PennyMac Financial Services, Inc. (PFSI) – What Are Brokerages Saying About This Stock?

PennyMac Financial Services, Inc. (NYSE:PFSI) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $88.71.

A number of equities research analysts have commented on the stock. Wall Street Zen cut shares of PennyMac Financial Services from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Weiss Ratings lowered shares of PennyMac Financial Services from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 29th. Keefe, Bruyette & Woods lowered shares of PennyMac Financial Services from a “moderate buy” rating to a “hold” rating and dropped their price objective for the company from $100.00 to $80.00 in a report on Monday. Barclays cut their price objective on shares of PennyMac Financial Services from $71.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, Piper Sandler reduced their target price on PennyMac Financial Services from $86.00 to $71.00 and set a “neutral” rating for the company in a research note on Friday, October 9th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PFSI. Fifth Third Bancorp boosted its stake in PennyMac Financial Services by 279.8% during the 3rd quarter. Fifth Third Bancorp now owns 957 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 705 shares during the last quarter. Fulcrum Asset Management LLP increased its holdings in PennyMac Financial Services by 97.4% during the 3rd quarter. Fulcrum Asset Management LLP now owns 8,777 shares of the real estate investment trust’s stock worth $558,000 after purchasing an additional 4,331 shares in the last quarter. Covestor Ltd increased its holdings in PennyMac Financial Services by 82.0% during the 3rd quarter. Covestor Ltd now owns 770 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 347 shares in the last quarter. State of Wyoming increased its holdings in PennyMac Financial Services by 10.2% during the 3rd quarter. State of Wyoming now owns 5,809 shares of the real estate investment trust’s stock worth $359,000 after purchasing an additional 536 shares in the last quarter. Finally, Berman McAleer LLC purchased a new stake in shares of PennyMac Financial Services in the third quarter worth approximately $370,000. Institutional investors own 57.87% of the company’s stock.

PennyMac Financial Services Price Performance

Shares of PFSI opened at $66.94 on Friday. The firm has a market cap of $3.48 billion, a PE ratio of 15.04 and a beta of 1.48. PennyMac Financial Services has a 52-week low of $57.52 and a 52-week high of $160.36. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.38 and a current ratio of 0.29. The business’s 50 day moving average price is $65.33 and its two-hundred day moving average price is $83.32.

PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.22). PennyMac Financial Services had a net margin of 11.72% and a return on equity of 8.18%. The company had revenue of $502.00 million during the quarter, compared to the consensus estimate of $531.77 million. During the same quarter in the prior year, the firm earned $3.37 EPS. The business’s revenue was down 25.9% compared to the same quarter last year. On average, equities analysts anticipate that PennyMac Financial Services will post 5.78 EPS for the current year.

PennyMac Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Monday, November 16th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, November 16th. PennyMac Financial Services’s dividend payout ratio is 26.97%.

PennyMac Financial Services Company Profile

PennyMac Financial Services, Inc (NYSE: PFSI) is a specialty financial services company focused on the U.S. residential mortgage market. Through its subsidiaries, the company originates, acquires, and services residential mortgage loans, with an emphasis on conventional, government-backed, and other mortgage products.

PennyMac’s primary businesses include mortgage production, loan servicing, and investment management. Its production platform acquires and originates loans through correspondent relationships with banks and other lenders, as well as through direct-to-consumer and broker channels.