NYSE:AX

Axos Financial (AX) Stock Forecast, Price & News

$39.30

-0.01 (-0.03%)

(As of 09/20/2023 ET)

Compare

Today's Range: $39.29
▼
$40.07
50-Day Range: $39.30
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$48.71
52-Week Range: $33.15
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$51.46

Volume: 598,071 shs
Average Volume: 478,612 shs
Market Capitalization: $2.36 billion

P/E Ratio: 7.71
Dividend Yield: N/A
Price Target: $54.60

Axos Financial MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 38.9% Upside
$54.60 Price Target
Short Interest: Bearish
8.82% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.38
Based on 9 Articles This Week
Insider Trading: Selling Shares
$5.90 M Sold Last Quarter
Proj. Earnings Growth: 5.72%
From $5.42 to $5.73 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.09 out of 5 stars

Finance Sector

596th out of 828 stocks

Federal Savings Institutions Industry

24th out of 30 stocks

3.4

Analyst's Opinion

Consensus Rating
Axos Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $54.60, Axos Financial has a forecasted upside of 38.9% from its current price of $39.30.
Amount of Analyst Coverage
Axos Financial has only been the subject of 1 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
8.82% of the float of Axos Financial has been sold short.
Short Interest Ratio / Days to Cover
Axos Financial has a short interest ratio ("days to cover") of 11, which indicates bearish sentiment.
Change versus previous month
Short interest in Axos Financial has recently increased by 3.96%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Axos Financial does not currently pay a dividend.
Dividend Growth
Axos Financial does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for AX.

2.4

News and Social Media Coverage

News Sentiment
Axos Financial has a news sentiment score of 0.38. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Axos Financial this week, compared to 5 articles on an average week.
Search Interest
Only 2 people have searched for AX on MarketBeat in the last 30 days. This is a decrease of -78% compared to the previous 30 days.
MarketBeat Follows
2 people have added Axos Financial to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Axos Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,904,052.00 in company stock.
Percentage Held by Insiders
Only 4.81% of the stock of Axos Financial is held by insiders.
Percentage Held by Institutions
80.23% of the stock of Axos Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Axos Financial are expected to grow by 5.72% in the coming year, from $5.42 to $5.73 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Axos Financial is 7.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.11.
Price to Earnings Ratio vs. Sector
The P/E ratio of Axos Financial is 7.71, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 92.48.
Price to Book Value per Share Ratio
Axos Financial has a P/B Ratio of 1.22. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Axos Financial (NYSE:AX) Stock

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. It also provides residential single family, multifamily, and commercial mortgage loans; commercial real estate secured loans; commercial and industrial non-real estate, asset-backed, lines of credit, and term loans; automobile loans; fixed rate unsecured loans; and other loans, such as structure settlements, small business administration consumer loans, and securities-backed loans. In addition, the company offers ACH origination, wire transfer, commercial check printing, business bill pay and account transfer; remote deposit capture, mobile deposit, lockbox, merchant, and online payment portal; concierge banking; mobile and text message banking; and payment services, as well as debit and credit cards, and digital wallets. Further, it provides disclosed clearing services; back-office services, such as record keeping, trade reporting, accounting, general back-office support, securities and margin lending, reorganization assistance, and custody of securities; and financing to brokerage customers. The company was formerly known as BofI Holding, Inc. and changed its name to Axos Financial, Inc. in September 2018. Axos Financial, Inc. was incorporated in 1999 and is based in Las Vegas, Nevada.

AX Price History

30 days | 90 days | 365 days | Advanced Chart

AX Stock News Headlines

September 20, 2023 | americanbankingnews.com

Axos Financial Target of Unusually Large Options Trading (NYSE:AX)

September 19, 2023 | businessinsider.com

Axos Business Banking Review 2023

September 21, 2023 | Chaikin Analytics (Ad)

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EVP At This Financials Company Sells $213K of Stock

September 19, 2023 | benzinga.com

David Park Axos Financial, Inc

September 19, 2023 | americanbankingnews.com

Insider Selling: Axos Financial, Inc. (NYSE:AX) EVP Sells 5,000 Shares of Stock

September 11, 2023 | msn.com

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September 10, 2023 | msn.com

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September 7, 2023 | msn.com

Six Best Online Banks for September 2023

September 5, 2023 | markets.businessinsider.com

Piper Sandler Reaffirms Their Buy Rating on Axos Financial (AX)

September 3, 2023 | msn.com

I'm Risking 15% of My Portfolio in These 9 Bank Stocks: Brilliant Move or Future Regret?

