News headlines about PennyMac Financial Services (NYSE:PFSI) have trended somewhat positive on Friday, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PennyMac Financial Services earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 42.5101885653439 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
PennyMac Financial Services (NYSE PFSI) traded up 3.89% on Friday, hitting $18.70. 131,517 shares of the company were exchanged. The company has a market capitalization of $439.64 million, a P/E ratio of 6.32 and a beta of 0.62. PennyMac Financial Services has a 52 week low of $15.65 and a 52 week high of $19.35. The firm’s 50 day moving average is $17.75 and its 200 day moving average is $17.08.
PennyMac Financial Services (NYSE:PFSI) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.22). The business had revenue of $201.72 million during the quarter, compared to analysts’ expectations of $181.89 million. PennyMac Financial Services had a return on equity of 4.79% and a net margin of 6.87%. On average, equities research analysts forecast that PennyMac Financial Services will post $2.62 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on the stock. BidaskClub upgraded shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a report 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 report on Tuesday, October 17th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of PennyMac Financial Services in a research report on Tuesday, September 19th. Finally, ValuEngine downgraded shares of PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.25.
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In other news, insider David M. Walker sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $18.17, for a total transaction of $181,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey Grogin sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $16.60, for a total transaction of $49,800.00. The disclosure for this sale can be found here. Insiders have sold 168,565 shares of company stock worth $2,919,353 over the last ninety days. 45.64% of the stock is owned by insiders.
PennyMac Financial Services Company Profile
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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