PennyMac Financial Services (NYSE:PFSI – Get Free Report) issued its quarterly earnings data on Tuesday. The real estate investment trust reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.80), Briefing.com reports. PennyMac Financial Services had a return on equity of 12.78% and a net margin of 13.13%. The firm had revenue of $406.13 million during the quarter, compared to analyst estimates of $469.64 million. During the same quarter in the prior year, the firm earned $1.11 EPS. The business’s quarterly revenue was up 20.7% compared to the same quarter last year.
PennyMac Financial Services Price Performance
PFSI traded up $2.06 on Thursday, reaching $98.63. The company had a trading volume of 13,669 shares, compared to its average volume of 242,261. The company has a fifty day moving average of $93.60 and a 200-day moving average of $90.10. The company has a market capitalization of $5.02 billion, a P/E ratio of 33.56, a PEG ratio of 0.65 and a beta of 1.72. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 2.33. PennyMac Financial Services has a one year low of $62.15 and a one year high of $105.94.
PennyMac Financial Services Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Tuesday, August 13th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.22%. This is a positive change from PennyMac Financial Services’s previous quarterly dividend of $0.20. PennyMac Financial Services’s payout ratio is currently 27.78%.
Insider Activity
Analysts Set New Price Targets
A number of research analysts recently commented on PFSI shares. StockNews.com downgraded PennyMac Financial Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 3rd. Piper Sandler raised their price target on shares of PennyMac Financial Services from $110.00 to $112.00 and gave the stock an “overweight” rating in a research report on Wednesday. Barclays upped their price target on shares of PennyMac Financial Services from $103.00 to $112.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. Keefe, Bruyette & Woods lowered shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating and set a $102.00 price objective for the company. in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of PennyMac Financial Services from $115.00 to $112.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, PennyMac Financial Services currently has a consensus rating of “Hold” and a consensus target price of $107.17.
Check Out Our Latest Research Report on PennyMac Financial Services
PennyMac Financial Services Company Profile
PennyMac Financial Services, Inc, through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. The company operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans.
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