Axos Financial’s (AX) Outperform Rating Reaffirmed at Raymond James

Raymond James reissued their outperform rating on shares of Axos Financial (NYSE:AX) in a research note issued to investors on Wednesday,Benzinga reports. Raymond James currently has a $80.00 target price on the stock, up from their prior target price of $75.00.

A number of other equities analysts have also recently issued reports on AX. StockNews.com upgraded Axos Financial from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Keefe, Bruyette & Woods cut their price objective on Axos Financial from $91.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday. Finally, Needham & Company LLC upped their price objective on shares of Axos Financial from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $83.40.

Axos Financial Stock Performance

AX stock opened at $69.50 on Wednesday. The company has a 50-day simple moving average of $74.78 and a 200 day simple moving average of $70.32. The company has a market capitalization of $3.97 billion, a P/E ratio of 8.41 and a beta of 1.46. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.17. Axos Financial has a fifty-two week low of $44.10 and a fifty-two week high of $88.46.

Axos Financial (NYSE:AX) last announced its earnings results on Tuesday, January 28th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.99% and a net margin of 24.07%. Sell-side analysts predict that Axos Financial will post 7.07 earnings per share for the current fiscal year.

Insider Transactions at Axos Financial

In other Axos Financial news, CEO Gregory Garrabrants sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.89, for a total value of $10,236,250.00. Following the completion of the sale, the chief executive officer now owns 1,340,377 shares in the company, valued at approximately $109,763,472.53. This trade represents a 8.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward James Ratinoff sold 4,002 shares of the company’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 transaction, the director now 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 disclosure for this sale can be found here. 5.07% of the stock is currently owned by corporate insiders.

Institutional Trading of Axos Financial

Institutional investors have recently bought and sold shares of the stock. Hancock Whitney Corp boosted its holdings in shares of Axos Financial by 1.3% in the 3rd quarter. Hancock Whitney Corp now owns 10,931 shares of the company’s stock worth $687,000 after acquiring an additional 142 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Axos Financial by 4.4% during the third quarter. Crossmark Global Holdings Inc. now owns 3,836 shares of the company’s stock worth $241,000 after purchasing an additional 162 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Axos Financial by 45.7% in the third quarter. GAMMA Investing LLC now owns 982 shares of the company’s stock valued at $62,000 after buying an additional 308 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Axos Financial by 2.1% in the third quarter. Amalgamated Bank now owns 15,956 shares of the company’s stock valued at $1,003,000 after buying an additional 322 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its position in Axos Financial by 0.8% during the 3rd quarter. New York State Teachers Retirement System now owns 42,847 shares of the company’s stock worth $2,694,000 after buying an additional 348 shares in the last quarter. Institutional investors and hedge funds 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.