Somewhat Favorable News Coverage Somewhat Unlikely to Affect PennyMac Financial Services (PFSI) Stock Price

Media headlines about PennyMac Financial Services (NYSE:PFSI) have trended somewhat positive on Wednesday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. PennyMac Financial Services earned a news impact score of 0.25 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 45.2586730636549 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

Several research analysts recently commented on PFSI shares. Zacks Investment Research cut PennyMac Financial Services from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 25th. ValuEngine raised PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 15th. Keefe, Bruyette & Woods cut PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research report on Monday, January 8th. Barclays set a $25.00 target price on PennyMac Financial Services and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Finally, BidaskClub raised PennyMac Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $23.75.

Shares of PennyMac Financial Services (NYSE:PFSI) traded down $0.35 during mid-day trading on Wednesday, reaching $23.05. The company had a trading volume of 277,200 shares, compared to its average volume of 204,220. The company has a market capitalization of $544.94, a PE ratio of 8.80, a P/E/G ratio of 1.59 and a beta of 0.68. PennyMac Financial Services has a 52-week low of $15.65 and a 52-week high of $24.00. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.16 and a current ratio of 0.16.

PennyMac Financial Services (NYSE:PFSI) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.71 EPS for the quarter, hitting the consensus estimate of $0.71. The firm had revenue of $250.64 million during the quarter, compared to analysts’ expectations of $238.59 million. PennyMac Financial Services had a return on equity of 4.11% and a net margin of 6.47%. The firm’s revenue for the quarter was down 14.0% on a year-over-year basis. research analysts anticipate that PennyMac Financial Services will post 2.29 EPS for the current fiscal year.

In other PennyMac Financial Services news, insider David M. Walker sold 10,000 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $18.63, for a total transaction of $186,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Anne Mccallion sold 5,000 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $18.50, for a total value of $92,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 208,060 shares of company stock valued at $4,449,267. 45.64% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for PennyMac Financial Services (NYSE:PFSI)

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