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

Axos Financial, Inc. (NYSE:AX) has been given an average recommendation of “Moderate Buy” by the five analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $83.20.

Several research analysts recently issued reports on AX shares. StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Keefe, Bruyette & Woods raised their price target on Axos Financial from $74.00 to $91.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Wedbush cut their price objective on Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Finally, Needham & Company LLC restated a “buy” rating and set a $85.00 target price on shares of Axos Financial in a research report on Thursday.

Axos Financial Trading Down 3.1 %

Shares of AX stock opened at $66.76 on Tuesday. Axos Financial has a twelve month low of $44.10 and a twelve month high of $88.46. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $76.79 and its two-hundred day moving average is $69.11. The company has a market capitalization of $3.81 billion, a P/E ratio of 8.08 and a beta of 1.46.

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

Insider Activity at Axos Financial

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

Hedge Funds Weigh In On Axos Financial

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

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.