Axos Financial, Inc. (NYSE:AX) Receives $84.17 Average Target Price from Analysts

Axos Financial, Inc. (NYSE:AX) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $84.17.

Several analysts recently weighed in on AX shares. Needham & Company LLC raised their target price on shares of Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reduced 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. DA Davidson lowered their target price on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Raymond James restated an “outperform” rating and issued a $80.00 price target (up from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Finally, StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research report on Monday, December 9th.

Insider Buying and Selling at Axos Financial

In other news, Director Edward James Ratinoff sold 4,002 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $79.41, for a total value of $317,798.82. Following the completion of the sale, the director now directly owns 46,209 shares of the company’s stock, valued at approximately $3,669,456.69. This represents a 7.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.07% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Axos Financial

Institutional investors have recently modified their holdings of the business. Hancock Whitney Corp grew its position in Axos Financial by 1.3% during the 3rd quarter. Hancock Whitney Corp now owns 10,931 shares of the company’s stock worth $687,000 after purchasing an additional 142 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Axos Financial by 4.4% during the third quarter. Crossmark Global Holdings Inc. now owns 3,836 shares of the company’s stock worth $241,000 after buying an additional 162 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in Axos Financial by 0.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 29,916 shares of the company’s stock valued at $2,090,000 after acquiring an additional 196 shares during the period. Versor Investments LP raised its stake in Axos Financial by 5.3% during 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. Finally, Y Intercept Hong Kong Ltd lifted its position in Axos Financial by 2.0% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 13,567 shares of the company’s stock worth $948,000 after acquiring an additional 266 shares during the period. 83.79% of the stock is owned by institutional investors and hedge funds.

Axos Financial Stock Performance

NYSE:AX opened at $71.97 on Friday. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 9.67 and a beta of 1.45. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. Axos Financial has a 52 week low of $44.10 and a 52 week high of $88.46. The company has a fifty day simple moving average of $73.17 and a two-hundred day simple moving average of $70.36.

Axos Financial (NYSE:AX) last released its earnings results on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. As a group, equities analysts anticipate that Axos Financial will post 7.18 earnings per share for the current fiscal 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.