Axos Financial (NYSE:AX) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Axos Financial (NYSE:AX) had its target price raised by Keefe, Bruyette & Woods from $72.00 to $74.00 in a research note released on Friday morning, Benzinga reports. They currently have a market perform rating on the stock.

AX has been the subject of several other research reports. Raymond James lifted their price objective on Axos Financial from $67.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Wedbush lowered their price objective on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Needham & Company LLC upped their target price on shares of Axos Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Piper Sandler upped their price objective on Axos Financial from $68.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $79.80.

Axos Financial Price Performance

Shares of Axos Financial stock opened at $65.21 on Friday. The firm has a market cap of $3.72 billion, a P/E ratio of 7.89 and a beta of 1.38. The firm’s 50-day simple moving average is $64.88 and its 200-day simple moving average is $61.66. Axos Financial has a twelve month low of $32.05 and a twelve month high of $79.15. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. The company had revenue of $512.87 million during the quarter, compared to analysts’ expectations of $299.59 million. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. During the same period last year, the business earned $1.41 earnings per share. As a group, research analysts expect that Axos Financial will post 6.97 EPS for the current fiscal year.

Insider Transactions at Axos Financial

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $63.13, for a total value of $328,086.61. Following the completion of the sale, the executive vice president now owns 424,149 shares of the company’s stock, valued at approximately $26,776,526.37. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.07% of the company’s stock.

Hedge Funds Weigh In On Axos Financial

Several institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets raised its position in Axos Financial by 37.6% in the 1st quarter. BNP Paribas Financial Markets now owns 45,960 shares of the company’s stock valued at $2,484,000 after buying an additional 12,560 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Axos Financial in the first quarter worth $706,000. GSA Capital Partners LLP grew its position in Axos Financial by 122.2% in the first quarter. GSA Capital Partners LLP now owns 31,440 shares of the company’s stock valued at $1,699,000 after purchasing an additional 17,288 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Axos Financial by 24.5% in the first quarter. SG Americas Securities LLC now owns 5,800 shares of the company’s stock valued at $313,000 after acquiring an additional 1,142 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its position in Axos Financial by 9.6% during the first quarter. Illinois Municipal Retirement Fund now owns 30,132 shares of the company’s stock valued at $1,628,000 after purchasing an additional 2,649 shares during the last quarter. 83.79% of the stock is currently 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.