AXOS FINANCIAL (NYSE:AX) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of AXOS FINANCIAL (NYSE:AX - Free Report) from a sell rating to a hold rating in a research report sent to investors on Friday.

Several other equities analysts also recently commented on the company. Jefferies Financial Group began coverage on AXOS FINANCIAL in a research report on Wednesday, May 21st. They issued a "buy" rating and a $90.00 target price on the stock. DA Davidson cut their price target on AXOS FINANCIAL from $88.00 to $84.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Raymond James Financial reiterated an "outperform" rating and issued a $72.00 price target (down from $80.00) on shares of AXOS FINANCIAL in a research note on Friday, May 2nd. Piper Sandler cut their price target on 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, Needham & Company LLC reiterated a "buy" rating and issued a $88.00 price target on shares of AXOS FINANCIAL in a research note on Monday, June 9th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $82.71.

AXOS FINANCIAL Stock Performance

Shares of AXOS FINANCIAL stock traded down $0.79 on Friday, hitting $76.06. The stock had a trading volume of 314,817 shares, compared to its average volume of 470,570. AXOS FINANCIAL has a twelve month low of $54.46 and a twelve month high of $88.46. The business's 50 day moving average is $69.63 and its two-hundred day moving average is $68.08. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.19. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 10.36 and a beta of 1.29.

AXOS FINANCIAL (NYSE:AX - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.74 by $0.07. AXOS FINANCIAL had a return on equity of 17.58% and a net margin of 21.93%. The company had revenue of $432.72 million for the quarter, compared to the consensus estimate of $305.04 million. During the same quarter in the prior year, the business earned $1.91 earnings per share. Analysts forecast that AXOS FINANCIAL will post 7.22 EPS for the current year.

AXOS FINANCIAL announced that its board has authorized a stock repurchase program on Monday, May 12th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to repurchase up to 2.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other AXOS FINANCIAL news, Director Paul Grinberg sold 30,000 shares of the company's stock in a transaction 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 completion of the sale, the director directly owned 113,295 shares in the company, valued at $7,714,256.55. This represents a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.07% of the stock is owned by insiders.

Institutional Investors Weigh In On AXOS FINANCIAL

Several institutional investors and hedge funds have recently added to or reduced their stakes in AX. Heck Capital Advisors LLC bought a new stake in shares of AXOS FINANCIAL during the fourth quarter worth $35,000. NewEdge Advisors LLC lifted its stake in shares of AXOS FINANCIAL by 1,700.0% in the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company's stock valued at $63,000 after acquiring an additional 850 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of AXOS FINANCIAL by 238.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock valued at $77,000 after acquiring an additional 773 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of AXOS FINANCIAL by 206.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,261 shares of the company's stock valued at $88,000 after acquiring an additional 849 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of AXOS FINANCIAL by 425.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,509 shares of the company's stock valued at $107,000 after acquiring an additional 1,222 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors.

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.