Keefe, Bruyette & Woods Issues Positive Forecast for Axos Financial (NYSE:AX) Stock Price

Axos Financial (NYSE:AX) had its price objective upped by Keefe, Bruyette & Woods from $74.00 to $91.00 in a research note published on Wednesday,Benzinga reports. They currently have a market perform rating on the stock.

AX has been the subject of a number of other reports. StockNews.com upgraded shares of Axos Financial from a “sell” rating to a “hold” rating in a research report on Tuesday. Needham & Company LLC boosted their price target on shares of Axos Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Wedbush reduced their price target on shares of Axos Financial from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.20.

Axos Financial Stock Up 1.7 %

Axos Financial stock opened at $81.39 on Wednesday. Axos Financial has a 1-year low of $42.51 and a 1-year high of $88.46. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 9.85 and a beta of 1.42. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. The firm has a 50 day simple moving average of $71.70 and a 200 day simple moving average of $65.52.

Axos Financial (NYSE:AX) last released its quarterly earnings results on Wednesday, October 30th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. The firm had revenue of $512.87 million during the quarter, compared to analyst estimates of $299.59 million. Axos Financial had a net margin of 24.07% and a return on equity of 18.99%. During the same period in the previous year, the business earned $1.41 EPS. On average, analysts predict that Axos Financial will post 7.07 earnings per share for the current year.

Insider Transactions at Axos Financial

In other Axos Financial news, Director Edward James Ratinoff sold 4,002 shares of the business’s stock in a transaction on 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 directly owns 46,209 shares of the company’s stock, valued at $3,669,456.69. The trade was a 7.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gregory Garrabrants sold 125,000 shares of the business’s 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. This represents a 8.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,199 shares of company stock valued at $10,882,135. Insiders own 5.07% of the company’s stock.

Institutional Trading of Axos Financial

Hedge funds have recently added to or reduced their stakes in the business. Hollencrest Capital Management bought a new position in shares of Axos Financial during the second quarter valued at about $25,000. Kathleen S. Wright Associates Inc. bought a new position in shares of Axos Financial during the third quarter valued at about $27,000. Ashton Thomas Securities LLC bought a new position in shares of Axos Financial during the third quarter valued at about $41,000. Farther Finance Advisors LLC raised its stake in shares of Axos Financial by 881.8% during the third quarter. Farther Finance Advisors LLC now owns 648 shares of the company’s stock valued at $41,000 after acquiring an additional 582 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Axos Financial during the second quarter valued at about $49,000. 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.