PennyMac Financial Services, Inc. (NYSE:PFSI) has received an average rating of “Hold” from the ten analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $20.33.

Several brokerages have recently commented on PFSI. BidaskClub upgraded shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Zacks Investment Research upgraded 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 restated 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.

Shares of PennyMac Financial Services (NYSE PFSI) remained flat at $$18.55 during trading on Monday. The company’s stock had a trading volume of 94,000 shares, compared to its average volume of 113,966. The firm has a market cap of $431.99, a PE ratio of 7.08, a PEG ratio of 1.66 and a beta of 0.63. PennyMac Financial Services has a twelve month low of $15.65 and a twelve month high of $19.35. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 1.66.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.71 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.71. The business had revenue of $250.64 million for the quarter, compared to analysts’ expectations of $238.59 million. PennyMac Financial Services had a net margin of 6.47% and a return on equity of 4.11%. The business’s quarterly revenue was down 14.0% compared to the same quarter last year. equities research analysts expect that PennyMac Financial Services will post 2.24 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 on Wednesday, September 6th. The shares were sold at an average price of $16.81, for a total value of $84,050.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Stanford L. Kurland sold 11,700 shares of PennyMac Financial Services stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $19.00, for a total transaction of $222,300.00. Following the completion of the sale, the insider now owns 11,702 shares in the company, valued at $222,338. The disclosure for this sale can be found here. Over the last quarter, insiders sold 172,424 shares of company stock worth $3,007,612. 45.64% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of PennyMac Financial Services by 5.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,634,763 shares of the real estate investment trust’s stock worth $27,301,000 after buying an additional 90,238 shares during the last quarter. Numeric Investors LLC increased its holdings in shares of PennyMac Financial Services by 72.1% in the 2nd quarter. Numeric Investors LLC now owns 776,152 shares of the real estate investment trust’s stock worth $12,962,000 after buying an additional 325,169 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of PennyMac Financial Services by 17.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 625,742 shares of the real estate investment trust’s stock worth $11,138,000 after buying an additional 93,918 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of PennyMac Financial Services by 2.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 397,176 shares of the real estate investment trust’s stock worth $6,633,000 after buying an additional 10,969 shares during the last quarter. Finally, ClariVest Asset Management LLC increased its holdings in shares of PennyMac Financial Services by 15.1% in the 2nd quarter. ClariVest Asset Management LLC now owns 240,195 shares of the real estate investment trust’s stock worth $4,012,000 after buying an additional 31,472 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

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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.

Analyst Recommendations for PennyMac Financial Services (NYSE:PFSI)

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