Shares of Axos Financial Inc. (NYSE:AX) traded today at $52.50, eclipsing its 52-week high. So far today approximately 58,000 shares have been exchanged, as compared to an average 30-day volume of 326,000 shares.
Based on a current price of $52.07, Axos Financial Inc. is currently 16.7% above its average consensus analyst price target of $43.36.
Axos Financial Inc is a bank holding company that operates through its bank subsidiary, BofI Federal Bank, a nationwide bank that provides financing for single and multifamily residential properties, small to medium-size businesses in certain sectors, and selected specialty finance receivables. Its operating segments are banking and securities business. The bank distributed its products through a wide range of retail distribution channels, including only banking brands, affinity groups, and sales teams, among others. The majority of the bank’s mortgage exposure is titled toward the state of California, particularly its southern region. Net interest income is a majority of the bank’s revenue.
In the past 52 weeks, shares of Axos Financial Inc. have traded between a low of $13.69 and a high of $52.50 and is now at $52.07, which is 280% above that low price.
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