Analysts Set Axos Financial, Inc. (NYSE:AX) PT at $84.17

Shares of Axos Financial, Inc. (NYSE:AX) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $84.17.

Several equities research analysts recently issued reports on the stock. DA Davidson dropped their price target on shares of Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Keefe, Bruyette & Woods reduced their price target on Axos Financial from $91.00 to $90.00 and set a “market perform” rating for the company in a report on Wednesday, January 29th. Raymond James restated an “outperform” rating and set a $80.00 price objective (up from $75.00) on shares of Axos Financial in a report on Wednesday, January 29th. Finally, Needham & Company LLC raised their price target on shares of Axos Financial from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th.

Insider Activity

In other news, Director Sara Wardell-Smith acquired 3,000 shares of Axos Financial stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the purchase, the director now directly owns 10,250 shares of the company’s stock, valued at $663,482.50. This trade represents a 41.38 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 5.07% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Heck Capital Advisors LLC acquired a new stake in Axos Financial during the fourth quarter worth about $35,000. Kestra Investment Management LLC acquired a new stake in shares of Axos Financial during the 4th quarter worth approximately $52,000. NewEdge Advisors LLC lifted its holdings in shares of Axos Financial by 1,700.0% in the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company’s stock worth $63,000 after purchasing an additional 850 shares during the last quarter. R Squared Ltd acquired a new position in Axos Financial during the 4th quarter valued at approximately $66,000. Finally, SRS Capital Advisors Inc. grew its stake in Axos Financial by 238.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company’s stock worth $77,000 after buying an additional 773 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors.

Axos Financial Price Performance

Shares of NYSE AX opened at $60.21 on Thursday. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 8.09 and a beta of 1.33. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. Axos Financial has a 1-year low of $44.10 and a 1-year high of $88.46. The business has a 50-day moving average of $63.67 and a 200-day moving average of $69.51.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. On average, equities analysts anticipate that Axos Financial will post 7.22 EPS for the current fiscal year.

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.