Axos Financial, Inc. (NYSE:AX) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Axos Financial, Inc. (NYSE:AX - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $84.17.

Several brokerages have recently commented on AX. DA Davidson reduced their target price on shares of Axos Financial from $96.00 to $88.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Raymond James reaffirmed an "outperform" rating and issued a $80.00 target price (up previously from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Needham & Company LLC upped their target price on shares of Axos Financial from $85.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 29th.

Insider Buying and Selling

In other news, Director Sara Wardell-Smith acquired 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the acquisition, the director now owns 10,250 shares in the company, valued at $663,482.50. This represents a 41.38 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.07% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund increased its position in shares of Axos Financial by 0.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 29,916 shares of the company's stock valued at $2,090,000 after acquiring an additional 196 shares during the last quarter. Versor Investments LP boosted its position in shares of Axos Financial by 5.3% in the fourth quarter. Versor Investments LP now owns 4,000 shares of the company's stock valued at $279,000 after acquiring an additional 200 shares during the period. SummerHaven Investment Management LLC grew its position in shares of Axos Financial by 1.6% during the 1st quarter. SummerHaven Investment Management LLC now owns 13,386 shares of the company's stock worth $864,000 after purchasing an additional 206 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Axos Financial by 1.4% during the first quarter. Exchange Traded Concepts LLC now owns 15,844 shares of the company's stock worth $1,022,000 after buying an additional 223 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in Axos Financial by 3.4% in the fourth quarter. Stifel Financial Corp now owns 7,310 shares of the company's stock valued at $511,000 after purchasing an additional 241 shares in the last quarter. Institutional investors and hedge funds own 83.79% of the company's stock.

Axos Financial Stock Performance

NYSE:AX traded up $1.15 during trading hours on Thursday, hitting $60.21. 461,218 shares of the company traded hands, compared to its average volume of 532,052. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average of $63.67 and a 200 day moving average of $69.45. Axos Financial has a twelve month low of $44.10 and a twelve month high of $88.46. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 8.09 and a beta of 1.33.

Axos Financial (NYSE:AX - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share for the quarter, topping analysts' consensus estimates of $1.75 by $0.07. Axos Financial had a net margin of 22.10% and a return on equity of 18.67%. On average, analysts forecast that Axos Financial will post 7.22 EPS for the current year.

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.