Axos Financial, Inc. (NYSE:AX) Given Average Rating of "Moderate Buy" by Analysts

Axos Financial, Inc. (NYSE:AX - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $84.17.

A number of equities research analysts recently weighed in on AX shares. DA Davidson lowered their price objective on shares of Axos Financial from $96.00 to $88.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Raymond James reiterated an "outperform" rating and set a $80.00 price target (up from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Needham & Company LLC boosted their price objective on Axos Financial from $85.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods dropped their target price on Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 29th.

Insider Buying and Selling

In other news, Director Sara Wardell-Smith bought 3,000 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the transaction, the director now directly owns 10,250 shares of the company's stock, valued at approximately $663,482.50. This trade represents a 41.38 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.07% of the company's stock.

Hedge Funds Weigh In On Axos Financial

Several hedge funds have recently modified their holdings of AX. Boston Partners bought a new position in Axos Financial during the fourth quarter valued at about $29,918,000. Raymond James Financial Inc. bought a new stake in shares of Axos Financial in the 4th quarter worth approximately $16,464,000. American Century Companies Inc. lifted its stake in Axos Financial by 9.6% during the fourth quarter. American Century Companies Inc. now owns 1,874,779 shares of the company's stock valued at $130,953,000 after purchasing an additional 163,952 shares during the last quarter. Epoch Investment Partners Inc. boosted its holdings in Axos Financial by 255.3% during the fourth quarter. Epoch Investment Partners Inc. now owns 199,662 shares of the company's stock worth $13,946,000 after buying an additional 143,474 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Axos Financial in the fourth quarter valued at $9,849,000. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Axos Financial Stock Performance

Shares of AX traded down $1.15 during mid-day trading on Thursday, hitting $59.06. The stock had a trading volume of 370,481 shares, compared to its average volume of 530,983. Axos Financial has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a market cap of $3.37 billion, a PE ratio of 7.94 and a beta of 1.33. The company's fifty day simple moving average is $63.45 and its two-hundred day simple moving average is $69.56.

Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, topping analysts' consensus estimates 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, equities analysts expect that Axos Financial will post 7.22 earnings per share for the current year.

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.