Axos Financial, Inc (NYSE:AX) Stock Has Average Price Target of $115.67

Key Points

• Axos Financial has a “Moderate Buy” consensus rating from eight analysts, with an average 12-month price target of $115.67. Recent targets range from $110 to $128.
• The company reported quarterly EPS of $2.53, beating estimates of $2.16, while revenue reached $379.77 million versus expectations of $375.54 million.
• Shares opened at $87.88, compared with a 52-week range of $74.89 to $105.74. Institutional investors own 83.79% of the stock, while an insider recently sold 500 shares.

Axos Financial, Inc (NYSE:AX - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $115.67.

Several analysts recently commented on AX shares. Benchmark increased their target price on shares of Axos Financial from $115.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. DA Davidson set a $121.00 price target on shares of Axos Financial in a research report on Friday, July 31st. Keefe, Bruyette & Woods lifted their price target on shares of Axos Financial from $105.00 to $110.00 and gave the stock a "market perform" rating in a research report on Friday, July 31st. Weiss Ratings raised Axos Financial from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, October 9th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $128.00 price objective on shares of Axos Financial in a research report on Monday, October 5th.

Axos Financial Stock Performance

NYSE:AX opened at $87.88 on Tuesday. Axos Financial has a twelve month low of $74.89 and a twelve month high of $105.74. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average of $93.00 and a 200-day moving average of $92.89. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 10.37 and a beta of 1.28.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.37. Axos Financial had a net margin of 22.39% and a return on equity of 16.96%. The company had revenue of $379.77 million for the quarter, compared to analysts' expectations of $375.54 million. During the same quarter in the previous year, the company posted $1.94 EPS. Analysts forecast that Axos Financial will post 9.69 earnings per share for the current fiscal year.

Insider Buying and Selling at Axos Financial

In related news, Director Roque Santi sold 500 shares of Axos Financial stock in a transaction 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 in the company, valued at $752,473.80. The trade was a 6.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Axos Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC increased its position in shares of Axos Financial by 4.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,544 shares of the company's stock worth $220,000 after purchasing an additional 117 shares in the last quarter. Abel Hall LLC lifted its holdings in Axos Financial by 3.0% during the 3rd quarter. Abel Hall LLC now owns 4,300 shares of the company's stock valued at $372,000 after purchasing an additional 124 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Axos Financial by 18.9% during the 3rd quarter. Versant Capital Management Inc now owns 842 shares of the company's stock valued at $73,000 after purchasing an additional 134 shares during the last quarter. Arcus Capital Partners LLC lifted its holdings in Axos Financial by 5.3% during the 2nd quarter. Arcus Capital Partners LLC now owns 2,775 shares of the company's stock valued at $270,000 after purchasing an additional 139 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in Axos Financial by 7.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,186 shares of the company's stock valued at $188,000 after purchasing an additional 146 shares during the last quarter. 83.79% of the stock is owned by institutional investors and hedge funds.

About Axos Financial

Axos Financial, Inc is a financial holding company that operates primarily through Axos Bank, a nationwide digital bank. The company provides personal and business banking products, including checking and savings accounts, certificates of deposit, mortgage and home-equity loans, commercial lending, and other deposit and credit services. Its digital-first model allows customers to access accounts and financial services online and through mobile platforms.

Through its institutional businesses, Axos also provides securities clearing, custody, and related brokerage services to registered investment advisers, broker-dealers, and other financial institutions.

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