Keefe, Bruyette & Woods Cuts Axos Financial (NYSE:AX) Price Target to $90.00

Axos Financial (NYSE:AX) had its target price cut by Keefe, Bruyette & Woods from $91.00 to $90.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 31.11% from the company’s current price.

A number of other analysts also recently commented on the stock. Needham & Company LLC boosted their target price on shares of Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $83.60.

Axos Financial Stock Performance

AX stock traded down $3.75 during midday trading on Wednesday, reaching $68.65. The company had a trading volume of 242,847 shares, compared to its average volume of 382,229. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $3.92 billion, a PE ratio of 8.34 and a beta of 1.46. Axos Financial has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The stock has a 50 day moving average price of $74.98 and a 200 day moving average price of $70.32.

Axos Financial (NYSE:AX) last announced its earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. Analysts anticipate that Axos Financial will post 7.07 earnings per share for the current year.

Insider Activity

In other Axos Financial news, CEO Gregory Garrabrants sold 125,000 shares of the stock in a transaction 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 completion of 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 represents a 8.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Edward James Ratinoff sold 4,002 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $3,669,456.69. This trade represents 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 insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AX. Kathleen S. Wright Associates Inc. acquired a new position in shares of Axos Financial during the third quarter valued at $27,000. Heck Capital Advisors LLC acquired a new stake in Axos Financial in the fourth quarter worth $35,000. Ashton Thomas Securities LLC bought a new position in Axos Financial during the third quarter worth about $41,000. Farther Finance Advisors LLC grew its position 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 purchasing an additional 582 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Axos Financial by 45.7% in the third quarter. GAMMA Investing LLC now owns 982 shares of the company’s stock valued at $62,000 after buying an additional 308 shares during the period. 83.79% of the stock is owned by institutional investors.

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.