Axos Financial (AX) – Research Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Axos Financial (NYSE: AX) recently:

• 7/31/2024 – Axos Financial had its price target raised by analysts at Piper Sandler from $68.00 to $84.00. They now have an “overweight” rating on the stock.
• 7/31/2024 – Axos Financial had its price target raised by analysts at Raymond James from $67.00 to $81.00. They now have an “outperform” rating on the stock.
• 7/31/2024 – Axos Financial had its price target raised by analysts at Wedbush from $60.00 to $80.00. They now have a “neutral” rating on the stock.
• 7/31/2024 – Axos Financial was downgraded by analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating. They now have a $79.00 price target on the stock.

Axos Financial Trading Down 1.7 %

Axos Financial stock traded down $1.12 during midday trading on Tuesday, reaching $63.40. The stock had a trading volume of 356,326 shares, compared to its average volume of 610,927. Axos Financial, Inc. has a 52-week low of $32.05 and a 52-week high of $79.15. The company has a fifty day moving average of $62.52 and a 200 day moving average of $56.59. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 8.60 and a beta of 1.43. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 0.17.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.80. The company had revenue of $484.29 million during the quarter, compared to analyst estimates of $296.02 million. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. During the same quarter last year, the business posted $1.50 EPS. On average, analysts anticipate that Axos Financial, Inc. will post 7.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Axos Financial

Large investors have recently bought and sold shares of the business. SummerHaven Investment Management LLC raised its stake in shares of Axos Financial by 1.2% during the 4th quarter. SummerHaven Investment Management LLC now owns 17,185 shares of the company’s stock worth $938,000 after acquiring an additional 206 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Axos Financial by 5.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 5,291 shares of the company’s stock valued at $302,000 after buying an additional 266 shares during the last quarter. CWM LLC lifted its holdings in shares of Axos Financial by 5.4% during the second quarter. CWM LLC now owns 5,208 shares of the company’s stock worth $298,000 after purchasing an additional 269 shares during the period. Foundry Partners LLC increased its holdings in Axos Financial by 5.8% in the 2nd quarter. Foundry Partners LLC now owns 5,779 shares of the company’s stock worth $330,000 after buying an additional 316 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Axos Financial by 8.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,318 shares of the company’s stock worth $290,000 after buying an additional 394 shares during the last quarter. Institutional investors own 83.79% of the company’s stock.

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.