
AX Stock Forecast & Price Target
AX Analyst Ratings
Bulls say
Axos Financial Inc has shown promising growth in its loan pipeline, which increased by approximately 11.2% quarter-over-quarter to reach $2.148 billion, indicating a robust trajectory for future loan growth. Despite an increase in non-performing assets (NPAs) to $252 million, which represents 1.26% of loans and other real estate owned, the company anticipates better net interest margins (NIM) due to improved funding costs and a steeper yield curve. The company's proactive strategies to identify new opportunities on the asset side of the balance sheet, combined with a solid increase in average deposits of 9%, provide a favorable outlook for strengthened earnings and overall financial health in the coming periods.
Bears say
Axos Financial Inc. reported a notable end-of-period (EOP) deposit decline of 0.8%, translating to a decrease of $38.4 million, contrasting with a previous quarter's growth of 12.7% or $614.1 million. Additionally, the bank's net interest-bearing (NIB) to total deposit ratio fell to 15.0%, down from 15.3% in the prior quarter, indicating potential pressure on profitability. Concerns surrounding credit performance, particularly amid a possible decline in home values, suggest that asset quality metrics may deteriorate, further threatening Axos Financial’s profitability and regulatory capital ratios.
This aggregate rating is based on analysts' research of Axos Financial Inc. and is not a guaranteed prediction by Public.com or investment advice.
AX Analyst Forecast & Price Prediction
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