NewtekOne: 6x Earnings With A 6.5% Dividend Yield [Seeking Alpha]
Axos Financial, Inc. (AX)
Company Research
Source: Seeking Alpha
The company released its Q4-2023 earnings with robust growth in loan originations and an expanding net interest margin. We examine the setup and give you our verdict. Conservative Income Portfolio members get exclusive access to our real-world portfolio. See all our investments here » On our last coverage of NewtekOne, Inc. ( NASDAQ: NEWT ), we expanded the range of possible prices the stock would cover and suggested a defensive buy point for those looking for a value entry. For the next 12 months, we would look between $11.50-$16.00, with the higher end of that likely coming early in the year as NEWT rebounds from tax-loss selling. Investors should consider selling covered calls on a spike to enhance their yield. We think more downgrades to the earnings are probable, and that is the biggest risk factor for investors. We maintain a "hold" for now and might consider purchasing this under $12.00 down the line. NEWT decided that range was too constrictive and decided to trade
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AX
News
- Is Now The Time To Put Axos Financial (NYSE:AX) On Your Watchlist? [Yahoo! Finance]Yahoo! Finance
- Axos Financial (AX) Reports Next Week: Wall Street Expects Earnings Growth [Yahoo! Finance]Yahoo! Finance
- Axos Bank Named to the 2024 Forbes America's Best Banks [Yahoo! Finance]Yahoo! Finance
- Axos Bank Named to the 2024 Forbes America’s Best BanksBusiness Wire
- Axos: A Very Profitable Business At An Attractive Price [Seeking Alpha]Seeking Alpha
AX
Earnings
- 1/30/24 - Beat
AX
Sec Filings
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- AX's page on the SEC website