PennyMac Financial Services, Inc. (NYSE:PFSI) has earned an average rating of “Hold” from the ten analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $20.33.
Several research firms have commented on PFSI. BidaskClub raised shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Zacks Investment Research raised shares of PennyMac Financial Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Piper Jaffray Companies reissued a “buy” rating on shares of PennyMac Financial Services in a research note on Tuesday, September 19th. Finally, ValuEngine downgraded shares of PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 17th.
In other PennyMac Financial Services news, insider Jeffrey Grogin sold 3,000 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $16.60, for a total transaction of $49,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David M. Walker sold 10,000 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $17.05, for a total transaction of $170,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,424 shares of company stock worth $3,476,212. 45.64% of the stock is owned by insiders.
PennyMac Financial Services (NYSE:PFSI) traded up $0.50 during mid-day trading on Monday, hitting $19.40. 108,592 shares of the company’s stock traded hands, compared to its average volume of 175,381. The stock has a market capitalization of $440.16, a P/E ratio of 7.18, a PEG ratio of 1.68 and a beta of 0.63. PennyMac Financial Services has a 52-week low of $15.65 and a 52-week high of $19.55. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.16 and a quick ratio of 0.16.
PennyMac Financial Services (NYSE:PFSI) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.71 EPS for the quarter, hitting the consensus estimate of $0.71. The firm had revenue of $250.64 million for the quarter, compared to the consensus estimate of $238.59 million. PennyMac Financial Services had a net margin of 6.47% and a return on equity of 4.11%. The firm’s revenue for the quarter was down 14.0% compared to the same quarter last year. equities analysts forecast that PennyMac Financial Services will post 2.24 EPS for the current fiscal year.
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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