Axos Financial, Inc. (NYSE:AX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Axos Financial, Inc. (NYSE:AX) has been given an average rating of “Moderate Buy” by the six analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $84.17.

Several brokerages have recently weighed in on AX. Needham & Company LLC boosted their price objective 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. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Raymond James reissued an “outperform” rating and issued a $80.00 target price (up from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. DA Davidson cut their price target on Axos Financial from $96.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 29th.

Insider Activity at Axos Financial

In related news, Director Sara Wardell-Smith bought 3,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $64.73 per share, with a total value of $194,190.00. Following the completion of the acquisition, the director now owns 10,250 shares in the company, valued at approximately $663,482.50. This represents a 41.38 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.07% of the stock is owned by insiders.

Institutional Investors Weigh In On Axos Financial

A number of institutional investors and hedge funds have recently modified their holdings of AX. Boston Partners acquired a new stake in Axos Financial in the fourth quarter valued at $29,918,000. Wasatch Advisors LP boosted its position in shares of Axos Financial by 34.0% in the 3rd quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company’s stock worth $72,610,000 after buying an additional 292,952 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Axos Financial in the 4th quarter valued at about $16,464,000. State Street Corp increased its holdings in Axos Financial by 5.5% during the 3rd quarter. State Street Corp now owns 3,178,708 shares of the company’s stock valued at $199,877,000 after acquiring an additional 164,997 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Axos Financial by 9.6% during the fourth quarter. American Century Companies Inc. now owns 1,874,779 shares of the company’s stock worth $130,953,000 after acquiring an additional 163,952 shares during the last quarter. Institutional investors and hedge funds own 83.79% of the company’s stock.

Axos Financial Stock Down 1.0 %

Axos Financial stock opened at $64.86 on Friday. The stock has a market cap of $3.70 billion, a PE ratio of 8.72 and a beta of 1.45. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s fifty day moving average is $67.83 and its two-hundred day moving average is $69.96. Axos Financial has a 1-year low of $44.10 and a 1-year high of $88.46.

Axos Financial (NYSE:AX) last issued its earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. On average, sell-side analysts expect 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.