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

Key Points

• Analysts rate Axos a "Buy": eight analysts cover the stock (six buys, one hold, one strong buy) with an average 12‑month price target of $104.50 and several recent target upgrades (Jefferies $115, DA Davidson $112).
• Quarterly results beat expectations: Axos reported $2.25 EPS vs. $2.07 expected and $385.09M revenue (up 25.1% YoY), and analysts project full‑year EPS of 7.22.
• Notable insider selling: insiders disposed of 61,448 shares worth $6.09M over the past 90 days, leaving insiders owning 4.85% of the company.

Axos Financial, Inc (NYSE:AX - Get Free Report) has been assigned a consensus recommendation of "Buy" from the eight analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $104.50.

A number of brokerages recently commented on AX. Weiss Ratings reissued a "buy (b)" rating on shares of Axos Financial in a research note on Monday, December 29th. Jefferies Financial Group increased their target price on Axos Financial from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, January 30th. DA Davidson increased their target price on Axos Financial from $107.50 to $112.00 and gave the company a "buy" rating in a research report on Friday, January 30th. Keefe, Bruyette & Woods lifted their price target on Axos Financial from $100.00 to $110.00 and gave the company a "market perform" rating in a report on Friday, January 30th. Finally, Zacks Research raised Axos Financial from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 2nd.

Insider Buying and Selling

In other Axos Financial news, EVP Derrick Walsh sold 4,846 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $101.21, for a total transaction of $490,463.66. Following the completion of the sale, the executive vice president directly owned 37,936 shares of the company's stock, valued at approximately $3,839,502.56. This represents a 11.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Tamara N. Bohlig sold 2,145 shares of the firm's stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $86.23, for a total transaction of $184,963.35. Following the completion of the sale, the director owned 12,919 shares in the company, valued at $1,114,005.37. This represents a 14.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 61,448 shares of company stock worth $6,093,437 over the last ninety days. 4.85% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Axos Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of AX. Salomon & Ludwin LLC acquired a new stake in Axos Financial in the third quarter valued at approximately $26,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of Axos Financial during the fourth quarter worth $26,000. Basepoint Wealth LLC purchased a new stake in shares of Axos Financial during the 4th quarter valued at $28,000. Bessemer Group Inc. lifted its holdings in shares of Axos Financial by 59.6% during the 3rd quarter. Bessemer Group Inc. now owns 348 shares of the company's stock valued at $29,000 after purchasing an additional 130 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Axos Financial in the 3rd quarter worth $29,000. Hedge funds and other institutional investors own 83.79% of the company's stock.

Axos Financial Stock Down 2.3%

Shares of Axos Financial stock opened at $86.21 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 10.93 and a beta of 1.27. The firm's 50-day moving average is $93.32 and its two-hundred day moving average is $87.66. Axos Financial has a 1 year low of $54.46 and a 1 year high of $101.92.

Axos Financial (NYSE:AX - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.07 by $0.18. Axos Financial had a net margin of 22.66% and a return on equity of 16.98%. The business had revenue of $385.09 million during the quarter, compared to analyst estimates of $345.89 million. During the same quarter in the previous year, the business posted $1.82 EPS. The company's quarterly revenue was up 25.1% compared to the same quarter last year. As a group, research analysts expect that Axos Financial will post 7.22 earnings per share for the current fiscal year.

About Axos Financial

Axos Financial, Inc NYSE: AX is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.

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