PennyMac Financial Services (PFSI) Receives Daily Media Sentiment Score of 0.14

Media headlines about PennyMac Financial Services (NYSE:PFSI) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. PennyMac Financial Services earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 44.2214775908745 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

PennyMac Financial Services (NYSE PFSI) traded up $0.10 during midday trading on Friday, hitting $23.80. 124,351 shares of the stock traded hands, compared to its average volume of 284,420. PennyMac Financial Services has a one year low of $15.65 and a one year high of $24.00. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $554.27, a price-to-earnings ratio of 12.40, a P/E/G ratio of 1.62 and a beta of 0.68.

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

Several analysts have commented on the stock. Zacks Investment Research raised shares of PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Saturday. BidaskClub raised shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of PennyMac Financial Services in a research report on Tuesday, September 19th. Barclays set a $25.00 price objective on shares of PennyMac Financial Services and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Finally, ValuEngine raised shares of PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 15th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $23.75.

In related news, insider Stanford L. Kurland sold 11,702 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $20.00, for a total transaction of $234,040.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anne Mccallion sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $18.50, for a total transaction of $92,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 198,060 shares of company stock worth $4,149,517. 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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