Piper Sandler analyst Andrew Liesch maintained a Buy rating on Axos Financial (AX – Research Report) today and set a price target of $63.00. The company’s shares closed yesterday at $46.35.
Liesch covers the Financial sector, focusing on stocks such as First Busey, Southern Missouri Bancorp, and Central Valley Community Bancorp. According to TipRanks, Liesch has an average return of 1.6% and a 42.68% success rate on recommended stocks.
Axos Financial has an analyst consensus of Strong Buy, with a price target consensus of $56.00, which is a 20.82% upside from current levels. In a report released today, D.A. Davidson also maintained a Buy rating on the stock with a $56.00 price target.
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Based on Axos Financial’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $231.23 million and a net profit of $79.85 million. In comparison, last year the company earned a revenue of $178.31 million and had a net profit of $61.82 million
Based on the recent corporate insider activity of 134 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AX in relation to earlier this year.
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Axos Financial, Inc. is a holding company, which engages in the provision of banking and financing services. It operates through the following segments: Banking Business, Securities Business, and Corporate. The Banking Business segment includes online banking, concierge banking, prepaid card services, and mortgage, vehicle, and unsecured lending through online and telephonic distribution channels. The Securities Business segment involves the clearing broker-dealer, registered investment advisor, and introducing broker-dealer lines of businesses. The company was founded on July 6, 1999 and is headquartered in Las Vegas, NV.
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