Deutsche Bank Aktiengesellschaft Lowers PennyMac Financial Services (NYSE:PFSI) Price Target to $112.00

PennyMac Financial Services (NYSE:PFSI) had its price target lowered by research analysts at Deutsche Bank Aktiengesellschaft from $115.00 to $112.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 28.72% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. Barclays increased their price target on PennyMac Financial Services from $103.00 to $112.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods upgraded PennyMac Financial Services from a “market perform” rating to an “outperform” rating and increased their price target for the company from $100.00 to $105.00 in a research note on Tuesday, April 9th. Wedbush reiterated an “outperform” rating and issued a $110.00 price target on shares of PennyMac Financial Services in a research note on Thursday. Finally, StockNews.com upgraded PennyMac Financial Services from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $97.75.

PennyMac Financial Services Price Performance

Shares of PFSI stock opened at $87.01 on Thursday. PennyMac Financial Services has a 1-year low of $56.16 and a 1-year high of $94.78. The stock’s 50-day moving average is $87.83 and its 200 day moving average is $83.05. The company has a market cap of $4.39 billion, a P/E ratio of 30.21, a PEG ratio of 0.61 and a beta of 1.67. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.37 and a quick ratio of 0.37.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.14. PennyMac Financial Services had a return on equity of 10.51% and a net margin of 10.94%. The company had revenue of $305.66 million for the quarter, compared to the consensus estimate of $422.87 million. Research analysts predict that PennyMac Financial Services will post 10.41 earnings per share for the current fiscal year.

Insider Activity at PennyMac Financial Services

In related news, CFO Daniel Stanley Perotti sold 11,400 shares of PennyMac Financial Services stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $88.50, for a total transaction of $1,008,900.00. Following the completion of the transaction, the chief financial officer now directly owns 257,897 shares in the company, valued at $22,823,884.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Daniel Stanley Perotti sold 11,400 shares of PennyMac Financial Services stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $88.50, for a total transaction of $1,008,900.00. Following the completion of the transaction, the chief financial officer now directly owns 257,897 shares in the company, valued at $22,823,884.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David Spector sold 15,000 shares of PennyMac Financial Services stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $87.18, for a total value of $1,307,700.00. Following the transaction, the chief executive officer now owns 270,604 shares of the company’s stock, valued at $23,591,256.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 87,802 shares of company stock worth $7,666,108. 17.40% of the stock is owned by corporate insiders.

Institutional Trading of PennyMac Financial Services

Several institutional investors have recently bought and sold shares of the business. Hexagon Capital Partners LLC grew its holdings in PennyMac Financial Services by 128.9% in the fourth quarter. Hexagon Capital Partners LLC now owns 364 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 205 shares during the period. Caxton Associates LP grew its holdings in PennyMac Financial Services by 3.6% in the third quarter. Caxton Associates LP now owns 5,874 shares of the real estate investment trust’s stock valued at $391,000 after purchasing an additional 206 shares during the period. MorganRosel Wealth Management LLC grew its holdings in PennyMac Financial Services by 2.2% in the first quarter. MorganRosel Wealth Management LLC now owns 10,811 shares of the real estate investment trust’s stock valued at $985,000 after purchasing an additional 236 shares during the period. USA Financial Formulas acquired a new stake in shares of PennyMac Financial Services in the fourth quarter worth approximately $25,000. Finally, Teacher Retirement System of Texas boosted its stake in shares of PennyMac Financial Services by 4.1% in the third quarter. Teacher Retirement System of Texas now owns 9,774 shares of the real estate investment trust’s stock worth $651,000 after acquiring an additional 385 shares during the last quarter. 57.87% of the stock is owned by institutional investors and hedge funds.

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.