Analysts Set Axos Financial, Inc. (NYSE:AX) PT at $79.80

Axos Financial, Inc. (NYSE:AX) has earned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $79.80.

AX has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of Axos Financial from $72.00 to $74.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Needham & Company LLC boosted their target price on Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Raymond James boosted their target price on shares of Axos Financial from $67.00 to $81.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. StockNews.com cut shares of Axos Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Finally, Wedbush lowered their target price on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th.

Insider Buying and Selling

In related news, EVP Andrew J. Micheletti sold 5,197 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the transaction, the executive vice president now directly owns 424,149 shares of the company’s stock, valued at $26,776,526.37. This represents a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward James Ratinoff sold 4,002 shares of Axos Financial stock in a transaction on Friday, November 15th. The shares were sold at an average price of $79.41, for a total transaction of $317,798.82. Following the completion of the sale, the director now directly owns 46,209 shares of the company’s stock, valued at approximately $3,669,456.69. This trade represents a 7.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,199 shares of company stock valued at $10,882,135 over the last quarter. Insiders own 5.07% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AX. Virtu Financial LLC bought a new stake in Axos Financial during the 3rd quarter valued at $277,000. Geode Capital Management LLC increased its holdings in Axos Financial by 6.8% during the third quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company’s stock worth $90,861,000 after buying an additional 91,797 shares during the last quarter. Barclays PLC boosted its stake in Axos Financial by 32.6% in the third quarter. Barclays PLC now owns 142,715 shares of the company’s stock valued at $8,974,000 after acquiring an additional 35,087 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Axos Financial in the third quarter valued at about $836,000. Finally, MML Investors Services LLC bought a new position in Axos Financial during the third quarter valued at $212,000. Institutional investors own 83.79% of the company’s stock.

Axos Financial Price Performance

NYSE AX opened at $79.72 on Monday. The company has a market cap of $4.55 billion, a P/E ratio of 9.65 and a beta of 1.38. The company has a fifty day simple moving average of $68.06 and a 200 day simple moving average of $63.96. Axos Financial has a 1 year low of $36.93 and a 1 year high of $85.54. 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 (NYSE:AX) last released its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. The business had revenue of $512.87 million for the quarter, compared to the consensus estimate 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. On average, sell-side analysts predict that Axos Financial will post 7.02 EPS for the current year.

About Axos Financial

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.