Axos Financial, Inc. (NYSE:AX) Receives $67.25 Consensus Target Price from Analysts

Shares of Axos Financial, Inc. (NYSE:AX - Get Free Report) have been given a consensus rating of "Moderate Buy" by the four ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $67.25.

Several research analysts recently issued reports on AX shares. Piper Sandler upped their target price on shares of Axos Financial from $65.00 to $68.00 and gave the stock an "overweight" rating in a research report on Wednesday. Raymond James boosted their price objective on shares of Axos Financial from $45.00 to $62.00 and gave the company an "outperform" rating in a research report on Wednesday, January 31st. Wedbush reaffirmed a "neutral" rating and set a $60.00 price objective on shares of Axos Financial in a research note on Wednesday. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $79.00 price objective (up previously from $77.00) on shares of Axos Financial in a research note on Thursday. Finally, StockNews.com upgraded shares of Axos Financial from a "sell" rating to a "hold" rating in a report on Monday, February 5th.

Insider Buying and Selling

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

Institutional Investors Weigh In On Axos Financial

A number of large investors have recently modified their holdings of AX. Dimensional Fund Advisors LP raised its stake in shares of Axos Financial by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,724,331 shares of the company's stock valued at $148,755,000 after acquiring an additional 134,266 shares during the period. Davis Asset Management L.P. lifted its stake in Axos Financial by 5.3% during the third quarter. Davis Asset Management L.P. now owns 1,500,000 shares of the company's stock worth $56,790,000 after purchasing an additional 75,000 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Axos Financial by 152.8% in the third quarter. American Century Companies Inc. now owns 1,395,715 shares of the company's stock valued at $52,842,000 after buying an additional 843,606 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Axos Financial by 5.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,376,615 shares of the company's stock valued at $52,119,000 after buying an additional 74,649 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Axos Financial by 114.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company's stock valued at $43,428,000 after buying an additional 423,930 shares during the period. Hedge funds and other institutional investors own 83.79% of the company's stock.

Axos Financial Stock Up 3.3 %

Shares of AX traded up $1.81 during trading hours on Thursday, hitting $57.31. The stock had a trading volume of 805,011 shares, compared to its average volume of 553,352. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 1.07. Axos Financial has a 1-year low of $32.05 and a 1-year high of $60.00. The firm has a 50 day simple moving average of $51.37 and a 200-day simple moving average of $48.63. The firm has a market capitalization of $3.26 billion, a P/E ratio of 7.54 and a beta of 1.42.

Axos Financial (NYSE:AX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.21. Axos Financial had a net margin of 24.39% and a return on equity of 19.05%. The business had revenue of $476.73 million during the quarter, compared to the consensus estimate of $277.85 million. During the same quarter last year, the company posted $1.35 earnings per share. Sell-side analysts predict that Axos Financial will post 6.45 EPS for the current fiscal year.

Axos Financial Company Profile

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.