News coverage about PennyMac Financial Services (NYSE:PFSI) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PennyMac Financial Services earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 44.091315728288 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- PennyMac Financial Services (PFSI) Cut to “Sell” at Zacks Investment Research (americanbankingnews.com)
- PennyMac Financial Services Inc (PFSI) Insider Anne Mccallion Sells 10,000 Shares (americanbankingnews.com)
- PennyMac Financial Services Inc (PFSI) Insider Jeffrey Grogin Sells 5,000 Shares (americanbankingnews.com)
- Insider Selling: PennyMac Financial Services Inc (PFSI) CFO Sells 16,325 Shares of Stock (americanbankingnews.com)
- PennyMac Financial Services Inc (PFSI) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
PFSI has been the subject of several research reports. Zacks Investment Research upgraded shares of PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Thursday, January 18th. Barclays set a $27.00 price target on shares of PennyMac Financial Services and gave the stock a “buy” rating in a research note on Sunday, February 11th. Keefe, Bruyette & Woods downgraded shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. Wedbush initiated coverage on shares of PennyMac Financial Services in a research note on Friday, February 16th. They issued an “outperform” rating and a $30.00 price target for the company. Finally, ValuEngine upgraded shares of PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. PennyMac Financial Services presently has a consensus rating of “Buy” and an average target price of $26.00.
PennyMac Financial Services (NYSE:PFSI) last issued its earnings results on Thursday, February 8th. The real estate investment trust reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.02). The firm had revenue of $298.63 million for the quarter, compared to analyst estimates of $238.86 million. PennyMac Financial Services had a return on equity of 3.62% and a net margin of 10.55%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 EPS. research analysts expect that PennyMac Financial Services will post 3.15 earnings per share for the current fiscal year.
In related news, CFO Daniel Stanley Perotti sold 16,325 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $24.39, for a total transaction of $398,166.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anne Mccallion sold 1,524 shares of the business’s stock in a transaction on Saturday, April 21st. The stock was sold at an average price of $16.60, for a total transaction of $25,298.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 307,065 shares of company stock valued at $6,915,308. Insiders own 45.64% 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.
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