Zacks Investment Research upgraded shares of Axos Financial (NYSE:AX) from a sell rating to a hold rating in a research report report published on Wednesday, Zacks.com reports.
According to Zacks, “Axos Financial Inc. is the holding company for BofI Federal Bank, which provides financing for single and multifamily residential properties, small-to-medium size businesses in target sectors and selected specialty finance receivables. BofI Federal Bank provides consumer and business banking products. Axos Financial Inc., formerly known as BofI Holding Inc., is based in San Diego, California. “
Other equities research analysts also recently issued reports about the stock. Compass Point raised shares of Axos Financial from a neutral rating to a buy rating in a research report on Wednesday, July 31st. B. Riley set a $33.00 target price on shares of Axos Financial and gave the stock a buy rating in a research report on Thursday, July 11th. Finally, ValuEngine upgraded shares of Axos Financial from a sell rating to a hold rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Axos Financial has an average rating of Buy and an average target price of $37.00.
NYSE:AX opened at $29.45 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a 50-day moving average of $27.30 and a 200-day moving average of $28.13. The company has a market cap of $1.80 billion, a PE ratio of 10.63, a PEG ratio of 0.97 and a beta of 1.01. Axos Financial has a one year low of $23.87 and a one year high of $34.25.
Axos Financial (NYSE:AX) last posted its earnings results on Tuesday, July 30th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.66 by $0.02. The company had revenue of $123.70 million during the quarter, compared to the consensus estimate of $124.58 million. Axos Financial had a net margin of 23.92% and a return on equity of 16.79%. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 earnings per share. On average, equities research analysts expect that Axos Financial will post 3.02 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in AX. Doyle Wealth Management purchased a new position in Axos Financial in the second quarter valued at about $35,000. Steward Partners Investment Advisory LLC purchased a new position in Axos Financial in the second quarter valued at about $39,000. NumerixS Investment Technologies Inc purchased a new position in Axos Financial in the second quarter valued at about $55,000. Quantamental Technologies LLC purchased a new position in Axos Financial in the second quarter valued at about $154,000. Finally, CWM LLC boosted its stake in Axos Financial by 6.9% in the second quarter. CWM LLC now owns 6,200 shares of the company’s stock valued at $169,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.
Axos Financial Company Profile
Axos Financial, Inc operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; prime loans to customers secured by new and used automobiles; and term unsecured personal loans to individual borrowers, as well as overdraft lines of credit.
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