News headlines about PennyMac Financial Services (NYSE:PFSI) have been trending somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. PennyMac Financial Services earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 42.2128863178926 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern’s analysis:
Several analysts recently weighed in on PFSI shares. Zacks Investment Research upgraded PennyMac Financial Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. ValuEngine upgraded PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Barclays set a $25.00 price objective on PennyMac Financial Services and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods downgraded PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $24.00.
PennyMac Financial Services (PFSI) traded down $0.05 during trading on Tuesday, hitting $22.10. The company had a trading volume of 25,161 shares, compared to its average volume of 186,196. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.16 and a quick ratio of 0.16. The company has a market cap of $514.68, a P/E ratio of 5.43, a PEG ratio of 1.40 and a beta of 0.64. PennyMac Financial Services has a 1-year low of $15.65 and a 1-year high of $24.00.
PennyMac Financial Services (NYSE:PFSI) last posted its earnings results on Thursday, February 8th. The real estate investment trust reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.02). The company had revenue of $298.63 million for the quarter, compared to the consensus estimate of $238.86 million. PennyMac Financial Services had a return on equity of 3.62% and a net margin of 10.55%. PennyMac Financial Services’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.00 EPS. sell-side analysts anticipate that PennyMac Financial Services will post 3.13 EPS for the current year.
In other news, insider David M. Walker sold 10,000 shares of PennyMac Financial Services stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $18.98, for a total value of $189,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stanford L. Kurland sold 11,702 shares of PennyMac Financial Services stock in a transaction on Monday, November 27th. The shares were sold at an average price of $20.00, for a total value of $234,040.00. The disclosure for this sale can be found here. Insiders have sold a total of 272,884 shares of company stock valued at $5,973,615 over the last ninety days. 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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