Axos Financial (NYSE:AX) Hits New 1-Year High at $60.23

Shares of Axos Financial, Inc. (NYSE:AX) hit a new 52-week high on Monday . The company traded as high as $60.23 and last traded at $59.68, with a volume of 608115 shares trading hands. The stock had previously closed at $57.53.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AX shares. 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 reaffirmed an “outperform” rating and set a $79.00 price objective (up previously from $77.00) on shares of Axos Financial in a research note on Thursday. StockNews.com raised shares of Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Wedbush restated a “neutral” rating and issued a $60.00 price target on shares of Axos Financial in a research report on Wednesday, May 1st. Finally, Raymond James lifted their price objective on Axos Financial from $45.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $67.25.

Axos Financial Price Performance

The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 7.87 and a beta of 1.42. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The stock’s fifty day moving average price is $51.59 and its 200-day moving average price is $48.99.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.21. Axos Financial had a return on equity of 18.57% and a net margin of 24.39%. The company had revenue of $476.73 million during the quarter, compared to analyst estimates of $277.85 million. During the same period in the prior year, the business posted $1.35 earnings per share. As a group, equities research analysts forecast that Axos Financial, Inc. will post 6.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Axos Financial news, EVP Andrew J. Micheletti sold 1,548 shares of Axos Financial stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $51.57, for a total transaction of $79,830.36. Following the completion of the sale, the executive vice president now directly owns 427,535 shares in the company, valued at $22,047,979.95. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Sara Wardell-Smith bought 5,000 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 5,000 shares in the company, valued at $248,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andrew J. Micheletti sold 1,548 shares of the company’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 transaction, the executive vice president now owns 427,535 shares in the company, valued at $22,047,979.95. The disclosure for this sale can be found here. Corporate insiders own 4.82% of the company’s stock.

Institutional Investors Weigh In On Axos Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Qube Research & Technologies Ltd grew its stake in shares of Axos Financial by 80.3% in the third quarter. Qube Research & Technologies Ltd now owns 142,646 shares of the company’s stock worth $5,401,000 after acquiring an additional 63,523 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in Axos Financial by 9.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 642,062 shares of the company’s stock worth $24,308,000 after purchasing an additional 56,634 shares during the period. Cerity Partners LLC acquired a new stake in Axos Financial in the 4th quarter valued at about $260,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Axos Financial in the 3rd quarter valued at about $1,225,000. Finally, Federated Hermes Inc. boosted its stake in shares of Axos Financial by 960,400.0% in the 3rd quarter. Federated Hermes Inc. now owns 48,025 shares of the company’s stock valued at $1,818,000 after buying an additional 48,020 shares during the period. Hedge funds and other institutional investors own 83.79% of the company’s stock.

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.