Axos Financial's (AX) "Outperform" Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their outperform rating on shares of Axos Financial (NYSE:AX - Free Report) in a research report released on Thursday, Benzinga reports. The brokerage currently has a $79.00 price objective on the stock, up from their prior price objective of $77.00.

A number of other research analysts also recently weighed in on AX. Raymond James increased their target price 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. Piper Sandler increased their target price on shares of Axos Financial from $65.00 to $68.00 and gave the company an overweight rating in a research report on Wednesday. StockNews.com raised shares of Axos Financial from a sell rating to a hold rating in a research report on Monday, February 5th. Finally, Wedbush reaffirmed a neutral rating and issued a $60.00 price objective on shares of Axos Financial in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $67.25.

Axos Financial Stock Up 3.3 %

AX stock traded up $1.81 during trading on Thursday, reaching $57.31. The stock had a trading volume of 805,011 shares, compared to its average volume of 553,352. Axos Financial has a one year low of $32.05 and a one year high of $60.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.24. The company's 50 day moving average is $51.37 and its two-hundred day moving average is $48.63. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 7.54 and a beta of 1.42.

Axos Financial (NYSE:AX - Get Free Report) last issued 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 period in the prior year, the firm posted $1.35 EPS. Equities research analysts forecast that Axos Financial will post 6.45 EPS for the current year.

Insiders Place Their Bets

In other news, Director Sara Wardell-Smith bought 5,000 shares of the stock in a transaction on Friday, March 15th. The shares were acquired 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 of the company's stock, valued at approximately $248,750. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Axos Financial news, EVP Andrew J. Micheletti sold 1,548 shares of the 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 sale, the executive vice president now directly owns 427,535 shares in the company, valued at approximately $22,047,979.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sara Wardell-Smith acquired 5,000 shares of the stock in a transaction dated 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 transaction, the director now owns 5,000 shares in the company, valued at approximately $248,750. The disclosure for this purchase can be found here. Corporate insiders own 4.82% of the company's stock.

Institutional Trading of Axos Financial

Several institutional investors and hedge funds have recently made changes to their positions in AX. American Century Companies Inc. raised its position in shares of Axos Financial by 152.8% during the 3rd 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. Goldman Sachs Group Inc. grew its holdings in shares of Axos Financial by 114.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 795,381 shares of the company's stock valued at $43,428,000 after purchasing an additional 423,930 shares during the last quarter. Norges Bank bought a new position in shares of Axos Financial during the 4th quarter valued at $21,573,000. Cubist Systematic Strategies LLC grew its holdings in shares of Axos Financial by 167.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 369,759 shares of the company's stock valued at $20,189,000 after purchasing an additional 231,722 shares during the last quarter. Finally, Eagle Asset Management Inc. bought a new position in shares of Axos Financial during the 4th quarter valued at $7,471,000. Hedge funds and other 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.