Somewhat Positive News Coverage Somewhat Unlikely to Affect PennyMac Financial Services (PFSI) Share Price

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News headlines about PennyMac Financial Services (NYSE:PFSI) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PennyMac Financial Services earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 43.8595058499471 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

A number of research firms have commented on PFSI. ValuEngine downgraded PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Wells Fargo & Co downgraded PennyMac Financial Services from an “outperform” rating to a “market perform” rating and set a $21.00 target price on the stock. in a research report on Thursday, May 3rd. Zacks Investment Research downgraded PennyMac Financial Services from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Barclays set a $26.00 target price on PennyMac Financial Services and gave the stock a “buy” rating in a research report on Sunday, May 6th. Finally, Keefe, Bruyette & Woods upgraded PennyMac Financial Services from a “market perform” rating to an “outperform” rating in a research report on Monday, May 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $25.75.

PFSI traded up $0.10 during trading on Tuesday, reaching $19.50. 989 shares of the stock were exchanged, compared to its average volume of 159,511. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market cap of $464.98 million, a price-to-earnings ratio of 8.84, a PEG ratio of 0.69 and a beta of 0.56. PennyMac Financial Services has a 1 year low of $16.00 and a 1 year high of $25.20.

PennyMac Financial Services (NYSE:PFSI) last posted its earnings results on Thursday, May 3rd. The real estate investment trust reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.06). PennyMac Financial Services had a return on equity of 3.67% and a net margin of 10.77%. The firm had revenue of $238.20 million for the quarter, compared to analysts’ expectations of $234.60 million. analysts predict that PennyMac Financial Services will post 2.79 EPS for the current fiscal year.

In other news, Director Matthew Botein sold 10,000 shares of the business’s stock in a transaction on Tuesday, July 10th. The stock was sold at an average price of $19.86, for a total value of $198,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stanford L. Kurland sold 14,650 shares of the business’s stock in a transaction on Friday, April 20th. The stock was sold at an average price of $21.12, for a total value of $309,408.00. Following the completion of the transaction, the insider now directly owns 39,087 shares of the company’s stock, valued at $825,517.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 174,400 shares of company stock valued at $3,566,403. Insiders own 45.64% of the company’s stock.

About PennyMac Financial Services

PennyMac Financial Services, Inc, through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. It operates through three segments: Loan Production, Loan Servicing, and Investment Management. The Loan Production segment is involved in the origination, acquisition, and sale of mortgage loans.

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