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

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

Several equities analysts recently commented on the stock. DA Davidson decreased their price objective on shares of Axos Financial from $96.00 to $88.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Needham & Company LLC boosted their price objective on shares of Axos Financial from $85.00 to $88.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reduced their target price on Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a research note on Wednesday, January 29th. Raymond James reiterated an "outperform" rating and set a $80.00 price target (up previously from $75.00) on shares of Axos Financial in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded Axos Financial from a "sell" rating to a "hold" rating in a research note on Monday, December 9th.

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Insider Transactions at Axos Financial

In other Axos Financial news, Director Sara Wardell-Smith purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the transaction, the director now owns 10,250 shares of the company's stock, valued at $663,482.50. The trade was a 41.38 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 5.07% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Heck Capital Advisors LLC purchased a new position in Axos Financial during the fourth quarter worth approximately $35,000. Kestra Investment Management LLC acquired a new stake in shares of Axos Financial in the 4th quarter worth $52,000. NewEdge Advisors LLC raised its holdings in shares of Axos Financial by 1,700.0% during the 4th quarter. NewEdge Advisors LLC now owns 900 shares of the company's stock worth $63,000 after acquiring an additional 850 shares during the period. R Squared Ltd acquired a new position in shares of Axos Financial during the 4th quarter valued at about $66,000. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Axos Financial by 238.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,097 shares of the company's stock valued at $77,000 after purchasing an additional 773 shares during the period. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Axos Financial Stock Down 0.5 %

Shares of AX stock traded down $0.36 during trading hours on Friday, reaching $65.41. 227,046 shares of the company's stock were exchanged, compared to its average volume of 426,490. Axos Financial has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The stock's 50 day moving average is $68.06 and its 200-day moving average is $70.03. 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 company has a market cap of $3.74 billion, a price-to-earnings ratio of 8.79 and a beta of 1.45.

Axos Financial (NYSE:AX - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. Analysts predict that Axos Financial will post 7.22 earnings per share for the current fiscal 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.