Axos Financial’s (AX) Outperform Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their outperform rating on shares of Axos Financial (NYSE:AX) in a research note published on Thursday, Benzinga reports. They currently have a $79.00 price objective on the stock, up from their previous price objective of $77.00.

Several other analysts also recently issued reports on AX. Raymond James upped their price objective on shares of Axos Financial from $45.00 to $62.00 and gave the stock an outperform rating in a report on Wednesday, January 31st. StockNews.com raised Axos Financial from a sell rating to a hold rating in a research report on Monday, February 5th. Piper Sandler boosted their price objective on Axos Financial from $65.00 to $68.00 and gave the stock an overweight rating in a research report on Wednesday. Finally, Wedbush reaffirmed a neutral rating and issued a $60.00 target price on shares of Axos Financial in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $67.25.

Axos Financial Price Performance

NYSE AX opened at $57.53 on Thursday. Axos Financial has a fifty-two week low of $32.05 and a fifty-two week high of $60.00. The stock’s 50-day moving average is $51.59 and its two-hundred day moving average is $48.91. The firm has a market cap of $3.28 billion, a P/E ratio of 7.81 and a beta of 1.42. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.07 and a quick ratio of 1.07.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.21. Axos Financial had a return on equity of 18.57% and a net margin of 24.39%. The business had revenue of $476.73 million for the quarter, compared to the consensus estimate of $277.85 million. During the same period last year, the business earned $1.35 EPS. On average, analysts anticipate that Axos Financial will post 6.76 earnings per share for the current fiscal year.

Insider Activity at Axos Financial

In other news, EVP Andrew J. Micheletti sold 2,500 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $52.89, for a total value of $132,225.00. Following the sale, the executive vice president now owns 422,583 shares of the company’s stock, valued at approximately $22,350,414.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Andrew J. Micheletti sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $52.89, for a total transaction of $132,225.00. Following the completion of the sale, the executive vice president now owns 422,583 shares of the company’s stock, valued at $22,350,414.87. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Sara Wardell-Smith bought 5,000 shares of Axos Financial stock in a transaction dated Friday, March 15th. The stock was acquired at an average cost of $49.75 per share, for a total transaction of $248,750.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at $248,750. The disclosure for this purchase can be found here. 4.82% of the stock is owned by insiders.

Institutional Trading of Axos Financial

Several large investors have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. acquired a new stake in shares of Axos Financial in the fourth quarter valued at approximately $26,000. Investment Research & Advisory Group Inc. bought a new stake in shares of Axos Financial during the first quarter worth $27,000. Carmel Capital Partners LLC acquired a new position in shares of Axos Financial during the third quarter valued at $30,000. FinTrust Capital Advisors LLC acquired a new position in shares of Axos Financial during the fourth quarter valued at $44,000. Finally, Covestor Ltd boosted its holdings in Axos Financial by 34.1% in the third quarter. Covestor Ltd now owns 1,302 shares of the company’s stock valued at $49,000 after acquiring an additional 331 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.

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.