Shares of PennyMac Financial Services, Inc. (NYSE:PFSI) have been given an average recommendation of “Hold” by the ten brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $20.33.

A number of brokerages have weighed in on PFSI. Zacks Investment Research lowered shares of PennyMac Financial Services from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. ValuEngine lowered shares of PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 17th. BidaskClub raised shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating on shares of PennyMac Financial Services in a research note on Tuesday, September 19th.

Shares of PennyMac Financial Services (NYSE:PFSI) traded up $0.05 on Monday, reaching $18.90. 139,279 shares of the company’s stock were exchanged, compared to its average volume of 175,682. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.16 and a current ratio of 0.16. PennyMac Financial Services has a 1 year low of $15.65 and a 1 year high of $19.35. The company has a market capitalization of $440.16, a price-to-earnings ratio of 7.18, a P/E/G ratio of 1.68 and a beta of 0.63.

PennyMac Financial Services (NYSE:PFSI) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.71 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.71. PennyMac Financial Services had a net margin of 6.47% and a return on equity of 4.11%. The firm had revenue of $250.64 million for the quarter, compared to analyst estimates of $238.59 million. The company’s revenue was down 14.0% on a year-over-year basis. research analysts forecast that PennyMac Financial Services will post 2.24 EPS for the current year.

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In other PennyMac Financial Services news, insider David M. Walker sold 10,000 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $17.05, for a total value of $170,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Stanford L. Kurland sold 11,012 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $18.00, for a total transaction of $198,216.00. Following the completion of the transaction, the insider now owns 23,402 shares in the company, valued at $421,236. The disclosure for this sale can be found here. Insiders have sold 197,424 shares of company stock worth $3,476,212 over the last ninety days. Insiders own 45.64% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Citigroup Inc. increased its holdings in shares of 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 valued at $103,000 after purchasing an additional 5,799 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of 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 valued at $116,000 after purchasing an additional 1,042 shares during the last quarter. American International Group Inc. increased its holdings in shares of PennyMac Financial Services by 7.2% in the first quarter. American International Group Inc. now owns 8,384 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 562 shares during the last quarter. Voya Investment Management LLC acquired a new position in shares of PennyMac Financial Services in the second quarter valued at $174,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of PennyMac Financial Services by 11.5% in the second quarter. The Manufacturers Life Insurance Company now owns 12,732 shares of the real estate investment trust’s stock valued at $213,000 after purchasing an additional 1,312 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

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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