News headlines about PennyMac Financial Services (NYSE:PFSI) have been trending somewhat positive on Thursday, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PennyMac Financial Services earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 41.7181871530469 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
PennyMac Financial Services (NYSE:PFSI) traded down 1.10% on Thursday, reaching $18.05. 59,095 shares of the company’s stock were exchanged. PennyMac Financial Services has a 12-month low of $15.65 and a 12-month high of $19.35. The company has a market cap of $424.36 million, a P/E ratio of 6.10 and a beta of 0.62. The firm has a 50 day moving average of $17.44 and a 200-day moving average of $16.95.
PennyMac Financial Services (NYSE:PFSI) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.22). The business had revenue of $201.72 million during the quarter, compared to analyst estimates of $181.89 million. PennyMac Financial Services had a return on equity of 4.79% and a net margin of 6.87%. Equities analysts expect that PennyMac Financial Services will post $2.64 EPS for the current fiscal year.
PennyMac Financial Services declared that its Board of Directors has initiated a stock buyback program on Wednesday, June 21st that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to buy up to 137% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
A number of research analysts have weighed in on the stock. 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 reissued a “buy” rating on shares of PennyMac Financial Services in a research note on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $20.25.
In other news, insider Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $17.57, for a total value of $87,850.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Matthew Botein sold 2,841 shares of PennyMac Financial Services stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $17.35, for a total transaction of $49,291.35. The disclosure for this sale can be found here. Insiders sold a total of 168,565 shares of company stock worth $2,911,053 in the last ninety days. Corporate insiders own 45.64% of the company’s stock.
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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