Keefe, Bruyette & Woods Reiterates Market Perform Rating on Axos Financial (AX)

Keefe, Bruyette & Woods analyst Kelly Motta reiterated a Market Perform rating and $94.00 price target on Axos Financial (NYSE: AX).

The analyst commented: "We expect AX will redeem the $160.5mm of existing sub debt when it becomes callable next month. Therefore, the net impact of the $200mm sub-debt raise has a minimal impact to capital and our estimates. AX is a high- performing bank possessing both above-average profitability and growth as the bank gains share in niche verticals. For this, we believe the premium (currently 11.3x 2026E / 2.0x TBV, or 10-27% above the KRX) has been rightly earned. Nevertheless, as the relative valuation has widened this year, we rate the stock Market Perform with any additional near-term outperformance likely dictated by estimate revisions."

For an analyst ratings summary and ratings history on Axos Financial click here. For more ratings news on Axos Financial click here.

Shares of Axos Financial closed at $87.60 yesterday.

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