Axos Financial (NYSE:AX) Given Outperform Rating at Raymond James

Axos Financial (NYSE:AX)‘s stock had its “outperform” rating restated by stock analysts at Raymond James in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $80.00 price target on the stock, up from their previous price target of $75.00. Raymond James’ target price would suggest a potential upside of 15.52% from the company’s previous close.

Several other equities research analysts also recently issued reports on the stock. Needham & Company LLC raised their target price on shares of Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday. StockNews.com raised Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Finally, Keefe, Bruyette & Woods cut 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Axos Financial has a consensus rating of “Moderate Buy” and an average price target of $83.40.

Axos Financial Stock Down 4.4 %

Shares of NYSE:AX traded down $3.15 during trading on Wednesday, hitting $69.25. 363,792 shares of the company were exchanged, compared to its average volume of 387,821. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 8.36 and a beta of 1.46. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The firm has a fifty day moving average price of $74.98 and a two-hundred day moving average price of $70.32.

Axos Financial (NYSE:AX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.07. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. As a group, research analysts anticipate that Axos Financial will post 7.07 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Edward James Ratinoff sold 4,002 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $79.41, for a total transaction of $317,798.82. Following the sale, the director now owns 46,209 shares of the company’s stock, valued at $3,669,456.69. This represents a 7.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gregory Garrabrants sold 125,000 shares of Axos Financial stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $81.89, for a total value of $10,236,250.00. Following the completion of the transaction, the chief executive officer now directly owns 1,340,377 shares of the company’s stock, valued at $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. 5.07% of the stock is owned by company insiders.

Hedge Funds Weigh In On Axos Financial

Several hedge funds have recently bought and sold shares of AX. Empowered Funds LLC boosted its holdings in shares of Axos Financial by 28.2% in the 4th quarter. Empowered Funds LLC now owns 16,306 shares of the company’s stock valued at $1,139,000 after purchasing an additional 3,588 shares in the last quarter. SkyOak Wealth LLC acquired a new stake in Axos Financial in the fourth quarter valued at about $328,000. Heck Capital Advisors LLC acquired a new stake in Axos Financial in the fourth quarter valued at about $35,000. R Squared Ltd bought a new position in Axos Financial in the fourth quarter valued at about $66,000. Finally, KBC Group NV raised its stake in Axos Financial by 53.8% during the fourth quarter. KBC Group NV now owns 2,469 shares of the company’s stock worth $172,000 after acquiring an additional 864 shares in the last quarter. 83.79% of the stock is owned by institutional investors.

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.