ValuEngine lowered shares of PennyMac Financial Services (NYSE:PFSI) from a buy rating to a hold rating in a research report released on Friday.
Several other research firms also recently weighed in on PFSI. Compass Point reissued a hold rating and set a $23.00 price objective on shares of PennyMac Financial Services in a report on Tuesday, August 7th. Zacks Investment Research downgraded PennyMac Financial Services from a hold rating to a sell rating in a report on Thursday, October 4th. Finally, Barclays set a $24.00 price objective on PennyMac Financial Services and gave the company a buy rating in a report on Wednesday, July 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $24.80.
Shares of NYSE PFSI traded up $0.29 during mid-day trading on Friday, hitting $19.60. 145,496 shares of the stock traded hands, compared to its average volume of 160,190. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.27. PennyMac Financial Services has a twelve month low of $17.85 and a twelve month high of $25.20. The company has a market cap of $524.61 million, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 0.80 and a beta of 0.55.
PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.04. PennyMac Financial Services had a return on equity of 3.91% and a net margin of 11.03%. The company had revenue of $244.30 million for the quarter, compared to the consensus estimate of $241.49 million. On average, research analysts anticipate that PennyMac Financial Services will post 2.63 earnings per share for the current fiscal year.
In other PennyMac Financial Services news, insider Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $19.26, for a total transaction of $96,300.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Matthew Botein sold 10,000 shares of PennyMac Financial Services stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $19.11, for a total value of $191,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 80,000 shares of company stock worth $1,620,950 over the last ninety days. Company insiders own 42.06% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in PFSI. Assetmark Inc. lifted its holdings in PennyMac Financial Services by 2,681.9% during the 1st quarter. Assetmark Inc. now owns 8,012 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 7,724 shares during the period. Tower Research Capital LLC TRC lifted its holdings in PennyMac Financial Services by 94.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,425 shares of the real estate investment trust’s stock worth $244,000 after buying an additional 6,020 shares during the period. GSA Capital Partners LLP acquired a new position in PennyMac Financial Services during the 1st quarter worth about $252,000. MetLife Investment Advisors LLC lifted its holdings in PennyMac Financial Services by 75.5% during the 2nd quarter. MetLife Investment Advisors LLC now owns 12,814 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 5,514 shares during the period. Finally, Rhumbline Advisers lifted its holdings in PennyMac Financial Services by 28.4% during the 2nd quarter. Rhumbline Advisers now owns 19,822 shares of the real estate investment trust’s stock worth $390,000 after buying an additional 4,387 shares during the period. 90.30% of the stock is currently owned by hedge funds and other institutional investors.
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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