 EPS for the current year.

Institutional Investors Weigh In On Axos Financial

Several hedge funds have recently bought and sold shares of the stock. Trexquant Investment LP purchased a new stake in Axos Financial during the fourth quarter worth $1,743,000. Lazard Asset Management LLC boosted its stake in shares of Axos Financial by 6.1% during the 1st quarter. Lazard Asset Management LLC now owns 260,100 shares of the company’s stock worth $14,055,000 after acquiring an additional 14,953 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of Axos Financial by 122.2% during the 1st quarter. GSA Capital Partners LLP now owns 31,440 shares of the company’s stock valued at $1,699,000 after acquiring an additional 17,288 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of Axos Financial during the 4th quarter valued at about $5,495,000. Finally, First Eagle Investment Management LLC increased its stake in shares of Axos Financial by 7.2% in the 1st quarter. First Eagle Investment Management LLC now owns 187,572 shares of the company’s stock valued at $10,136,000 after purchasing an additional 12,650 shares in 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.