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

Shares of Axos Financial, Inc. (NYSE:AX - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seven research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $82.71.

Several research firms have recently issued reports on AX. Raymond James reiterated an "outperform" rating and set a $72.00 price objective (down previously from $80.00) on shares of Axos Financial in a research report on Friday, May 2nd. Jefferies Financial Group began coverage on shares of Axos Financial in a report on Wednesday, May 21st. They issued a "buy" rating and a $90.00 target price for the company. Needham & Company LLC reissued a "buy" rating and issued a $88.00 target price on shares of Axos Financial in a report on Thursday, May 1st. Piper Sandler dropped their price objective on shares of Axos Financial from $84.00 to $80.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Finally, DA Davidson dropped their price objective on shares of Axos Financial from $88.00 to $84.00 and set a "buy" rating for the company in a research note on Thursday, May 1st.

Insider Activity at Axos Financial

In other Axos Financial news, Director Paul Grinberg sold 30,000 shares of Axos Financial stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $68.09, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 5.07% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AX. Strs Ohio acquired a new position in Axos Financial during the first quarter worth $194,000. Intech Investment Management LLC grew its holdings in Axos Financial by 6.8% during the first quarter. Intech Investment Management LLC now owns 42,145 shares of the company's stock worth $2,719,000 after acquiring an additional 2,678 shares during the period. Focus Partners Wealth grew its holdings in Axos Financial by 1.1% during the first quarter. Focus Partners Wealth now owns 41,165 shares of the company's stock worth $2,656,000 after acquiring an additional 430 shares during the period. Optimize Financial Inc grew its holdings in Axos Financial by 11.0% during the first quarter. Optimize Financial Inc now owns 5,864 shares of the company's stock worth $378,000 after acquiring an additional 580 shares during the period. Finally, United Services Automobile Association acquired a new position in Axos Financial during the first quarter worth $212,000. Institutional investors and hedge funds own 83.79% of the company's stock.

Axos Financial Stock Down 0.4%

NYSE:AX opened at $69.64 on Friday. The company has a market capitalization of $3.93 billion, a PE ratio of 9.36 and a beta of 1.25. The firm's 50-day moving average price is $65.38 and its 200-day moving average price is $69.25. Axos Financial has a 1-year low of $50.93 and a 1-year high of $88.46. 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 (NYSE:AX - Get Free Report) last posted its 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. The business had revenue of $432.72 million for the quarter, compared to analysts' expectations 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 business earned $1.91 EPS. On average, equities analysts predict that Axos Financial will post 7.22 EPS for the current fiscal year.

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

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