NYSE:AX

Axos Financial - AX Stock Forecast, Price & News

$40.24

+0.49 (+1.23%)

(As of 11/25/2022 04:00 PM ET)

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Today's Range: $39.77
▼
$40.68
50-Day Range: $34.82
▼
$42.64
52-Week Range: $33.91
▼
$61.79

Volume: 104,327 shs
Average Volume: 335,015 shs
Market Capitalization: $2.41 billion

P/E Ratio: 10.19
Dividend Yield: N/A
Price Target: $48.33

Axos Financial MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 20.1% Upside
$48.33 Price Target
Short Interest: Bearish
4.39% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.15
Based on 2 Articles This Week
Insider Trading: Selling Shares
$85,080 Sold Last Quarter
Proj. Earnings Growth: 5.98%
From $4.68 to $4.96 Per Share

Overall MarketRank^™

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

1.86 out of 5 stars

Finance Sector

721st out of 894 stocks

Federal Savings Institutions Industry

30th out of 40 stocks

2.5

Analyst's Opinion

Consensus Rating
Axos Financial has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $48.33, Axos Financial has a forecasted upside of 20.1% from its current price of $40.24.
Amount of Analyst Coverage
Axos Financial has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.39% 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 7.5.
Change versus previous month
Short interest in Axos Financial has recently increased by 3.98%, 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.

1.0

News and Social Media Coverage

News Sentiment
Axos Financial has a news sentiment score of -0.15. 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 0.66 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Axos Financial this week, compared to 2 articles on an average week.
MarketBeat Follows
Only 1 people have added Axos Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% 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 $85,080.00 in company stock.
Percentage Held by Insiders
Only 4.81% of the stock of Axos Financial is held by insiders.
Percentage Held by Institutions
77.84% 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 5.98% in the coming year, from $4.68 to $4.96 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Axos Financial is 10.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.63.
Price to Earnings Ratio vs. Sector
The P/E ratio of Axos Financial is 10.19, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 175.68.
Price to Book Value per Share Ratio
Axos Financial has a P/B Ratio of 1.42. 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.

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AX Stock News Headlines

November 22, 2022 | finance.yahoo.com

Axos Bank Review 2022: 7 checking account options and rewards, but low APY on high-yield savings

November 20, 2022 | americanbankingnews.com

Insider Selling: Axos Financial, Inc. (NYSE:AX) SVP Sells $85,080.00 in Stock

November 17, 2022 | cnet.com

Best 3-Month CD Rates for November

November 17, 2022 | americanbankingnews.com

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

November 16, 2022 | msn.com

Nationwide Review | Mortgage Refinance | Money

November 16, 2022 | time.com

UFB Direct Offers the Highest Savings Rate Right Now. What Else to Know About Saving with This Online Bank

November 15, 2022 | finance.yahoo.com

Axos Invest Launches FundFinder+ with LOGICLY Tool Designed for Self-Directed Investors

November 14, 2022 | cnet.com

Best 1-Month CD Rates for November 2022

November 10, 2022 | cnet.com

Best 6-Month CD Rates for November 2022

November 1, 2022 | finance.yahoo.com

Best Value Stocks to Buy for November 1st

October 28, 2022 | seekingalpha.com

Axos Financial, Inc. (AX) Q1 2023 Earnings Call Transcript

October 27, 2022 | finance.yahoo.com

Axos Financial (AX) Beats Q1 Earnings and Revenue Estimates

October 27, 2022 | finance.yahoo.com

Axos Financial, Inc. Reports First Quarter Fiscal 2023 Results

October 27, 2022 | msn.com

Future of Trump Tower less rosy with taxes up and revenue down: Forbes

October 26, 2022 | finance.yahoo.com

Can Axos Financial (AX) Climb 42% to Reach the Level Wall Street Analysts Expect?

October 25, 2022 | finance.yahoo.com

Synchrony Financial's (SYF) Q3 Earnings Beat on Purchase Volume

October 18, 2022 | nasdaq.com

Can American Express' (AXP) Q3 Earnings Beat on Estimates?

