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

Axos Financial, Inc. (NYSE:AX) has earned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $83.20.

A number of equities research analysts have recently weighed in on the company. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods lifted their target price on Axos Financial from $74.00 to $91.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Wedbush reduced their price target on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Finally, Needham & Company LLC lifted their price objective on shares of Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, October 31st.

Insiders Place Their Bets

In other news, CEO Gregory Garrabrants sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total value of $10,236,250.00. Following the transaction, the chief executive officer now owns 1,340,377 shares of the company’s stock, valued at approximately $109,763,472.53. The trade was a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Edward James Ratinoff sold 4,002 shares of Axos Financial stock in a transaction on Friday, November 15th. The shares were sold at an average price of $79.41, for a total transaction of $317,798.82. Following the completion of the transaction, the director now owns 46,209 shares in the company, valued at approximately $3,669,456.69. This trade represents a 7.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.07% of the stock is currently owned by insiders.

Institutional Trading of Axos Financial

A number of institutional investors have recently modified their holdings of AX. Hollencrest Capital Management purchased a new stake in Axos Financial during the second quarter worth about $25,000. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Axos Financial during the 3rd quarter valued at approximately $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Axos Financial during the 3rd quarter worth approximately $41,000. Farther Finance Advisors LLC grew its holdings in shares of Axos Financial by 881.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock worth $41,000 after acquiring an additional 582 shares during the period. Finally, GAMMA Investing LLC increased its stake in Axos Financial by 45.7% in the 3rd quarter. GAMMA Investing LLC now owns 982 shares of the company’s stock valued at $62,000 after purchasing an additional 308 shares in the last quarter. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

Axos Financial Trading Up 0.2 %

Shares of AX stock opened at $70.75 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial has a twelve month low of $44.10 and a twelve month high of $88.46. The company’s 50-day moving average price is $76.63 and its 200-day moving average price is $68.82. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 8.57 and a beta of 1.46.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. The firm had revenue of $512.87 million for the quarter, compared to analysts’ expectations of $299.59 million. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. During the same period in the prior year, the firm posted $1.41 earnings per share. As a group, equities analysts predict that Axos Financial will post 7.07 earnings per share for the current 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.