Axos Financial (NYSE:AX) Given Neutral Rating at Wedbush

Wedbush restated their neutral rating on shares of Axos Financial (NYSE:AX) in a research report report published on Wednesday morning, Benzinga reports. The firm currently has a $60.00 target price on the stock. Wedbush also issued estimates for Axos Financial’s Q4 2024 earnings at $1.69 EPS, FY2024 earnings at $6.64 EPS, Q1 2025 earnings at $1.76 EPS, Q2 2025 earnings at $1.84 EPS, Q2 2025 earnings at $1.78 EPS, Q3 2025 earnings at $1.75 EPS, Q3 2025 earnings at $1.78 EPS, Q4 2025 earnings at $1.88 EPS, Q4 2025 earnings at $1.85 EPS, FY2025 earnings at $7.35 EPS, FY2025 earnings at $7.15 EPS, Q1 2026 earnings at $1.94 EPS, Q1 2026 earnings at $2.00 EPS, Q2 2026 earnings at $2.03 EPS and Q2 2026 earnings at $1.95 EPS.

Several other equities analysts have also recently issued reports on AX. StockNews.com upgraded shares of Axos Financial from a sell rating to a hold rating in a research note on Monday, February 5th. Raymond James boosted their price objective on shares of Axos Financial from $45.00 to $62.00 and gave the company an outperform rating in a report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $67.25.

Axos Financial Price Performance

Shares of NYSE AX opened at $57.53 on Wednesday. The firm has a market cap of $3.28 billion, a P/E ratio of 7.81 and a beta of 1.42. Axos Financial has a twelve month low of $32.05 and a twelve month high of $60.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $51.59 and a 200 day moving average of $48.91.

Axos Financial (NYSE:AX) last posted its earnings results on Tuesday, April 30th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.21. The business had revenue of $476.73 million during the quarter, compared to analyst estimates of $277.85 million. Axos Financial had a return on equity of 18.57% and a net margin of 24.39%. During the same quarter last year, the company earned $1.35 EPS. As a group, research analysts expect that Axos Financial will post 6.61 EPS for the current fiscal year.

Insiders Place Their Bets

In other Axos Financial news, Director Sara Wardell-Smith acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average price of $49.75 per share, with a total value of $248,750.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at approximately $248,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Sara Wardell-Smith acquired 5,000 shares of Axos Financial stock in a transaction dated Friday, March 15th. The stock was purchased at an average cost of $49.75 per share, for a total transaction of $248,750.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $248,750. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew J. Micheletti sold 1,548 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $51.57, for a total value of $79,830.36. Following the completion of the transaction, the executive vice president now directly owns 427,535 shares in the company, valued at $22,047,979.95. The disclosure for this sale can be found here. Insiders own 4.82% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in Axos Financial in the 3rd quarter worth approximately $541,000. Shaker Investments LLC OH increased its stake in shares of Axos Financial by 0.6% in the third quarter. Shaker Investments LLC OH now owns 469,802 shares of the company’s stock worth $17,787,000 after purchasing an additional 2,707 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Axos Financial by 20.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,305 shares of the company’s stock valued at $352,000 after purchasing an additional 1,587 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Axos Financial by 1.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,340 shares of the company’s stock valued at $959,000 after purchasing an additional 392 shares during the period. Finally, Emerald Advisers LLC boosted its holdings in Axos Financial by 38.6% in the 3rd quarter. Emerald Advisers LLC now owns 176,396 shares of the company’s stock worth $6,678,000 after buying an additional 49,110 shares during the period. 83.79% of the stock is owned by hedge funds and other institutional investors.

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.