KBW analyst Michael Perito maintained a Buy rating on Axos Financial (AX – Research Report) yesterday and set a price target of $77.00. The company’s shares closed yesterday at $53.16.
Perito covers the Financial sector, focusing on stocks such as Axos Financial, Customers Bancorp, and F.N.B.. According to TipRanks, Perito has an average return of 13.9% and a 61.99% success rate on recommended stocks.
Currently, the analyst consensus on Axos Financial is a Strong Buy with an average price target of $70.00, which is a 31.68% upside from current levels. In a report released on February 1, D.A. Davidson also maintained a Buy rating on the stock with a $76.00 price target.
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Based on Axos Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $352.74 million and a net profit of $151.77 million. In comparison, last year the company earned a revenue of $228.24 million and had a net profit of $81.55 million
Based on the recent corporate insider activity of 146 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 (AX) Company Description:
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.
Read More on AX:
- Axos Financial Announces $100 Million Stock Buyback Program
- Axos Financial price target raised to $76 from $65 at DA Davidson
- Axos Financial Begins New Investor Meeting Presentations
- Axos Financial price target raised to $65 from $59 at Piper Sandler
- Axos Financial reports Q2 adjusted EPS $1.60, consensus $1.39
