2 weeks Ago By Defense World Staff
Shares of PennyMac Financial Services, Inc. ( NYSE:PFSI – Get Free Report ) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company.
The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $115.86. PFSI has been the topic of several recent analyst reports.
Wells Fargo & Company increased their price target on shares of PennyMac Financial Services from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th.
Keefe, Bruyette & Woods downgraded shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating and set a $102.00 target price on the stock. in a research report on Monday, July 22nd.
Piper Sandler boosted their price target on shares of PennyMac Financial Services from $125.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd.
Barclays raised their price objective on PennyMac Financial Services from $112.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th.
Finally, Wedbush reiterated an “outperform” rating and set a $130.00 target price on shares of PennyMac Financial Services in a research report on Wednesday, October 23rd. Get Our Latest Stock Report on PennyMac Financial Services Insider Buying and Selling Institutional Inflows and Outflows Several large investors have recently bought and sold shares of the business.
BNP Paribas Financial Markets boosted its position in shares of PennyMac Financial Services by 56.1% during the 1st quarter. BNP Paribas Financial Markets now owns 13,917 shares of the real estate investment trust’s stock worth $1,268,000 after purchasing an additional 5,004 shares in the last quarter.
Quantbot Technologies LP purchased a new stake in PennyMac Financial Services during the first quarter worth about $2,570,000. SG Americas Securities LLC acquired a new position in PennyMac Financial Services during the first quarter worth about $202,000. QRG Capital Management Inc.
grew its position in PennyMac Financial Services by 0.7% during the first quarter. QRG Capital Management Inc.
now owns 33,892 shares of the real estate investment trust’s stock worth $3,087,000 after buying an additional 232 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in PennyMac Financial Services by 91.
3% in the first quarter. Russell Investments Group Ltd. now owns 19,246 shares of the real estate investment trust’s stock valued at $1,753,000 after buying an additional 9,183 shares in the last quarter.
Hedge funds and other institutional investors own 57.87% of the company’s stock. PennyMac Financial Services Price Performance Shares of PFSI opened at $102.
33 on Wednesday. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 32.
49 and a beta of 1.79. The firm’s fifty day simple moving average is $107.
85 and its 200-day simple moving average is $98.89. PennyMac Financial Services has a twelve month low of $70.
29 and a twelve month high of $119.13. The company has a current ratio of 0.
38, a quick ratio of 0.38 and a debt-to-equity ratio of 2.75.
PennyMac Financial Services ( NYSE:PFSI – Get Free Report ) last announced its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.
92 by ($1.62). PennyMac Financial Services had a return on equity of 15.
13% and a net margin of 11.45%. The business had revenue of $411.
83 million for the quarter, compared to analysts’ expectations of $513.12 million. During the same period last year, the firm earned $1.
77 earnings per share. The firm’s quarterly revenue was up 2.9% on a year-over-year basis.
Equities analysts forecast that PennyMac Financial Services will post 11.88 EPS for the current fiscal year. PennyMac Financial Services Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th.
Stockholders of record on Monday, November 18th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, November 18th.
This represents a $1.20 annualized dividend and a dividend yield of 1.17%.
PennyMac Financial Services’s dividend payout ratio (DPR) is 38.10%. PennyMac Financial Services Company Profile ( Get Free Report PennyMac Financial Services, Inc, through its subsidiaries, engages in the mortgage banking and investment management activities in the United States.
The company operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans. Featured Articles Five stocks we like better than PennyMac Financial Services Using the MarketBeat Dividend Tax Calculator Palantir Cracks $50, Is There Still Time to Get on Board? What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story Insider Buying Signals Upside for These 3 Stocks What is the Dogs of the Dow Strategy? Overview and Examples These 2 Big Players Are Set to Compete With Elon Musk’s Starlink Receive News & Ratings for PennyMac Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PennyMac Financial Services and related companies with MarketBeat.
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