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

Axos Financial, Inc. (NYSE:AX - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $81.50.

A number of research firms have commented on AX. Needham & Company LLC reiterated a "buy" rating and issued a $88.00 price objective on shares of Axos Financial in a report on Thursday, May 1st. Keefe, Bruyette & Woods cut their price target on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a report on Wednesday, January 29th. Piper Sandler cut their price target on shares of Axos Financial from $84.00 to $80.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Raymond James restated an "outperform" rating and set a $72.00 price target (down previously from $80.00) on shares of Axos Financial in a report on Friday, May 2nd. Finally, DA Davidson cut their price target on shares of Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a report on Thursday, May 1st.

Insider Activity

In other Axos Financial news, Director Paul Grinberg sold 30,000 shares of Axos Financial stock in a transaction on 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 directly owns 113,295 shares in the company, valued at approximately $7,714,256.55. The trade was a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sara Wardell-Smith bought 3,000 shares of the stock in a transaction dated 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 acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.07% of the company's stock.

Institutional Trading of Axos Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in shares of Axos Financial during the 4th quarter valued at approximately $35,000. Kestra Investment Management LLC purchased a new stake in Axos Financial in the 4th quarter worth approximately $52,000. NewEdge Advisors LLC grew its stake in shares of Axos Financial by 1,700.0% during the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company's stock valued at $63,000 after buying an additional 850 shares during the period. R Squared Ltd purchased a new stake in Axos Financial during the 4th quarter worth $66,000. Finally, SRS Capital Advisors Inc. boosted its position in Axos Financial by 238.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock worth $77,000 after purchasing an additional 773 shares during the period. Hedge funds and other institutional investors own 83.79% of the company's stock.

Axos Financial Price Performance

Shares of AX traded down $0.69 during mid-day trading on Monday, hitting $72.03. 45,173 shares of the company were exchanged, compared to its average volume of 518,313. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 9.68 and a beta of 1.25. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 1.09. Axos Financial has a 1-year low of $44.10 and a 1-year high of $88.46. The company has a 50 day moving average of $63.47 and a 200-day moving average of $69.76.

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

Axos Financial announced that its Board of Directors has authorized a share buyback plan on Monday, May 12th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

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.