Axos Financial's (AX) "Outperform" Rating Reiterated at Raymond James

Axos Financial (NYSE:AX - Get Free Report)'s stock had its "outperform" rating restated by analysts at Raymond James in a note issued to investors on Wednesday,Benzinga reports. They currently have a $80.00 price objective on the stock, up from their prior price objective of $75.00. Raymond James' price target would indicate a potential upside of 15.52% from the company's previous close.

Several other brokerages have also recently commented on AX. StockNews.com upgraded Axos Financial from a "sell" rating to a "hold" rating in a report on Monday, December 9th. Keefe, Bruyette & Woods decreased their price objective on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating on the stock in a report on Wednesday. Finally, Needham & Company LLC boosted their target price on shares of Axos Financial from $85.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Axos Financial currently has an average rating of "Moderate Buy" and a consensus target price of $83.40.

Axos Financial Price Performance

Shares of Axos Financial stock traded down $3.15 during mid-day trading on Wednesday, reaching $69.25. 363,792 shares of the stock were exchanged, compared to its average volume of 387,821. Axos Financial has a fifty-two week low of $44.10 and a fifty-two week high of $88.46. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 8.36 and a beta of 1.46. The firm has a 50-day simple moving average of $74.98 and a 200 day simple moving average of $70.32. 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 - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.07. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. On average, sell-side analysts predict that Axos Financial will post 7.07 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Gregory Garrabrants sold 125,000 shares of Axos Financial stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total transaction of $10,236,250.00. Following the completion of the sale, the chief executive officer now directly owns 1,340,377 shares of the company's stock, valued at $109,763,472.53. The trade was a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Edward James Ratinoff sold 4,002 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $79.41, for a total value of $317,798.82. Following the completion of the sale, the director now owns 46,209 shares of the company's stock, valued at $3,669,456.69. This represents a 7.97 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.07% of the company's stock.

Institutional Investors Weigh In On Axos Financial

Several hedge funds have recently bought and sold shares of AX. State Street Corp increased its stake in Axos Financial by 5.5% during the 3rd quarter. State Street Corp now owns 3,178,708 shares of the company's stock worth $199,877,000 after purchasing an additional 164,997 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 acquiring an additional 91,797 shares during the period. Wasatch Advisors LP lifted its position in Axos Financial by 34.0% in the 3rd quarter. Wasatch Advisors LP now owns 1,154,737 shares of the company's stock valued at $72,610,000 after acquiring an additional 292,952 shares in the last quarter. Geneva Capital Management LLC boosted its stake in Axos Financial by 0.3% in the 3rd quarter. Geneva Capital Management LLC now owns 708,520 shares of the company's stock worth $44,552,000 after purchasing an additional 1,976 shares during the period. Finally, Emerald Advisers LLC increased its holdings in Axos Financial by 14.4% during the 3rd quarter. Emerald Advisers LLC now owns 505,544 shares of the company's stock worth $31,789,000 after purchasing an additional 63,458 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

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.

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