Axos Financial (NYSE:AX) Hits New 52-Week High at $60.23

Axos Financial, Inc. (NYSE:AX - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $60.23 and last traded at $59.68, with a volume of 608115 shares traded. The stock had previously closed at $57.53.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $79.00 price target (up previously from $77.00) on shares of Axos Financial in a research report on Thursday. Raymond James increased their price target on shares of Axos Financial from $45.00 to $62.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 31st. Wedbush restated a "neutral" rating and issued a $60.00 price objective on shares of Axos Financial in a report on Wednesday, May 1st. StockNews.com upgraded Axos Financial from a "sell" rating to a "hold" rating in a report on Monday, February 5th. Finally, Piper Sandler raised their target price on Axos Financial from $65.00 to $68.00 and gave the company an "overweight" rating in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Axos Financial has a consensus rating of "Moderate Buy" and an average price target of $67.25.

Axos Financial Trading Up 3.7 %

The stock's fifty day simple moving average is $51.59 and its two-hundred day simple moving average is $48.99. The firm has a market cap of $3.40 billion, a PE ratio of 7.87 and a beta of 1.42. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.20.

Axos Financial (NYSE:AX - Get Free Report) last released its earnings results on Tuesday, April 30th. The company reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.21. The firm had revenue of $476.73 million for the quarter, compared to analysts' expectations of $277.85 million. Axos Financial had a return on equity of 18.57% and a net margin of 24.39%. During the same period in the prior year, the firm posted $1.35 earnings per share. On average, sell-side analysts forecast that Axos Financial, Inc. will post 6.76 EPS for the current fiscal year.

Insider Activity

In other news, EVP Andrew J. Micheletti sold 1,548 shares of the firm's stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $51.57, for a total transaction of $79,830.36. Following the sale, the executive vice president now owns 427,535 shares of the company's stock, valued at approximately $22,047,979.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Sara Wardell-Smith purchased 5,000 shares of the business's stock in a transaction on Friday, March 15th. The stock was acquired at an average price of $49.75 per share, with a total value of $248,750.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company's stock, valued at approximately $248,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew J. Micheletti sold 1,548 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $51.57, for a total transaction of $79,830.36. Following the completion of the sale, the executive vice president now directly owns 427,535 shares of the company's stock, valued at $22,047,979.95. The disclosure for this sale can be found here. Corporate insiders own 4.82% of the company's stock.

Hedge Funds Weigh In On Axos Financial

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in Axos Financial during the third quarter valued at $541,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Axos Financial by 20.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,305 shares of the company's stock valued at $352,000 after purchasing an additional 1,587 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Axos Financial by 1.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,340 shares of the company's stock worth $959,000 after purchasing an additional 392 shares during the last quarter. Emerald Advisers LLC lifted its position in shares of Axos Financial by 38.6% in the third quarter. Emerald Advisers LLC now owns 176,396 shares of the company's stock worth $6,678,000 after buying an additional 49,110 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its stake in Axos Financial by 34.6% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 162,304 shares of the company's stock valued at $6,145,000 after buying an additional 41,760 shares during the last quarter. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.