Axos Financial (NYSE:AX) Price Target Raised to $100.00

Key Points

• Analysts from Keefe, Bruyette & Woods have raised the price target for Axos Financial (NYSE:AX) from $94.00 to $100.00, indicating a potential upside of 14.60% from the company's prior close.
• Multiple firms, including DA Davidson and Needham & Company LLC, have also increased their price targets, with a consensus rating of "Moderate Buy" and an average price target of $96.83 from five Buy ratings and one Hold rating.
• In its latest quarterly earnings report, Axos Financial exceeded expectations with $1.94 earnings per share and a revenue increase of 10.5% year-over-year, reflecting strong performance in its banking operations.

Axos Financial (NYSE:AX - Get Free Report) had its price objective lifted by analysts at Keefe, Bruyette & Woods from $94.00 to $100.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective suggests a potential upside of 14.60% from the company's previous close.

AX has been the subject of several other reports. DA Davidson lifted their price objective on shares of Axos Financial from $100.00 to $106.00 and gave the stock a "buy" rating in a research note on Wednesday. Wall Street Zen raised shares of Axos Financial from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Needham & Company LLC boosted their target price on shares of Axos Financial from $102.00 to $105.00 and gave the stock a "buy" rating in a report on Monday. Finally, Raymond James Financial restated an "outperform" rating and set a $100.00 price objective (up previously from $95.00) on shares of Axos Financial in a report on Tuesday, September 23rd. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $96.83.

Axos Financial Trading Down 0.0%

Axos Financial stock opened at $87.26 on Monday. The stock has a market cap of $4.94 billion, a P/E ratio of 11.70 and a beta of 1.32. 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 1 year low of $54.46 and a 1 year high of $93.84. The firm's 50 day moving average price is $88.17 and its 200-day moving average price is $75.97.

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, beating the consensus estimate of $1.82 by $0.12. Axos Financial had a net margin of 22.24% and a return on equity of 17.11%. The firm had revenue of $321.45 million for the quarter, compared to analysts' expectations of $311.73 million. During the same quarter last year, the business posted $1.83 earnings per share. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. On average, equities analysts predict that Axos Financial will post 7.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, EVP Andrew J. Micheletti sold 13,960 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $85.38, for a total value of $1,191,904.80. Following the completion of the sale, the executive vice president directly owned 67,460 shares of the company's stock, valued at $5,759,734.80. This trade represents a 17.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Candace L. Thiele sold 700 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $90.14, for a total value of $63,098.00. Following the sale, the executive vice president directly owned 23 shares of the company's stock, valued at $2,073.22. The trade was a 96.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.85% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Axos Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Axos Financial by 25.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 109,710 shares of the company's stock worth $7,663,000 after buying an additional 22,304 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Axos Financial in the fourth quarter valued at approximately $288,000. GAMMA Investing LLC boosted its stake in shares of Axos Financial by 8,878.0% in the first quarter. GAMMA Investing LLC now owns 118,330 shares of the company's stock valued at $7,635,000 after buying an additional 117,012 shares in the last quarter. Pallas Capital Advisors LLC acquired a new position in shares of Axos Financial during the 1st quarter worth $243,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Axos Financial in the first quarter valued at approximately $750,000. Institutional investors and hedge funds 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.

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