Axos Financial, Inc. (NYSE:AX) Receives $81.50 Consensus Target Price from Analysts

Shares of Axos Financial, Inc. (NYSE:AX - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six ratings firms that are presently covering the firm, MarketBeat reports. Two equities research 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 brokerages that have covered the stock in the last year is $81.50.

Several analysts have issued reports on AX shares. DA Davidson cut their price target on Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Keefe, Bruyette & Woods lowered their price objective 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. Raymond James restated an "outperform" rating and issued a $72.00 price objective (down from $80.00) on shares of Axos Financial in a research report on Friday, May 2nd. Piper Sandler lowered their price objective on Axos Financial from $84.00 to $80.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $88.00 target price on shares of Axos Financial in a research report on Thursday, May 1st.

Insider Transactions at Axos Financial

In related news, Director Sara Wardell-Smith acquired 3,000 shares of Axos Financial stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the purchase, the director now owns 10,250 shares of the company's stock, valued at approximately $663,482.50. This represents a 41.38% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul Grinberg sold 30,000 shares of Axos Financial stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $68.09, for a total value of $2,042,700.00. Following the transaction, the director now owns 113,295 shares of the company's stock, valued at $7,714,256.55. The trade was a 20.94% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.07% of the company's stock.

Hedge Funds Weigh In On Axos Financial

Institutional investors and hedge funds have recently modified their holdings of the business. New York State Common Retirement Fund boosted its holdings in shares of Axos Financial by 1.1% during the 1st quarter. New York State Common Retirement Fund now owns 17,143 shares of the company's stock worth $1,106,000 after purchasing an additional 181 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in Axos Financial by 0.7% in the fourth 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 last quarter. Versor Investments LP lifted its holdings in Axos Financial by 5.3% in the fourth 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 lifted its holdings in Axos Financial by 1.6% in the first 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. Finally, Exchange Traded Concepts LLC lifted its holdings in Axos Financial by 1.4% in the first quarter. Exchange Traded Concepts LLC now owns 15,844 shares of the company's stock valued at $1,022,000 after acquiring an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company's stock.

Axos Financial Stock Performance

Shares of AX traded down $0.84 during trading hours on Monday, hitting $72.75. The stock had a trading volume of 297,805 shares, compared to its average volume of 519,815. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. Axos Financial has a 12 month low of $44.10 and a 12 month high of $88.46. The firm has a market capitalization of $4.10 billion, a PE ratio of 9.78 and a beta of 1.25. The stock has a fifty day moving average price of $63.12 and a 200 day moving average price of $69.70.

Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. The business had revenue of $432.72 million during the quarter, compared to analyst estimates of $305.04 million. During the same quarter in the previous year, the company posted $1.91 earnings per share. Analysts anticipate that Axos Financial will post 7.22 EPS for the current year.

Axos Financial announced that its board has authorized a share buyback program on Monday, May 12th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

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.