Axos Financial (NYSE:AX) Given New $120.00 Price Target at Benchmark

Axos Financial (NYSE:AX) had its price objective upped by analysts at Benchmark from $115.00 to $120.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s price target points to a potential upside of 18.81% from the company’s previous close.

Several other analysts also recently weighed in on the company. DA Davidson set a $121.00 price objective on Axos Financial in a research report on Friday, July 31st. Keefe, Bruyette & Woods lifted their target price on shares of Axos Financial from $105.00 to $110.00 and gave the stock a “market perform” rating in a research note on Friday, July 31st. Needham & Company LLC upped their price target on shares of Axos Financial from $110.00 to $128.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Weiss Ratings raised shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.67.

Axos Financial Stock Performance

Axos Financial stock opened at $101.00 on Thursday. The firm has a fifty day simple moving average of $95.79 and a two-hundred day simple moving average of $92.29. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.24. Axos Financial has a twelve month low of $74.89 and a twelve month high of $105.74. The company has a market capitalization of $5.74 billion, a PE ratio of 11.92 and a beta of 1.22.

Axos Financial (NYSE:AX) last released its quarterly earnings data on Thursday, July 30th. The company reported $2.53 EPS for the quarter, topping the consensus estimate of $2.16 by $0.37. The firm had revenue of $379.77 million for the quarter, compared to the consensus estimate of $375.54 million. Axos Financial had a return on equity of 16.96% and a net margin of 22.39%.During the same quarter in the previous year, the business earned $1.94 earnings per share. Research analysts expect that Axos Financial will post 9.59 EPS for the current year.

Insider Transactions at Axos Financial

In other Axos Financial news, Director Roque A. Santi sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.30, for a total transaction of $52,650.00. Following the transaction, the director owned 7,146 shares in the company, valued at approximately $752,473.80. This represents a 6.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael James Watson sold 1,653 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $83.77, for a total value of $138,471.81. Following the completion of the transaction, the executive vice president directly owned 4,592 shares of the company’s stock, valued at $384,671.84. This represents a 26.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 4.85% of the company’s stock.

Institutional Trading of Axos Financial

A number of hedge funds have recently modified their holdings of AX. BlackRock Inc. bought a new stake in shares of Axos Financial in the 2nd quarter worth approximately $817,051,000. State Street Corp increased its position in Axos Financial by 0.5% during the 4th quarter. State Street Corp now owns 2,696,323 shares of the company’s stock valued at $232,315,000 after buying an additional 13,669 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Axos Financial by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,177,003 shares of the company’s stock valued at $185,234,000 after buying an additional 7,509 shares during the last quarter. Geode Capital Management LLC raised its stake in Axos Financial by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 1,775,539 shares of the company’s stock valued at $154,687,000 after buying an additional 62,269 shares during the last quarter. Finally, Davis Asset Management L.P. bought a new stake in Axos Financial in the second quarter worth $149,515,000. Institutional investors own 83.79% of the company’s stock.

About Axos Financial

Axos Financial, Inc (NYSE: AX) is a diversified online banking and financial services holding company headquartered in San Diego, California. The firm traces its origins to 1999 with the launch of Bank of Internet USA and rebranded as Axos Financial in December 2018 to reflect an expanded suite of digital offerings. Axos Financial operates through its wholly owned subsidiary, Axos Bank, providing a technology-driven banking platform that serves both retail and commercial clients across the United States.

Through its digital banking platform, Axos Financial delivers a range of deposit products, including checking and savings accounts, money market and certificate of deposit accounts, as well as individual retirement accounts.