PennyMac Financial Services Inc (PFSI) Receives $24.75 Consensus PT from Analysts

PennyMac Financial Services Inc (NYSE:PFSI) has been given a consensus recommendation of “Buy” by the seven brokerages that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $24.75.

Several research firms have weighed in on PFSI. Zacks Investment Research raised PennyMac Financial Services from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 17th. ValuEngine upgraded PennyMac Financial Services from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Finally, Barclays lowered their price target on PennyMac Financial Services from $24.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, October 24th.

NYSE:PFSI opened at $22.00 on Wednesday. PennyMac Financial Services has a 1-year low of $18.77 and a 1-year high of $25.20. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $554.40 million, a price-to-earnings ratio of 8.49, a P/E/G ratio of 0.78 and a beta of 0.40.

PennyMac Financial Services (NYSE:PFSI) last released its earnings results on Thursday, February 7th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.08. PennyMac Financial Services had a return on equity of 4.80% and a net margin of 8.91%. The firm had revenue of $251.20 million for the quarter, compared to analyst estimates of $238.79 million. Research analysts anticipate that PennyMac Financial Services will post 2.81 EPS for the current year.

In other PennyMac Financial Services news, insider Anne Mccallion sold 6,100 shares of the stock in a transaction dated Tuesday, December 18th. The stock was sold at an average price of $21.69, for a total value of $132,309.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 31,100 shares of company stock valued at $667,659 over the last 90 days. Corporate insiders own 42.06% of the company’s stock.

Several large investors have recently bought and sold shares of PFSI. Bank of New York Mellon Corp grew its holdings in shares of PennyMac Financial Services by 9.4% during the second quarter. Bank of New York Mellon Corp now owns 120,858 shares of the real estate investment trust’s stock worth $2,375,000 after buying an additional 10,378 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of PennyMac Financial Services by 19.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 42,175 shares of the real estate investment trust’s stock worth $829,000 after buying an additional 7,000 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of PennyMac Financial Services by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 785,485 shares of the real estate investment trust’s stock worth $15,435,000 after buying an additional 47,991 shares in the last quarter. Northern Trust Corp grew its holdings in shares of PennyMac Financial Services by 26.8% during the second quarter. Northern Trust Corp now owns 232,781 shares of the real estate investment trust’s stock worth $4,574,000 after buying an additional 49,169 shares in the last quarter. Finally, United Services Automobile Association grew its holdings in shares of PennyMac Financial Services by 65.5% during the second quarter. United Services Automobile Association now owns 89,948 shares of the real estate investment trust’s stock worth $1,767,000 after buying an additional 35,600 shares in the last quarter. Institutional investors and hedge funds own 92.22% of the company’s stock.

PennyMac Financial Services Company Profile

PennyMac Financial Services, Inc a specialty financial services company, engages in the mortgage banking and investment management activities in the United States. It is involved in the origination, acquisition, and sale of mortgage loans. The company originates first-lien residential conventional and government-insured or guaranteed mortgage loans to allow customers to purchase or refinance their homes.

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Analyst Recommendations for PennyMac Financial Services (NYSE:PFSI)

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