Shares of PennyMac Financial Services Inc (NYSE:PFSI) have been assigned an average rating of “Buy” from the eight analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $28.50.
PFSI has been the topic of a number of analyst reports. Barclays set a $25.00 price objective on shares of PennyMac Financial Services and gave the company a “buy” rating in a report on Tuesday, December 12th. Zacks Investment Research upgraded shares of PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, December 26th. Keefe, Bruyette & Woods lowered shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a report on Monday, January 8th. Finally, Wedbush initiated coverage on shares of PennyMac Financial Services in a report on Friday, February 16th. They issued an “outperform” rating and a $30.00 price objective on the stock.
PFSI stock traded down $0.10 during trading on Friday, reaching $23.85. 4,866 shares of the company’s stock were exchanged, compared to its average volume of 198,266. The firm has a market cap of $564.70, a price-to-earnings ratio of 5.90, a PEG ratio of 1.53 and a beta of 0.56. PennyMac Financial Services has a 12 month low of $15.65 and a 12 month high of $25.20. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.17 and a current ratio of 0.17.
PennyMac Financial Services (NYSE:PFSI) last released its earnings results on Thursday, February 8th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.02). PennyMac Financial Services had a return on equity of 3.50% and a net margin of 10.55%. The business had revenue of $298.63 million for the quarter, compared to analyst estimates of $238.86 million. During the same quarter last year, the company earned $1.00 earnings per share. PennyMac Financial Services’s quarterly revenue was up 3.2% compared to the same quarter last year. analysts predict that PennyMac Financial Services will post 3.13 EPS for the current year.
In related news, insider Anne Mccallion sold 1,524 shares of the stock in a transaction on Saturday, April 21st. The shares were sold at an average price of $16.60, for a total value of $25,298.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Daniel Stanley Perotti sold 16,325 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $24.39, for a total transaction of $398,166.75. The disclosure for this sale can be found here. Insiders sold a total of 296,479 shares of company stock worth $6,792,068 over the last 90 days. Company insiders own 45.64% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC purchased a new position in shares of PennyMac Financial Services in the 4th quarter valued at $163,000. Voya Investment Management LLC purchased a new position in shares of PennyMac Financial Services in the 2nd quarter valued at $174,000. Victory Capital Management Inc. grew its position in shares of PennyMac Financial Services by 52.0% in the 3rd quarter. Victory Capital Management Inc. now owns 10,585 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 3,621 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of PennyMac Financial Services by 11.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,732 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 1,312 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of PennyMac Financial Services in the 4th quarter valued at $231,000. 93.29% of the stock is currently owned by hedge funds and other institutional investors.
About PennyMac Financial Services
PennyMac Financial Services, Inc (PFSI) is a financial services company. The Company is focused on the production and servicing of the United States residential mortgage loans and the management of investments related to the United States mortgage market. The Company operates through three segments: loan production, loan servicing and investment management.
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