August 30, 2023 | msn.com

Axos vs. LendingClub: Which offers better personal loans?

August 27, 2023 | finance.yahoo.com

Downgrades a Warning Sign for Banks? Not So Fast! 3 Bargain Bank Stocks to Buy Now

August 24, 2023 | finance.yahoo.com

Bargain Hunting for Stocks: Down 35%, It's Time to Buy This Incredible, High-Growth Bank Stock

August 21, 2023 | finance.yahoo.com

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August 16, 2023 | fool.com

Carver Federal Savings Bank Community Free Checking Review: Fee-Free Checking From a Community-Minded Bank

August 12, 2023 | msn.com

CEO Of Trump’s New Lender Sells $11 Million Of His Bank’s Stock

August 9, 2023 | msn.com

$3.1 Billion RIA Moves Away From Schwab's Custody Platform

August 5, 2023 | finance.yahoo.com

Why Finance Stocks Like Upstart and Axos Financial Soared Today

August 4, 2023 | benzinga.com

President and CEO of Axos Financial Sold $8.51M In Stock

August 3, 2023 | benzinga.com

Robo Advisory Market to Reach $129.46 Billion, Globally, by 2032 at 32.5% CAGR: Allied Market Research

July 30, 2023 | markets.businessinsider.com

Coastal Financial (CCB) Receives a Buy from Raymond James

July 28, 2023 | msn.com

Axos Financial Non-GAAP EPS of $1.50 beats by $0.23, revenue of $236.46M beats by $7.8M

July 28, 2023 | markets.businessinsider.com

Wedbush Sticks to Their Hold Rating for Axos Financial (AX)

July 28, 2023 | finance.yahoo.com

Axos Financial, Inc. Announces 52% Growth in Diluted EPS to $1.46

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AX Company Calendar

Last Earnings: 7/27/2023
Today: 9/21/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 6/30/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Federal savings institutions
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:AX
CUSIP: N/A
CIK: 1299709
Web: axosfinancial.com
Phone: (858) 649-2218
Fax: 858-350-0443
Employees: 1,455
Year Founded: 2000

Price Target and Rating

Average Stock Price Forecast: $54.60
High Stock Price Forecast: $63.00
Low Stock Price Forecast: $48.00
Forecasted Upside/Downside: +38.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.10
Trailing P/E Ratio: 7.71
Forward P/E Ratio: 7.25
P/E Growth: N/A
Net Income: $307.17 million
Net Margins: 24.04%
Pretax Margin: 33.79%
Return on Equity: 18.00%
Return on Assets: 1.69%

Debt

Debt-to-Equity Ratio: 0.27
Current Ratio: 1.08
Quick Ratio: 1.08

Sales & Book Value

Annual Sales: $1.28 billion
Price / Sales: 1.85
Cash Flow: $5.71 per share
Price / Cash Flow: 6.88
Book Value: $32.30 per share
Price / Book: 1.22

Miscellaneous

Outstanding Shares: 60,000,000
Free Float: 57,114,000
Market Cap: $2.36 billion
Optionable: Optionable
Beta: 1.49

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Key Executives

Mr. Gregory Garrabrants C.F.A. (Age 51)
J.D., Pres, CEO & Director
Comp: $4.94M

Mr. Derrick K. Walsh CPA (Age 40)
Exec. VP & CFO
Comp: $739.75k

Mr. Raymond D. Matsumoto (Age 67)
Exec. VP & COO
Comp: $911.6k

Mr. Andrew J. Micheletti CPA(inactive) (Age 66)
Exec. VP of Fin.
Comp: $586.6k

Mr. Thomas M. Constantine (Age 61)
Exec. VP & Chief Credit Officer
Comp: $756.6k

Mr. Brian D. Swanson (Age 43)
Exec. VP & Head of Consumer Bank
Comp: $705.75k

Ms. Candace L. Thiele
Exec. VP & Chief Admin. Officer

Mr. Johnny Y. Lai CFA
Sr. VP of Corp. Devel. & Investor Relations

Mr. Eshel Bar-Adon (Age 68)
Exec. VP of Specialty Fin. & Chief Legal Officer

Mr. John Charles Tolla (Age 46)
Exec. VP, Chief Governance, Risk & Compliance Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AX Stock - Frequently Asked Questions

