Somewhat Favorable Press Coverage Somewhat Unlikely to Impact PennyMac Financial Services (PFSI) Stock Price
News coverage about PennyMac Financial Services (NYSE:PFSI) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. PennyMac Financial Services earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.8557327860847 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several research analysts recently commented on PFSI shares. Zacks Investment Research lowered shares of PennyMac Financial Services from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. ValuEngine lowered shares of PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 17th. Piper Jaffray Companies restated a “buy” rating on shares of PennyMac Financial Services in a report on Tuesday, September 19th. Finally, BidaskClub upgraded shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $20.33.
Shares of PennyMac Financial Services (PFSI) remained flat at $$18.55 during trading hours on Friday. 94,000 shares of the company were exchanged, compared to its average volume of 113,237. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.16 and a quick ratio of 0.27. PennyMac Financial Services has a 52-week low of $15.65 and a 52-week high of $19.35. The company has a market cap of $436.13, a price-to-earnings ratio of 7.08, a P/E/G ratio of 1.66 and a beta of 0.63.
PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.71. PennyMac Financial Services had a net margin of 6.47% and a return on equity of 4.11%. The company had revenue of $250.64 million during the quarter, compared to the consensus estimate of $238.59 million. The business’s revenue for the quarter was down 14.0% compared to the same quarter last year. equities analysts predict that PennyMac Financial Services will post 2.24 EPS for the current fiscal year.
In other PennyMac Financial Services news, insider Jeffrey Grogin sold 2,712 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $18.00, for a total value of $48,816.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David M. Walker sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $17.05, for a total transaction of $170,500.00. The disclosure for this sale can be found here. Insiders sold 172,424 shares of company stock valued at $3,007,612 in the last ninety days. 45.64% of the stock is owned by corporate insiders.
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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