PennyMac Financial Services Inc. (NYSE:PFSI) has earned a consensus rating of “Hold” from the ten brokerages that are currently covering the firm. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $18.36.

Several research analysts recently commented on PFSI shares. Bank of America Corp. upgraded shares of PennyMac Financial Services from a “neutral” rating to a “buy” rating in a report on Tuesday, July 12th. Zacks Investment Research upgraded shares of PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Friday, July 15th. Citigroup Inc. raised their price target on shares of PennyMac Financial Services from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Keefe, Bruyette & Woods set a $18.00 price target on shares of PennyMac Financial Services and gave the company a “buy” rating in a report on Friday, August 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of PennyMac Financial Services from $14.00 to $16.50 and gave the company a “neutral” rating in a report on Friday, August 5th.

Shares of PennyMac Financial Services (NYSE:PFSI) traded up 0.49% on Wednesday, hitting $16.36. 41,563 shares of the stock traded hands. The firm’s 50-day moving average is $16.81 and its 200 day moving average is $14.29. PennyMac Financial Services has a 12-month low of $10.48 and a 12-month high of $18.13. The firm has a market cap of $363.08 million, a P/E ratio of 7.96 and a beta of 0.58.

PennyMac Financial Services (NYSE:PFSI) last posted its quarterly earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.07. PennyMac Financial Services had a net margin of 6.20% and a return on equity of 4.30%. The firm had revenue of $207.81 million for the quarter, compared to analyst estimates of $196.53 million. During the same quarter last year, the firm posted $0.59 earnings per share. PennyMac Financial Services’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities research analysts forecast that PennyMac Financial Services will post $2.47 EPS for the current fiscal year.

In related news, CFO Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $16.24, for a total value of $81,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David M. Walker sold 10,000 shares of PennyMac Financial Services stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $16.69, for a total transaction of $166,900.00. The disclosure for this sale can be found here. 45.97% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Oxford Asset Management raised its stake in shares of PennyMac Financial Services by 166.4% in the second quarter. Oxford Asset Management now owns 90,538 shares of the real estate investment trust’s stock worth $1,131,000 after buying an additional 56,553 shares during the period. Societe Generale acquired a new position in PennyMac Financial Services during the second quarter worth approximately $161,000. Boston Partners increased its position in PennyMac Financial Services by 2,743.1% in the second quarter. Boston Partners now owns 681,896 shares of the real estate investment trust’s stock worth $8,517,000 after buying an additional 657,912 shares in the last quarter. SG Americas Securities LLC acquired a new position in PennyMac Financial Services during the second quarter worth approximately $161,000. Finally, California State Teachers Retirement System increased its position in PennyMac Financial Services by 1.7% in the second quarter. California State Teachers Retirement System now owns 28,526 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 478 shares in the last quarter. Institutional investors and hedge funds own 92.45% 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. It operates through three segments: loan production, loan servicing and investment management.

5 Day Chart for NYSE:PFSI

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