Axos Financial (NYSE:AX) Given "Neutral" Rating at Wedbush

Wedbush restated their neutral rating on shares of Axos Financial (NYSE:AX - Free Report) in a research note published on Wednesday, Benzinga reports. Wedbush currently has a $60.00 price target on the stock.

Several other research analysts have also recently weighed in on AX. Raymond James upped their price objective on shares of Axos Financial from $45.00 to $62.00 and gave the stock an outperform rating in a research report on Wednesday, January 31st. StockNews.com upgraded shares of Axos Financial from a sell rating to a hold rating in a research report on Monday, February 5th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Axos Financial has a consensus rating of Moderate Buy and a consensus price target of $63.33.

Axos Financial Stock Performance

AX traded up $4.89 during trading hours on Wednesday, hitting $55.50. The stock had a trading volume of 1,101,730 shares, compared to its average volume of 550,357. The company's fifty day simple moving average is $51.31 and its 200 day simple moving average is $48.58. Axos Financial has a 1 year low of $32.05 and a 1 year high of $60.00. The stock has a market cap of $3.16 billion, a PE ratio of 8.43 and a beta of 1.44. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.24.

Axos Financial (NYSE:AX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.21. The company had revenue of $476.73 million during the quarter, compared to analyst estimates of $277.85 million. Axos Financial had a return on equity of 17.83% and a net margin of 24.55%. During the same quarter last year, the firm posted $1.35 EPS. Equities analysts anticipate that Axos Financial will post 6.45 earnings per share for the current year.

Insider Activity

In other Axos Financial 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 bought at an average price of $49.75 per share, for a total transaction of $248,750.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at $248,750. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Axos Financial 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 bought at an average price of $49.75 per share, for a total transaction of $248,750.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at $248,750. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew J. Micheletti sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $52.89, for a total value of $132,225.00. Following the transaction, the executive vice president now owns 422,583 shares of the company's stock, valued at approximately $22,350,414.87. The disclosure for this sale can be found here. Insiders own 4.82% of the company's stock.

Hedge Funds Weigh In On Axos Financial

A number of institutional investors have recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC raised its holdings in Axos Financial by 1.2% in the fourth quarter. SummerHaven Investment Management LLC now owns 17,185 shares of the company's stock worth $938,000 after purchasing an additional 206 shares in the last quarter. Covestor Ltd increased its holdings in shares of Axos Financial by 34.1% during the third quarter. Covestor Ltd now owns 1,302 shares of the company's stock valued at $49,000 after acquiring an additional 331 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of Axos Financial by 1.6% during the third quarter. D.A. Davidson & CO. now owns 24,403 shares of the company's stock valued at $924,000 after acquiring an additional 385 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Axos Financial by 1.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,340 shares of the company's stock valued at $959,000 after acquiring an additional 392 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Axos Financial by 8.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,318 shares of the company's stock valued at $290,000 after acquiring an additional 394 shares in the last quarter. Institutional investors own 83.79% of the company's stock.

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.