Wedbush Trims Axos Financial (NYSE:AX) Target Price to $75.00

Axos Financial (NYSE:AX) had its price target decreased by Wedbush from $80.00 to $75.00 in a research report released on Tuesday, Benzinga reports. Wedbush currently has a neutral rating on the stock. Wedbush also issued estimates for Axos Financial’s FY2026 earnings at $8.25 EPS.

AX has been the topic of several other reports. Piper Sandler upped their price objective on Axos Financial from $68.00 to $84.00 and gave the company an overweight rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods downgraded Axos Financial from an outperform rating to a market perform rating and set a $79.00 price objective for the company. in a report on Wednesday, July 31st. Finally, Raymond James upped their target price on shares of Axos Financial from $67.00 to $81.00 and gave the company an outperform rating in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $79.75.

Axos Financial Trading Down 0.4 %

NYSE AX opened at $62.29 on Tuesday. Axos Financial has a 12 month low of $32.05 and a 12 month high of $79.15. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.17. The stock’s fifty day moving average price is $66.76 and its 200-day moving average price is $59.25. The stock has a market cap of $3.55 billion, a P/E ratio of 8.45 and a beta of 1.40.

Axos Financial (NYSE:AX) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.80 EPS for the quarter, meeting the consensus estimate of $1.80. The company had revenue of $484.29 million for the quarter, compared to the consensus estimate of $296.02 million. Axos Financial had a net margin of 23.96% and a return on equity of 18.57%. During the same period in the prior year, the firm posted $1.50 EPS. As a group, equities analysts forecast that Axos Financial will post 7.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Andrew J. Micheletti sold 5,197 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $63.13, for a total transaction of $328,086.61. Following the completion of the sale, the executive vice president now owns 424,149 shares of the company’s stock, valued at approximately $26,776,526.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.82% of the company’s stock.

Institutional Investors Weigh In On Axos Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV increased its position in Axos Financial by 5.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 5,291 shares of the company’s stock worth $302,000 after buying an additional 266 shares in the last quarter. CWM LLC grew its stake in shares of Axos Financial by 5.4% during the 2nd quarter. CWM LLC now owns 5,208 shares of the company’s stock valued at $298,000 after acquiring an additional 269 shares during the period. SummerHaven Investment Management LLC increased its holdings in Axos Financial by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 17,645 shares of the company’s stock worth $1,008,000 after acquiring an additional 281 shares in the last quarter. Foundry Partners LLC lifted its holdings in Axos Financial by 5.8% during the second quarter. Foundry Partners LLC now owns 5,779 shares of the company’s stock valued at $330,000 after purchasing an additional 316 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Axos Financial by 8.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,318 shares of the company’s stock valued at $290,000 after purchasing an additional 394 shares in the last quarter. 83.79% of the stock is currently 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.