Axos Financial (NYSE:AX – Get Rating) had its price target raised by equities researchers at Piper Sandler from $47.00 to $50.00 in a research note issued on Friday, The Fly reports. Piper Sandler’s price objective would suggest a potential upside of 18.88% from the stock’s current price.
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Several other research firms also recently weighed in on AX. DA Davidson boosted their target price on shares of Axos Financial to $48.00 in a research report on Tuesday, November 1st. Raymond James cut their price objective on Axos Financial from $52.00 to $50.00 and set a “strong-buy” rating on the stock in a research note on Monday, October 31st. Finally, StockNews.com assumed coverage on Axos Financial in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.83.
Axos Financial Stock Up 0.8 %
Shares of NYSE AX opened at $42.06 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.09 and a current ratio of 1.09. Axos Financial has a 1 year low of $33.91 and a 1 year high of $56.50. The stock’s 50-day simple moving average is $39.08 and its 200-day simple moving average is $39.44. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 10.65 and a beta of 1.42.
Axos Financial (NYSE:AX – Get Rating) last posted its quarterly earnings data on Thursday, October 27th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.05. The company had revenue of $207.68 million for the quarter, compared to the consensus estimate of $197.50 million. Axos Financial had a return on equity of 16.49% and a net margin of 28.47%. As a group, equities analysts anticipate that Axos Financial will post 4.68 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Axos Financial news, SVP Ron Pitters sold 2,000 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $42.54, for a total value of $85,080.00. Following the sale, the senior vice president now directly owns 11,315 shares of the company’s stock, valued at $481,340.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.81% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of AX. Jarislowsky Fraser Ltd bought a new position in shares of Axos Financial in the second quarter worth $21,926,000. Basswood Capital Management LLC acquired a new position in shares of Axos Financial during the second quarter valued at approximately $19,338,000. CCG Wealth Management LLC bought a new stake in Axos Financial during the third quarter worth approximately $11,989,000. Assenagon Asset Management SA acquired a new stake in Axos Financial in the second quarter worth approximately $7,346,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Axos Financial in the 2nd quarter worth $6,120,000. 76.97% of the stock is owned by institutional investors and hedge funds.
Axos Financial Company Profile
(Get Rating)
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 deposit products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.
Further Reading
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