Axos Financial (NYSE:AX) Price Target Raised to $74.00 at Keefe, Bruyette & Woods

Axos Financial (NYSE:AX - Free Report) had its price target increased by Keefe, Bruyette & Woods from $72.00 to $74.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a market perform rating on the stock.

Other research analysts have also recently issued reports about the stock. Wedbush lowered their target price on shares of Axos Financial from $80.00 to $75.00 and set a "neutral" rating on the stock in a report on Tuesday, September 24th. Needham & Company LLC increased their target price on Axos Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday. Raymond James boosted their price target on Axos Financial from $67.00 to $81.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. Finally, Piper Sandler raised their target price on shares of Axos Financial from $68.00 to $84.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $79.80.

Axos Financial Stock Performance

AX stock traded down $1.86 during midday trading on Friday, reaching $65.87. 587,219 shares of the company were exchanged, compared to its average volume of 575,726. The business has a 50-day moving average price of $64.96 and a two-hundred day moving average price of $61.37. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 7.99 and a beta of 1.39. Axos Financial has a one year low of $32.05 and a one year high of $79.15.

Axos Financial (NYSE:AX - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.80 by $0.16. The company had revenue of $512.87 million for the quarter, compared to analyst estimates of $299.59 million. Axos Financial had a return on equity of 19.47% and a net margin of 24.07%. During the same quarter last year, the company earned $1.41 earnings per share. Equities research analysts forecast that Axos Financial will post 7.03 EPS for the current year.

Insider Activity at Axos Financial

In other news, EVP Andrew J. Micheletti sold 5,197 shares of the company's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $63.13, for a total value of $328,086.61. Following the completion of the transaction, the executive vice president now owns 424,149 shares of the company's stock, valued at $26,776,526.37. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 5.07% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AX. Lazard Asset Management LLC boosted its stake in shares of Axos Financial by 6.1% in the 1st quarter. Lazard Asset Management LLC now owns 260,100 shares of the company's stock valued at $14,055,000 after purchasing an additional 14,953 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in Axos Financial by 122.2% in the first quarter. GSA Capital Partners LLP now owns 31,440 shares of the company's stock valued at $1,699,000 after buying an additional 17,288 shares during the period. First Eagle Investment Management LLC boosted its position in Axos Financial by 7.2% during the first quarter. First Eagle Investment Management LLC now owns 187,572 shares of the company's stock valued at $10,136,000 after acquiring an additional 12,650 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Axos Financial by 37.6% in the 1st quarter. BNP Paribas Financial Markets now owns 45,960 shares of the company's stock worth $2,484,000 after acquiring an additional 12,560 shares in the last quarter. Finally, M&G Plc bought a new position in shares of Axos Financial in the 1st quarter worth about $8,249,000. 83.79% of the stock is owned by institutional investors.

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.