Axos Financial - AX Stock Forecast, Price & News

Axos Financial, Inc., together with its subsidiaries, provides consumer and business banking products in the United States. It operates through Banking Business and Securities Business segments. 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 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 term 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 messaging 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.

Axos Financial Price Performance

AX Stock traded up $0.28 during midday trading on Tuesday, reaching $43.08. 248,078 shares of the company's stock traded hands, compared to its average volume of 348,626. The company has a 50-day simple moving average of $37.98 and a two-hundred day simple moving average of $43.03. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.55. Axos Financial has a 1-year low of $34.11 and a 1-year high of $62.44. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 11.34 and a beta of 1.46.

Axos Financial (NYSE:AX - Get Rating) last announced its earnings results on Thursday, August 4th. The company reported $0.96 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.03). Axos Financial had a net margin of 31.52% and a return on equity of 16.50%. The business had revenue of $192.50 million during the quarter, compared to analyst estimates of $179.34 million. During the same quarter last year, the business posted $0.92 earnings per share. The business's quarterly revenue was up 21.5% compared to the same quarter last year. On average, analysts anticipate that Axos Financial will post 4.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AX. B. Riley dropped their price target on shares of Axos Financial from $58.00 to $49.00 in a research report on Monday, July 11th. Keefe, Bruyette & Woods upgraded Axos Financial from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $52.00 to $56.00 in a research report on Monday, July 11th. Wedbush cut Axos Financial from an "outperform" rating to a "neutral" rating and set a $40.00 price target on the stock. in a research report on Thursday, June 30th. DA Davidson lifted their price objective on Axos Financial to $53.00 in a report on Tuesday. Finally, Piper Sandler lowered their target price on shares of Axos Financial from $62.00 to $50.00 in a report on Friday, April 29th.

Insiders Place Their Bets

In other news, Director Paul Grinberg sold 2,985 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $41.04, for a total transaction of $122,504.40. Following the sale, the director now directly owns 59,749 shares of the company's stock, valued at $2,452,098.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.73% of the company's stock.