Axos Financial (NYSE:AX) Hits New 12-Month High at $54.47

Axos Financial, Inc. (NYSE:AX) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $54.47 and last traded at $54.38, with a volume of 2684 shares changing hands. The stock had previously closed at $53.52.

AX has been the topic of a number of research analyst reports. B. Riley lowered Axos Financial from a “buy” rating to a “neutral” rating and set a $54.00 target price on the stock. in a research report on Wednesday, October 6th. Zacks Investment Research raised Axos Financial from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research report on Monday, October 4th. Raymond James upped their price objective on Axos Financial from $53.00 to $55.00 and gave the stock a “strong-buy” rating in a research report on Monday, August 2nd. Finally, Sidoti initiated coverage on Axos Financial in a research report on Monday, June 21st. They set a “buy” rating and a $58.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $54.67.

The company has a debt-to-equity ratio of 0.68, a current ratio of 1.11 and a quick ratio of 1.11. The business’s 50 day moving average is $48.89 and its 200 day moving average is $47.49. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 14.95 and a beta of 1.74.

Axos Financial (NYSE:AX) last issued its earnings results on Wednesday, July 28th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. Axos Financial had a net margin of 29.81% and a return on equity of 16.91%. The firm had revenue of $158.46 million during the quarter, compared to the consensus estimate of $159.91 million. As a group, analysts forecast that Axos Financial, Inc. will post 3.51 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AX. FMR LLC acquired a new position in Axos Financial in the first quarter valued at $1,387,000. First Trust Advisors LP acquired a new stake in shares of Axos Financial during the first quarter worth about $1,255,000. Teacher Retirement System of Texas acquired a new stake in shares of Axos Financial during the first quarter worth about $285,000. UBS Group AG boosted its stake in shares of Axos Financial by 53.6% during the first quarter. UBS Group AG now owns 15,467 shares of the company’s stock worth $727,000 after buying an additional 5,396 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Axos Financial by 10.8% during the first quarter. Geode Capital Management LLC now owns 893,251 shares of the company’s stock worth $41,991,000 after buying an additional 86,774 shares during the period. Institutional investors own 76.08% of the company’s stock.

About Axos Financial (NYSE:AX)

Axos Financial, Inc is a holding company, which engages in the provision of banking and financing services. It operates through the following segments: Banking Business and Securities Business. The Banking Business segment includes online banking, concierge banking, prepaid card services, and mortgage, vehicle, and unsecured lending through online and telephonic distribution channels.

Featured Story: How Does the Quiet Period Work?

Receive News & Ratings for Axos Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axos Financial and related companies with MarketBeat.com's FREE daily email newsletter.