Brokerages Set Axos Financial, Inc (NYSE:AX) Target Price at $115.67

Shares of Axos Financial, Inc (NYSE:AX) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $115.6667.

A number of equities research analysts recently issued reports on the stock. Benchmark upped their price objective on shares of Axos Financial from $115.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Needham & Company LLC lifted their target price on shares of Axos Financial from $110.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Keefe, Bruyette & Woods boosted their target price on shares of Axos Financial from $105.00 to $110.00 and gave the company a “market perform” rating in a report on Friday, July 31st. Weiss Ratings raised shares of Axos Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 1st. Finally, DA Davidson set a $121.00 price target on shares of Axos Financial in a report on Friday, July 31st.

Axos Financial Stock Up 1.6%

AX stock opened at $96.16 on Monday. The stock has a market capitalization of $5.46 billion, a P/E ratio of 11.35 and a beta of 1.22. The firm has a 50-day simple moving average of $98.36 and a 200-day simple moving average of $92.44. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. Axos Financial has a 52 week low of $74.89 and a 52 week high of $105.74.

Axos Financial (NYSE:AX) last announced its earnings results on Thursday, July 30th. The company reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.37. The company had revenue of $379.77 million for the quarter, compared to analysts’ expectations of $375.54 million. Axos Financial had a net margin of 22.39% and a return on equity of 16.96%. During the same quarter in the previous year, the company posted $1.94 EPS. Equities analysts forecast that Axos Financial will post 9.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Axos Financial news, Director Roque A. Santi sold 500 shares of the business’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 value of $52,650.00. Following the sale, the director owned 7,146 shares of the company’s stock, valued at $752,473.80. The trade was a 6.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.85% of the company’s stock.

Institutional Investors Weigh In On Axos Financial

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of Axos Financial in the second quarter valued at $817,051,000. Principal Financial Group Inc. boosted its holdings in Axos Financial by 4.9% in the first quarter. Principal Financial Group Inc. now owns 353,951 shares of the company’s stock valued at $30,118,000 after purchasing an additional 16,627 shares during the period. Jackson Creek Investment Advisors LLC grew its stake in Axos Financial by 714.0% during the 4th quarter. Jackson Creek Investment Advisors LLC now owns 20,725 shares of the company’s stock worth $1,786,000 after purchasing an additional 18,179 shares in the last quarter. Kennedy Capital Management LLC grew its stake in Axos Financial by 12.3% during the 4th quarter. Kennedy Capital Management LLC now owns 308,935 shares of the company’s stock worth $26,618,000 after purchasing an additional 33,854 shares in the last quarter. Finally, WCM Investment Management LLC increased its holdings in Axos Financial by 36.3% during the 1st quarter. WCM Investment Management LLC now owns 95,366 shares of the company’s stock worth $7,904,000 after purchasing an additional 25,395 shares during the period. 83.79% of the stock is currently owned by institutional investors and hedge funds.

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.