Brokerages Set Axos Financial, Inc. (NYSE:AX) Target Price at $80.20

Axos Financial, Inc. (NYSE:AX - Get Free Report) has received an average recommendation of "Moderate Buy" from the five brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $80.20.

A number of equities research analysts have recently commented on AX shares. Wedbush dropped their price target on Axos Financial from $80.00 to $75.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 24th. Raymond James raised their price target on Axos Financial from $67.00 to $81.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. Piper Sandler raised their price target on Axos Financial from $68.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods lowered Axos Financial from an "outperform" rating to a "market perform" rating and set a $79.00 price target on the stock. in a research report on Wednesday, July 31st. Finally, Needham & Company LLC started coverage on Axos Financial in a research report on Friday, October 11th. They set a "buy" rating and a $82.00 price target on the stock.

Insider Buying and Selling at Axos Financial

In other Axos Financial news, EVP Andrew J. Micheletti sold 5,197 shares of the firm'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 directly owns 424,149 shares in the company, valued at $26,776,526.37. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.82% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. boosted its stake in shares of Axos Financial by 26.2% during the 2nd quarter. American Century Companies Inc. now owns 1,549,748 shares of the company's stock worth $88,568,000 after acquiring an additional 321,494 shares during the period. Emerald Mutual Fund Advisers Trust boosted its stake in shares of Axos Financial by 9.6% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 382,276 shares of the company's stock worth $21,847,000 after acquiring an additional 33,366 shares during the period. Millennium Management LLC boosted its stake in shares of Axos Financial by 107.9% during the 2nd quarter. Millennium Management LLC now owns 367,251 shares of the company's stock worth $20,988,000 after acquiring an additional 190,584 shares during the period. Stieven Capital Advisors L.P. boosted its stake in shares of Axos Financial by 1.4% during the 2nd quarter. Stieven Capital Advisors L.P. now owns 328,433 shares of the company's stock worth $18,770,000 after acquiring an additional 4,400 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in shares of Axos Financial by 6.1% during the 1st quarter. Lazard Asset Management LLC now owns 260,100 shares of the company's stock worth $14,055,000 after acquiring an additional 14,953 shares during the period. 83.79% of the stock is currently owned by institutional investors.

Axos Financial Trading Up 1.5 %

NYSE:AX traded up $1.00 during mid-day trading on Thursday, hitting $66.64. The company had a trading volume of 396,547 shares, compared to its average volume of 579,372. Axos Financial has a fifty-two week low of $32.05 and a fifty-two week high of $79.15. The business's fifty day moving average is $64.64 and its two-hundred day moving average is $60.77. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $3.80 billion, a P/E ratio of 8.97 and a beta of 1.39.

Axos Financial (NYSE:AX - Get Free Report) last released its earnings results on Tuesday, July 30th. The company reported $1.80 earnings per share for the quarter, meeting the consensus estimate of $1.80. Axos Financial had a return on equity of 18.57% and a net margin of 23.96%. The firm had revenue of $484.29 million for the quarter, compared to analyst estimates of $296.02 million. During the same quarter in the prior year, the firm posted $1.50 earnings per share. As a group, research analysts expect that Axos Financial will post 7.12 earnings per share for the current 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.