Axos Financial, Inc (NYSE:AX) Receives Consensus Rating of "Buy" from Brokerages

Key Points

• Analysts give Axos a consensus Buy rating (6 buys, 1 strong buy, 1 hold) with an average 1‑year price target of $104.50, and several firms recently raised targets into the $110–$115 range.
• Insider sales notable: CEO Gregory Garrabrants sold 43,294 shares at ~$99.10 and EVP Derrick Walsh sold 4,846 shares at ~$101.21, with insiders selling 59,303 shares (~$5.9M) over the last 90 days and owning 4.85% of the stock.
• Axos posted an earnings beat with Q EPS $2.25 vs. $2.07 expected and revenue $385.1M vs. $345.9M, revenue up 25.1% year‑over‑year, with ROE ~17% and a net margin of 22.66%.

Shares of Axos Financial, Inc (NYSE:AX - Get Free Report) have been given a consensus rating of "Buy" by the eight research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $104.50.

A number of research analysts have recently issued reports on AX shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $110.00 price objective on shares of Axos Financial in a research report on Monday, March 16th. Jefferies Financial Group increased their target price on shares of Axos Financial from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, January 30th. Zacks Research upgraded shares of Axos Financial from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 2nd. DA Davidson lifted their price target on shares of Axos Financial from $107.50 to $112.00 and gave the stock a "buy" rating in a report on Friday, January 30th. Finally, Keefe, Bruyette & Woods upped their price target on Axos Financial from $100.00 to $110.00 and gave the stock a "market perform" rating in a research report on Friday, January 30th.

Insider Activity at Axos Financial

In related news, EVP Derrick Walsh sold 4,846 shares of the company's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $101.21, for a total transaction of $490,463.66. Following the transaction, the executive vice president directly owned 37,936 shares of the company's stock, valued at $3,839,502.56. This represents a 11.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gregory Garrabrants sold 43,294 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $99.10, for a total value of $4,290,435.40. Following the completion of the sale, the chief executive officer owned 1,418,751 shares of the company's stock, valued at approximately $140,598,224.10. This trade represents a 2.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 59,303 shares of company stock valued at $5,908,474 in the last ninety days. Corporate insiders own 4.85% of the company's stock.

Hedge Funds Weigh In On Axos Financial

Several hedge funds and other institutional investors have recently modified their holdings of AX. Cetera Investment Advisers grew its position in Axos Financial by 0.7% during the 4th quarter. Cetera Investment Advisers now owns 16,547 shares of the company's stock worth $1,426,000 after purchasing an additional 108 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in shares of Axos Financial by 3.3% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,495 shares of the company's stock worth $301,000 after buying an additional 113 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Axos Financial by 59.6% in the third quarter. Bessemer Group Inc. now owns 348 shares of the company's stock worth $29,000 after buying an additional 130 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Axos Financial by 3.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,889 shares of the company's stock worth $329,000 after buying an additional 131 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Axos Financial by 0.9% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 14,871 shares of the company's stock worth $1,281,000 after buying an additional 132 shares during the period. 83.79% of the stock is owned by hedge funds and other institutional investors.

Axos Financial Trading Up 1.1%

Shares of NYSE AX opened at $86.05 on Thursday. Axos Financial has a 1-year low of $54.46 and a 1-year high of $101.92. The business has a fifty day moving average price of $90.94 and a 200 day moving average price of $86.86. The stock has a market capitalization of $4.88 billion, a P/E ratio of 10.91 and a beta of 1.26. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.08 and a quick ratio of 1.08.

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