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

Key Points

• Axos Financial received a “Moderate Buy” consensus rating from eight analysts, including five buys, one strong buy and two holds. The average 12-month price target is $115.67, with recent targets ranging from $110 to $128.
• The company exceeded quarterly expectations, reporting $2.53 in earnings per share versus the $2.16 consensus estimate and revenue of $379.77 million versus $375.54 million expected.
• AX shares opened at $97.83, near their 50-day average, while institutional investors own 83.79% of the stock. An insider recently sold 500 shares, reducing their position by 6.54%.

Shares of Axos Financial, Inc (NYSE:AX - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $115.6667.

Several analysts have recently commented on AX shares. Needham & Company LLC raised their price objective on shares of Axos Financial from $110.00 to $128.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Benchmark increased their price target on Axos Financial from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Keefe, Bruyette & Woods increased their price target on Axos Financial from $105.00 to $110.00 and gave the stock a "market perform" rating in a research note on Friday, July 31st. DA Davidson set a $121.00 price target on Axos Financial in a report on Friday, July 31st. Finally, Weiss Ratings upgraded Axos Financial from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, July 1st.

Insider Transactions at Axos Financial

In related news, Director Roque A. Santi sold 500 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total value of $52,650.00. Following the transaction, the director directly owned 7,146 shares of the company's stock, valued at approximately $752,473.80. The trade was a 6.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.85% of the company's stock.

Institutional Investors Weigh In On Axos Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. Eurizon Capital SGR S.p.A. bought a new position in shares of Axos Financial during the fourth quarter worth $26,000. Basepoint Wealth LLC purchased a new stake in Axos Financial in the 4th quarter worth $28,000. Brown Brothers Harriman & Co. bought a new position in shares of Axos Financial during the 3rd quarter valued at about $29,000. State of Wyoming bought a new position in shares of Axos Financial during the 1st quarter valued at about $30,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Axos Financial by 294.7% during the second quarter. EverSource Wealth Advisors LLC now owns 446 shares of the company's stock valued at $34,000 after purchasing an additional 333 shares in the last quarter. Institutional investors own 83.79% of the company's stock.

Axos Financial Stock Performance

Shares of AX opened at $97.83 on Monday. The business has a 50-day simple moving average of $98.10 and a two-hundred day simple moving average of $92.43. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. Axos Financial has a 52 week low of $74.89 and a 52 week high of $105.74. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 11.55 and a beta of 1.22.

Axos Financial (NYSE:AX - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.37. The business had revenue of $379.77 million for the quarter, compared to the consensus estimate of $375.54 million. Axos Financial had a net margin of 22.39% and a return on equity of 16.96%. During the same quarter in the previous year, the firm earned $1.94 earnings per share. On average, analysts expect that Axos Financial will post 9.59 EPS for the current year.

Axos Financial Company Profile

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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