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

Shares of Axos Financial, Inc. (NYSE:AX) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $83.20.

A number of research firms have commented on AX. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a report on Monday. 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 research report on Thursday, October 31st. Wedbush cut their price target on Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Finally, Keefe, Bruyette & Woods raised 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.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Axos Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in AX. Hancock Whitney Corp grew its position in shares of Axos Financial by 1.3% in the third quarter. Hancock Whitney Corp now owns 10,931 shares of the company’s stock valued at $687,000 after purchasing an additional 142 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Axos Financial by 4.4% during the third quarter. Crossmark Global Holdings Inc. now owns 3,836 shares of the company’s stock valued at $241,000 after buying an additional 162 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in Axos Financial by 5.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 5,291 shares of the company’s stock worth $302,000 after buying an additional 266 shares in the last quarter. CWM LLC increased its stake in Axos Financial by 5.4% during the second quarter. CWM LLC now owns 5,208 shares of the company’s stock valued at $298,000 after acquiring an additional 269 shares during the period. Finally, SummerHaven Investment Management LLC raised its holdings in Axos Financial by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 17,645 shares of the company’s stock valued at $1,008,000 after acquiring an additional 281 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Axos Financial Price Performance

AX stock opened at $79.43 on Friday. The stock has a 50-day simple moving average of $73.92 and a 200-day simple moving average of $66.32. The firm has a market cap of $4.53 billion, a P/E ratio of 9.62 and a beta of 1.42. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. Axos Financial has a 1 year low of $44.10 and a 1 year high of $88.46.

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

About Axos Financial

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.