October 17, 2022 | msn.com

Best banks for early direct deposit in 2022

October 14, 2022 | msn.com

Best 4-year CD rates – October 2022

October 14, 2022 | businessinsider.com

Axos Bank review: Earn high interest rates and use a great rewards checking account

October 14, 2022 | finance.yahoo.com

Best Value Stocks to Buy for October 14th

October 13, 2022 | msn.com

8 banks that reimburse ATM fees

October 10, 2022 | markets.businessinsider.com

Horter Investment Management Expands Advisor Support, Adding Specialists in Paraplanning and New Business Support Areas

October 7, 2022 | nz.finance.yahoo.com

Salary Finance Anoints October as "Crush Your Debt" Month

October 3, 2022 | finance.yahoo.com

Down 15.2% in 4 Weeks, Here's Why You Should You Buy the Dip in Axos Financial (AX)

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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AX Company Calendar

Last Earnings: 10/27/2021
Today: 11/25/2022
Next Earnings (Estimated): 1/26/2023
Fiscal Year End: 6/30/2023

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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: 1,335
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $48.33
High Stock Price Forecast: $56.00
Low Stock Price Forecast: $40.00
Forecasted Upside/Downside: +20.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.95
Trailing P/E Ratio: 10.19
Forward P/E Ratio: 8.60
P/E Growth: N/A
Net Income: $240.72 million
Net Margins: 28.47%
Pretax Margin: 40.27%
Return on Equity: 16.49%
Return on Assets: 1.58%

Debt

Debt-to-Equity Ratio: 0.37
Current Ratio: 1.09
Quick Ratio: 1.09

Sales & Book Value

Annual Sales: $773.09 million
Price / Sales: 3.12
Cash Flow: $4.84 per share
Price / Cash Flow: 8.32
Book Value: $28.35 per share
Price / Book: 1.42

Miscellaneous

Outstanding Shares: 59,999,000
Free Float: 57,113,000
Market Cap: $2.41 billion
Optionable: Optionable
Beta: 1.45

Key Executives

Mr. Gregory Garrabrants C.F.A. (Age 50)
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 66)
Exec. VP & COO
Comp: $911.6k

Mr. Andrew J. Micheletti CPA(inactive) (Age 65)
Exec. VP of Fin.
Comp: $586.6k

Mr. Thomas M. Constantine (Age 60)
Exec. VP & Chief Credit Officer
Comp: $756.6k

Mr. Brian D. Swanson (Age 42)
Exec. VP & Head of Consumer Bank
Comp: $705.75k

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

Mr. Eshel Bar-Adon (Age 67)
Exec. VP of Specialty Fin. & Chief Legal Officer

Mr. John Charles Tolla (Age 45)
Exec. VP, Chief Governance, Risk & Compliance Officer

Mr. Craig Cross
Chief Operating Officer of 1st Mortgage Lending

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 analysts have issued "buy," "hold," and "sell" ratings for Axos Financial in the last year. There are currently 1 hold rating, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" AX shares.
View AX analyst ratings or view top-rated stocks.
What is Axos Financial's stock price forecast for 2023?: 4 analysts have issued 12 month target prices for Axos Financial's stock. Their AX share price forecasts range from $40.00 to $56.00. On average, they expect the company's share price to reach $48.33 in the next twelve months. This suggests a possible upside of 20.1% 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 2022?: Axos Financial's stock was trading at $55.91 at the beginning of the year. Since then, AX shares have decreased by 28.0% and is now trading at $40.24.
View the best growth stocks for 2022 here.
Are investors shorting Axos Financial?: Axos Financial saw a increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,260,000 shares, an increase of 6.1% from the September 30th total of 2,130,000 shares. Based on an average daily volume of 299,300 shares, the days-to-cover ratio is currently 7.6 days. Approximately 4.2% of the shares of the company 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, January 26th 2023.
View our AX earnings forecast.
How were Axos Financial's earnings last quarter?: Axos Financial, Inc. (NYSE:AX) announced its earnings results on Wednesday, October, 27th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.10. The firm had revenue of $173.34 million for the quarter, compared to the consensus estimate of $167.06 million. Axos Financial had a trailing twelve-month return on equity of 16.49% and a net margin of 28.47%. Axos Financial's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 EPS.

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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.28%), Vanguard Group Inc. (9.91%), Dimensional Fund Advisors LP (3.58%), State Street Corp (3.47%), Fred Alger Management LLC (1.96%) and Geneva Capital Management LLC (1.59%). Insiders that own company stock include Andrew J Micheletti, Brian D Swanson, David X Park, Eshel Bar-Adon, J Brandon Black, 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 $40.24.
How much money does Axos Financial make?: Axos Financial (NYSE:AX) has a market capitalization of $2.41 billion and generates $773.09 million in revenue each year. The company earns $240.72 million in net income (profit) each year or $3.95 on an earnings per share basis.
How many employees does Axos Financial have?: The company employs 1,335 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 11/26/2022 by MarketBeat.com Staff

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