Shares of PennyMac Financial Services Inc (NYSE:PFSI) have been given an average recommendation of “Buy” by the six ratings firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $24.00.
PFSI has been the topic of several recent analyst reports. Wedbush reaffirmed an “outperform” rating on shares of PennyMac Financial Services in a research note on Thursday, April 4th. Zacks Investment Research lowered GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th.
In related news, insider Anne Mccallion sold 10,000 shares of the stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $22.70, for a total transaction of $227,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David Spector sold 39,940 shares of the stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $22.60, for a total value of $902,644.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 200,940 shares of company stock worth $4,451,774. Corporate insiders own 22.17% of the company’s stock.
NYSE:PFSI traded down $0.04 during trading hours on Friday, hitting $22.94. The company had a trading volume of 273,082 shares, compared to its average volume of 370,113. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 1.64. The business’s 50-day moving average price is $21.99. The firm has a market capitalization of $1.80 billion, a P/E ratio of 8.86, a P/E/G ratio of 0.77 and a beta of 0.47. PennyMac Financial Services has a 1 year low of $18.77 and a 1 year high of $24.50.
PennyMac Financial Services (NYSE:PFSI) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.04). PennyMac Financial Services had a net margin of 11.79% and a return on equity of 6.57%. The company had revenue of $247.71 million during the quarter, compared to analysts’ expectations of $246.88 million. On average, equities analysts expect that PennyMac Financial Services will post 2.98 earnings per share for the current year.
PennyMac Financial Services Company Profile
PennyMac Financial Services, Inc, through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. It operates through three segments: Loan Production, Loan Servicing, and Investment Management. The Loan Production segment is involved in the origination, acquisition, and sale of mortgage loans.
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