PennyMac Financial Services (PFSI) Earns Coverage Optimism Score of 0.14

Media headlines about PennyMac Financial Services (NYSE:PFSI) have trended somewhat positive on Monday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PennyMac Financial Services earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 44.7765755820265 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

PennyMac Financial Services (PFSI) opened at $21.35 on Monday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $497.20, a P/E ratio of 8.15, a price-to-earnings-growth ratio of 1.87 and a beta of 0.68. PennyMac Financial Services has a 1 year low of $15.65 and a 1 year high of $21.85.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.71 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.71. The company had revenue of $250.64 million for the quarter, compared to the consensus estimate of $238.59 million. PennyMac Financial Services had a return on equity of 4.11% and a net margin of 6.47%. PennyMac Financial Services’s quarterly revenue was down 14.0% on a year-over-year basis. equities analysts anticipate that PennyMac Financial Services will post 2.29 earnings per share for the current year.

A number of brokerages recently weighed in on PFSI. BidaskClub raised PennyMac Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. ValuEngine downgraded PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 17th. Piper Jaffray Companies reissued a “buy” rating on shares of PennyMac Financial Services in a research note on Tuesday, September 19th. Finally, Zacks Investment Research downgraded PennyMac Financial Services from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. PennyMac Financial Services currently has a consensus rating of “Hold” and an average price target of $20.33.

In other news, insider Jeffrey Grogin sold 18,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $17.04, for a total transaction of $306,720.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David M. Walker sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $16.72, for a total value of $83,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,010 shares of company stock worth $3,547,796. Company insiders own 45.64% of the company’s stock.

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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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