PennyMac Financial Services Inc (NYSE:PFSI) has received an average recommendation of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $20.33.

Several equities analysts have recently issued reports on the company. ValuEngine downgraded PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 17th. Piper Jaffray Companies reiterated a “buy” rating on shares of PennyMac Financial Services in a research report on Tuesday, September 19th. BidaskClub upgraded PennyMac Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, Zacks Investment Research upgraded PennyMac Financial Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th.

In other PennyMac Financial Services news, insider Anne Mccallion sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $21.58, for a total value of $215,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey Grogin sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $16.87, for a total value of $50,610.00. The disclosure for this sale can be found here. Insiders sold 167,010 shares of company stock valued at $3,088,946 over the last 90 days. 45.64% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. lifted its position in PennyMac Financial Services by 1,652.1% in the second quarter. Citigroup Inc. now owns 6,150 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 5,799 shares during the period. Victory Capital Management Inc. lifted its position in PennyMac Financial Services by 17.6% in the second quarter. Victory Capital Management Inc. now owns 6,964 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 1,042 shares during the period. Voya Investment Management LLC acquired a new stake in PennyMac Financial Services in the second quarter worth approximately $174,000. The Manufacturers Life Insurance Company lifted its position in shares of PennyMac Financial Services by 11.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,732 shares of the real estate investment trust’s stock valued at $213,000 after acquiring an additional 1,312 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in shares of PennyMac Financial Services by 23.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,025 shares of the real estate investment trust’s stock valued at $218,000 after acquiring an additional 2,489 shares during the last quarter. Hedge funds and other institutional investors own 90.83% of the company’s stock.

PennyMac Financial Services (PFSI) traded down $0.15 during trading hours on Friday, hitting $21.35. The stock had a trading volume of 191,054 shares, compared to its average volume of 179,849. The company has a market capitalization of $500.69, a price-to-earnings ratio of 8.21, a PEG ratio of 1.88 and a beta of 0.68. PennyMac Financial Services has a 52 week low of $15.65 and a 52 week high of $22.00. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.16 and a quick ratio of 0.16.

PennyMac Financial Services (NYSE:PFSI) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.71 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.71. The company had revenue of $250.64 million during the quarter, compared to analyst estimates of $238.59 million. PennyMac Financial Services had a return on equity of 4.11% and a net margin of 6.47%. The firm’s revenue for the quarter was down 14.0% compared to the same quarter last year. sell-side analysts forecast that PennyMac Financial Services will post 2.29 EPS for the current fiscal year.

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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.

Analyst Recommendations for PennyMac Financial Services (NYSE:PFSI)

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