Should I buy or sell Axos Financial stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Axos Financial in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AX shares.
View AX analyst ratings or view top-rated stocks.
What is Axos Financial's stock price forecast for 2023?: 4 Wall Street analysts have issued 12-month target prices for Axos Financial's stock. Their AX share price forecasts range from $48.00 to $63.00. On average, they anticipate the company's share price to reach $54.60 in the next year. This suggests a possible upside of 38.9% from the stock's current price.
View analysts price targets for AX or view top-rated stocks among Wall Street analysts.
How have AX shares performed in 2023?: Axos Financial's stock was trading at $38.22 at the beginning of 2023. Since then, AX shares have increased by 2.8% and is now trading at $39.30.
View the best growth stocks for 2023 here.
Are investors shorting Axos Financial?: Axos Financial saw a increase in short interest in August. As of August 15th, there was short interest totaling 4,540,000 shares, an increase of 9.7% from the July 31st total of 4,140,000 shares. Based on an average daily volume of 443,300 shares, the days-to-cover ratio is currently 10.2 days. Approximately 8.6% of the shares of the stock are sold short.
View Axos Financial's Short Interest.
When is Axos Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our AX earnings forecast.
How were Axos Financial's earnings last quarter?: Axos Financial, Inc. (NYSE:AX) issued its quarterly earnings data on Thursday, July, 27th. The company reported $1.50 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.23. The firm earned $236.46 million during the quarter, compared to analyst estimates of $227.98 million. Axos Financial had a trailing twelve-month return on equity of 18.00% and a net margin of 24.04%.
What ETFs hold Axos Financial's stock?: ETFs with the largest weight of Axos Financial (NYSE:AX) stock in their portfolio include The Acquirers Fund (ZIG), Schwab Crypto Thematic ETF (STCE), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), Invesco S&P SmallCap Financials ETF (PSCF), SPDR S&P Regional Banking ETF (KRE), Direxion Daily Regional Banks Bull 3x Shares (DPST) and Avantis U.S. Small Cap Equity ETF (AVSC).SPDR S&P 600 Small Cap ETF (SLY).
What is Gregory Garrabrants' approval rating as Axos Financial's CEO?: 78 employees have rated Axos Financial Chief Executive Officer Gregory Garrabrants on Glassdoor.com. Gregory Garrabrants has an approval rating of 61% among the company's employees. This puts Gregory Garrabrants in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Axos Financial own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Axos Financial investors own include NVIDIA (NVDA), Alibaba Group (BABA), Block (SQ), Trade Desk (TTD), Appian (APPN), iQIYI (IQ), Netflix (NFLX), Roku (ROKU), Alteryx (AYX) and Salesforce (CRM).
What is Axos Financial's stock symbol?: Axos Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "AX."
Who are Axos Financial's major shareholders?: Axos Financial's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.21%), State Street Corp (5.00%), Dimensional Fund Advisors LP (4.31%), Wasatch Advisors LP (2.51%), Geode Capital Management LLC (1.81%) and Epoch Investment Partners Inc. (1.58%). Insiders that own company stock include Andrew J Micheletti, Brian D Swanson, David X Park, Gregory Garrabrants, Mosich Nick, Paul Grinberg, Ron Pitters and Thomas M Constantine.
View institutional ownership trends.
How do I buy shares of Axos Financial?: Shares of AX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Axos Financial's stock price today?: One share of AX stock can currently be purchased for approximately $39.30.
How much money does Axos Financial make?: Axos Financial (NYSE:AX) has a market capitalization of $2.36 billion and generates $1.28 billion in revenue each year. The company earns $307.17 million in net income (profit) each year or $5.10 on an earnings per share basis.
How many employees does Axos Financial have?: The company employs 1,455 workers across the globe.
How can I contact Axos Financial?: Axos Financial's mailing address is 9205 West Russell Road STE 400, Las Vegas NV, 89148. The official website for the company is axosfinancial.com. The company can be reached via phone at (858) 649-2218, via email at investors@axosfinancial.com, or via fax at 858-350-0443.

This page (NYSE:AX) was last updated on 9/21/2023 by MarketBeat.com Staff

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