
Current Price | $39.12 | Mkt Cap | $2.3B |
---|---|---|---|
Open | $38.37 | P/E Ratio | 8.53 |
Prev. Close | $39.12 | Div. (Yield) | $0.00 (0.0%) |
Daily Range | $37.90 - $39.22 | Volume | 364,862 |
52-Wk Range | $33.15 - $51.46 | Avg. Daily Vol. | 618,923 |
A holding company for Bank of Internet USA that provides consumer banking services, focusing on gathering retail deposits over the Internet and originating and purchasing multifamily, single-family and home equity mortgage loans.
Current Price | $39.12 | Mkt Cap | $2.3B |
---|---|---|---|
Open | $38.37 | P/E Ratio | 8.53 |
Prev. Close | $39.12 | Div. (Yield) | $0.00 (0.0%) |
Daily Range | $37.90 - $39.22 | Volume | 364,862 |
52-Wk Range | $33.15 - $51.46 | Avg. Daily Vol. | 618,923 |
The best Bull and Bear pitches based on recency and number of recommendations.
One of the best banks to own is a bank you have never heard of. Price was $6.66 on Nov-2012, now $33.33Over the last 8 years, it has done better than all Canadian banks as well as India's superstar bank HDB (HDFC Bank).It's just not the stock that… More
Mixed messages. I think we see some credit-related fireworks in the next twelve months.
Read the most recent pitches from players about AX.
Recs
One of the best banks to own is a bank you have never heard of.
Price was $6.66 on Nov-2012, now $33.33
Over the last 8 years, it has done better than all Canadian banks as well as India's superstar bank HDB (HDFC Bank).
It's just not the stock that has done well the business has grown as well.
Total Deposits were at $1.6 billion in 2012, and now at $11 billion
Shareholder equity grew from $206 million in 2012 to $1.6 billion now
The current market cap is $1.97 billion
Why is this bank so good?
Low efficiency ratio (basically lower the better)
Very nice ROE
Reasonably well managed NPA
Lots of room to grow deposits and loans because they are small in sie.
Real reason it is so successful is it is a branchless bank. Bank branches are expensive to maintain and inefficient. They are a huge cost to the bank. To compensate for the lack of branch, Axos gives more interest on checking and savings to attract deposits. The model has worked quite well over the last 8 years. We will see how it goes over the next 8.
With $11 billion at Axos and trillions at JPMorgan, Bank of America, Wells Fargo etc, Axos will never run out of growth prospects.
Banks are limited by their capital for growth. AXOS generates sufficiently high ROE to grow their book value, deposits, loans and profits. EPS now is $3.02 up from 64c in 2012 or $1.88 in 2016
If EPS grows at same pace as in last 4 years, for the next 8 years, we will get EPS of $12.50 by 2028 and stock price around $110 to $150 up from $33.37.
Recs
A small cap online bank with no physical branches and two decades of operating history. Loan origination and earnings evidence high double-digit CAGR, while NPA's are well below 1% indicating robust credit quality (even during the pandemic), courtesy of sub 60% LTV's on most of the secured portfolio and prudent underwriting criteria. Efficiency ratio is exceptional given the low overhead model and high NIM. A compounding machine.
Recs
Banks have taken a beating due to COVID-19 and while AX is riskier than the big banks it has shown long-term operating excellence growing EPS each year while not over leveraging its balance sheet. Current Earnings yield is an impresive 13.5%
Find the members with the highest scoring picks in AX.
seanchile (52.66) Score: +1,019.26
The Score Leader is the player with the highest score across all their picks in AX.
Top Pick |
Member Name |
Member Rating |
Start Date |
Call |
Time Frame |
Start Price |
Stock Gain |
Index Gain |
Score | Commentary |
---|---|---|---|---|---|---|---|---|---|---|
seanchile | 52.66 | 8/24/2010 |
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3Y | $2.76 | +1,317.39% | +298.13% | +1,019.26 | 0 Comment | |
Klavierspieler | 77.21 | 9/30/2010 |
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5Y | $3.00 | +1,206.18% | +266.64% | +939.54 | 0 Comment | |
pumacad | 37.03 | 9/14/2010 |
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1Y | $3.02 | +1,195.36% | +274.95% | +920.41 | 0 Comment | |
osubucks30 | < 20 | 8/19/2010 |
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1Y | $3.02 | +1,197.43% | +291.30% | +906.13 | 0 Comment | |
ScientistSteve | < 20 | 9/13/2010 |
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5Y | $3.09 | +1,165.00% | +274.68% | +890.31 | 0 Comment | |
whatismoney | 76.86 | 10/21/2010 |
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5Y | $3.16 | +1,137.00% | +254.81% | +882.19 | 0 Comment | |
ross812 | 97.27 | 2/19/2010 |
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3W | $3.17 | +1,134.07% | +279.13% | +854.94 | 0 Comment | |
safully1 | 38.23 | 10/19/2010 |
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5Y | $3.24 | +1,108.34% | +258.45% | +849.89 | 0 Comment | |
totalcellular | 71.36 | 2/22/2010 |
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1Y | $3.24 | +1,106.48% | +278.14% | +828.33 | 0 Comment | |
soth12 | 49.17 |
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5Y | $3.44 | +1,038.04% | +223.93% | +814.11 | 0 Comment |
See what the Wall Street professionals think, according to their public statements and filings.