Analysts Set AXOS FINANCIAL, INC (NYSE:AX) Price Target at $90.86

Key Points

• Axos Financial has received a consensus rating of "Moderate Buy" from seven brokerages, with two hold recommendations and five buy recommendations. The average 1-year target price among these brokerages is $90.86.
• In recent insider trading activities, EVP Andrew J. Micheletti sold 13,960 shares at an average price of $85.38, indicating a significant 17.15% decrease in ownership.
• Axos Financial reported earnings per share of $1.94 for the last quarter, exceeding estimates, and recorded a 10.5% year-over-year increase in revenue to $321.45 million.

AXOS FINANCIAL, INC (NYSE:AX - Get Free Report) has received an average rating of "Moderate Buy" from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $90.8571.

A number of research firms have recently issued reports on AX. Wall Street Zen raised shares of AXOS FINANCIAL from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Needham & Company LLC upped their target price on shares of AXOS FINANCIAL from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. DA Davidson upped their target price on shares of AXOS FINANCIAL from $96.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Jefferies Financial Group initiated coverage on shares of AXOS FINANCIAL in a report on Wednesday, May 21st. They issued a "buy" rating and a $90.00 target price on the stock. Finally, Raymond James Financial restated an "outperform" rating and issued a $95.00 target price (up previously from $90.00) on shares of AXOS FINANCIAL in a report on Thursday, July 31st.

AXOS FINANCIAL Stock Up 3.9%

Shares of AX stock traded up $3.39 on Friday, reaching $90.99. 410,932 shares of the company were exchanged, compared to its average volume of 303,063. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 12.20 and a beta of 1.32. The company has a 50-day moving average of $87.78 and a 200-day moving average of $74.78. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.09 and a quick ratio of 1.09. AXOS FINANCIAL has a one year low of $54.46 and a one year high of $93.84.

AXOS FINANCIAL (NYSE:AX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $0.12. The company had revenue of $321.45 million for the quarter, compared to analysts' expectations of $311.73 million. AXOS FINANCIAL had a net margin of 22.24% and a return on equity of 17.11%. The business's revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.83 EPS. Analysts anticipate that AXOS FINANCIAL will post 7.22 earnings per share for the current year.

Insider Transactions at AXOS FINANCIAL

In related news, EVP Andrew J. Micheletti sold 13,960 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $85.38, for a total value of $1,191,904.80. Following the sale, the executive vice president owned 67,460 shares in the company, valued at $5,759,734.80. This represents a 17.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Candace L. Thiele sold 700 shares of the company's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $90.14, for a total transaction of $63,098.00. Following the completion of the sale, the executive vice president owned 23 shares in the company, valued at $2,073.22. This represents a 96.82% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.07% of the company's stock.

Institutional Investors Weigh In On AXOS FINANCIAL

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its stake in AXOS FINANCIAL by 94.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,017 shares of the company's stock valued at $517,000 after buying an additional 3,901 shares during the last quarter. GAMMA Investing LLC increased its stake in AXOS FINANCIAL by 39.2% in the 1st quarter. GAMMA Investing LLC now owns 1,834 shares of the company's stock valued at $118,000 after buying an additional 516 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in AXOS FINANCIAL by 16.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 50,402 shares of the company's stock valued at $3,252,000 after buying an additional 6,957 shares during the last quarter. SG Americas Securities LLC purchased a new stake in AXOS FINANCIAL in the 1st quarter valued at about $750,000. Finally, Cetera Investment Advisers increased its stake in AXOS FINANCIAL by 11.0% in the 4th quarter. Cetera Investment Advisers now owns 7,941 shares of the company's stock valued at $555,000 after buying an additional 786 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company's stock.

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.