Brokerages Set Axos Financial, Inc. (NYSE:AX) PT at $67.25

Shares of Axos Financial, Inc. (NYSE:AX) have been given an average rating of “Moderate Buy” by the four brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $67.25.

Several brokerages recently weighed in on AX. Piper Sandler upped their target price on shares of Axos Financial from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $79.00 target price on shares of Axos Financial in a research report on Tuesday, June 4th. Finally, Wedbush reissued a “neutral” rating and issued a $60.00 price target on shares of Axos Financial in a report on Wednesday, May 1st.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. M&G Plc grew its holdings in shares of Axos Financial by 12.4% in the second quarter. M&G Plc now owns 171,740 shares of the company’s stock valued at $9,789,000 after purchasing an additional 18,978 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Axos Financial by 85.8% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 26,200 shares of the company’s stock worth $1,497,000 after buying an additional 12,100 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Axos Financial by 453.9% in the 2nd quarter. SG Americas Securities LLC now owns 32,124 shares of the company’s stock worth $1,836,000 after buying an additional 26,324 shares during the last quarter. CWM LLC raised its position in shares of Axos Financial by 5.4% during the 2nd quarter. CWM LLC now owns 5,208 shares of the company’s stock valued at $298,000 after buying an additional 269 shares in the last quarter. Finally, Hancock Whitney Corp lifted its holdings in shares of Axos Financial by 213.6% in the 1st quarter. Hancock Whitney Corp now owns 12,461 shares of the company’s stock valued at $673,000 after acquiring an additional 8,488 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

Axos Financial Trading Up 1.0 %

Shares of NYSE:AX opened at $71.61 on Tuesday. The stock has a 50 day moving average of $57.78 and a 200 day moving average of $54.58. The company has a market cap of $4.08 billion, a PE ratio of 9.72 and a beta of 1.43. Axos Financial has a 12-month low of $32.05 and a 12-month high of $73.13. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20.

Axos Financial (NYSE:AX) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.21. The business had revenue of $476.73 million for the quarter, compared to the consensus estimate of $277.85 million. Axos Financial had a net margin of 24.39% and a return on equity of 18.57%. During the same quarter in the previous year, the firm earned $1.35 earnings per share. As a group, equities research analysts expect that Axos Financial will post 6.76 EPS 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.