#3 - Axos Financial (NYSE:AX)
Axos Financial (NYSE: AX) - One of the tenets of solid fundamental investing is to find small companies that are primed for rapid growth. That would seem to define the situation surrounding Axos Financial. The company, formerly named Bank of Internet USA has been busy acquiring Nationwide's deposit base and is also investing in their Universal Digital Bank (UDB) initiative which is putting all of its products and services on a single platform that will allow the company to have more cross-selling opportunities to its customers. Investors can also celebrate a business model that keeps costs low when compared to traditional brick-and-mortar banks. Case in point, in their most recent quarter Axos, generated a 15% return on equity (ROE), easily exceeding the industry average of 10%. Axos is still a small company ($10 billion in assets), but they are showing signs of rapid growth. In the last year, their net income has increased by almost 14% and their loan portfolio is up over 15%. The stock is trading towards the lower half of their 52-week range and has received a strong buy rating by analysts.
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.
Read More - Current Price
- $82.12
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 3 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $79.80 (2.8% Downside)
