Pennymac Financial Services Inc (NYSE:PFSI) Stock Sentiment Improves

May 23, 2018 - By Clifton Ray

Sentiment for Pennymac Financial Services Inc (NYSE:PFSI)

Pennymac Financial Services Inc (NYSE:PFSI) institutional sentiment increased to 1.22 in 2017 Q4. Its up 0.16, from 1.06 in 2017Q3. The ratio is better, as 45 hedge funds started new and increased equity positions, while 37 sold and reduced their holdings in Pennymac Financial Services Inc. The hedge funds in our partner’s database now possess: 21.64 million shares, up from 21.18 million shares in 2017Q3. Also, the number of hedge funds holding Pennymac Financial Services Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 10 Reduced: 27 Increased: 26 New Position: 19.

PennyMac Financial Services, Inc., through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. The company has market cap of $1.62 billion. It operates through three divisions: Loan Production, Loan Servicing, and Investment Management. It has a 5.12 P/E ratio. The Loan Production segment is involved in the origination, acquisition, and sale of mortgage loans.

The stock decreased 0.12% or $0.02 during the last trading session, reaching $20.62. About 43,869 shares traded. PennyMac Financial Services, Inc. (NYSE:PFSI) has risen 37.69% since May 23, 2017 and is uptrending. It has outperformed by 26.14% the S&P500.

Analysts await PennyMac Financial Services, Inc. (NYSE:PFSI) to report earnings on August, 2. They expect $0.74 EPS, up 68.18 % or $0.30 from last year’s $0.44 per share. PFSI’s profit will be $58.10 million for 6.97 P/E if the $0.74 EPS becomes a reality. After $0.67 actual EPS reported by PennyMac Financial Services, Inc. for the previous quarter, Wall Street now forecasts 10.45 % EPS growth.

Mangrove Partners holds 2.16% of its portfolio in PennyMac Financial Services, Inc. for 716,835 shares. Basswood Capital Management L.L.C. owns 1.78 million shares or 1.84% of their US portfolio. Moreover, Omega Advisors Inc. has 1.24% invested in the company for 1.48 million shares. The California-based Wespac Advisors Llc has invested 0.75% in the stock. Ellington Management Group Llc, a Connecticut-based fund reported 98,900 shares.

Since January 1, 0001, it had 0 insider buys, and 60 insider sales for $16.71 million activity.

PennyMac Financial Services, Inc. (NYSE:PFSI) Ratings Coverage

Ratings analysis reveals 83% of PennyMac Financial’s analysts are positive. Out of 6 Wall Street analysts rating PennyMac Financial, 5 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $2100 while the high is $31.0. The stock’s average target of $26.40 is 28.03% above today’s ($20.62) share price. PFSI was included in 11 notes of analysts from December 11, 2017. The firm has “Buy” rating given on Thursday, January 4 by Piper Jaffray. As per Monday, May 7, the company rating was upgraded by Keefe Bruyette & Woods. As per Monday, January 8, the company rating was downgraded by Keefe Bruyette & Woods. As per Monday, May 7, the company rating was upgraded by Wood. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, December 21. The firm earned “Outperform” rating on Wednesday, April 4 by Wells Fargo. The firm has “Buy” rating by Wedbush given on Friday, February 16. The rating was downgraded by Wood to “Market Perform” on Monday, January 8. The firm has “Hold” rating by Wells Fargo given on Friday, May 4. Keefe Bruyette & Woods maintained PennyMac Financial Services, Inc. (NYSE:PFSI) on Friday, February 9 with “Hold” rating.

More important recent PennyMac Financial Services, Inc. (NYSE:PFSI) news were published by: which released: “Research Report Identifies Bio-Rad Laboratories, Bright Horizons Family Solutions, Corbus Pharmaceuticals …” on May 18, 2018, also published article titled: “Omega’s 13F Shows Increase in Ocwen (OCN), Synchrony (SYF), United (UAL), Exits Zynga (ZNGA) (More…)”, published: “PennyMac Mortgage Investment Trust: PennyMac Mortgage Investment Trust Declares Second Quarter 2018 …” on May 21, 2018. More interesting news about PennyMac Financial Services, Inc. (NYSE:PFSI) was released by: and their article: “Benzinga’s Top Upgrades, Downgrades For May 7, 2018” with publication date: May 07, 2018.

PennyMac Financial Services, Inc. (NYSE:PFSI) Institutional Positions Chart

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