Axos Financial (NYSE:AX) Lifted to Buy at Compass Point

Compass Point upgraded shares of Axos Financial (NYSE:AX) from a neutral rating to a buy rating in a report released on Wednesday, BenzingaRatingsTable reports.

A number of other brokerages have also commented on AX. ValuEngine lowered shares of Axos Financial from a sell rating to a strong sell rating in a research report on Saturday, June 22nd. Zacks Investment Research raised shares of Axos Financial from a sell rating to a hold rating in a research report on Tuesday, July 23rd. Finally, B. Riley set a $33.00 price objective on shares of Axos Financial and gave the stock a buy rating in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $38.80.

Shares of AX stock opened at $26.67 on Wednesday. The stock has a fifty day simple moving average of $26.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.12. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 0.92 and a beta of 0.97. Axos Financial has a 12 month low of $23.87 and a 12 month high of $43.17.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.02. The business had revenue of $123.70 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $0.59 earnings per share. As a group, equities analysts predict that Axos Financial will post 3.17 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Icon Advisers Inc. Co. grew its stake in Axos Financial by 33.8% during the second quarter. Icon Advisers Inc. Co. now owns 56,200 shares of the company’s stock worth $1,710,000 after buying an additional 14,200 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Axos Financial by 3.3% during the second quarter. Envestnet Asset Management Inc. now owns 15,950 shares of the company’s stock worth $435,000 after buying an additional 514 shares in the last quarter. CWM LLC boosted its stake in shares of Axos Financial by 6.9% in the 2nd quarter. CWM LLC now owns 6,200 shares of the company’s stock valued at $169,000 after purchasing an additional 400 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Axos Financial by 4.6% in the 2nd quarter. Aperio Group LLC now owns 16,534 shares of the company’s stock valued at $451,000 after purchasing an additional 733 shares in the last quarter. Finally, Dfpg Investments Inc. acquired a new stake in shares of Axos Financial in the 2nd quarter valued at approximately $548,000. 72.95% of the stock is currently owned by hedge funds and other institutional investors.

About Axos Financial

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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Analyst Recommendations for Axos Financial (NYSE:AX)

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