PennyMac Financial Services Inc. (NYSE: PFSI) has seen a decline in its stock price by -0.68 in relation to its previous close of 91.71. However, the company has experienced a -0.87% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-15 that The Zacks Mortgage & Related Services industry players benefit from expected rate cuts, low competition from banks and strong servicing business. PennyMac Financial Services (PFSI), Federal Agricultural Mortgage (AGM) and Ocwen Financial (OCN) look well-placed for growth.
Is It Worth Investing in PennyMac Financial Services Inc. (NYSE: PFSI) Right Now?
The price-to-earnings ratio for PennyMac Financial Services Inc. (NYSE: PFSI) is 33.57x, which is above its average ratio. Moreover, the 36-month beta value for PFSI is 1.67. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for PFSI is 46.54M and currently, short sellers hold a 2.03% of that float. On March 29, 2024, PFSI’s average trading volume was 231.52K shares.
PFSI’s Market Performance
PFSI stock saw an increase of -0.87% in the past week, with a monthly gain of 8.61% and a quarterly increase of 2.19%. The volatility ratio for the week is 2.41%, and the volatility levels for the last 30 days are 2.54% for PennyMac Financial Services Inc. (PFSI). The simple moving average for the last 20 days is 4.39% for PFSI stock, with a simple moving average of 17.76% for the last 200 days.
Analysts’ Opinion of PFSI
Many brokerage firms have already submitted their reports for PFSI stocks, with Deutsche Bank repeating the rating for PFSI by listing it as a “Buy.” The predicted price for PFSI in the upcoming period, according to Deutsche Bank is $115 based on the research report published on January 10, 2024 of the current year 2024.
UBS gave a rating of “Neutral” to PFSI, setting the target price at $85 in the report published on December 06th of the previous year.
PFSI Trading at 3.99% from the 50-Day Moving Average
After a stumble in the market that brought PFSI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.89% of loss for the given period.
Volatility was left at 2.54%, however, over the last 30 days, the volatility rate increased by 2.41%, as shares surge +7.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.34% upper at present.
During the last 5 trading sessions, PFSI fell by -0.87%, which changed the moving average for the period of 200-days by +36.92% in comparison to the 20-day moving average, which settled at $87.57. In addition, PennyMac Financial Services Inc. saw 3.08% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PFSI starting from STARK DEREK, who sale 5,255 shares at the price of $89.44 back on Mar 25 ’24. After this action, STARK DEREK now owns 27,084 shares of PennyMac Financial Services Inc., valued at $470,007 using the latest closing price.
SPECTOR DAVID, the Chairman & CEO of PennyMac Financial Services Inc., sale 3,326 shares at $85.67 during a trade that took place back on Mar 12 ’24, which means that SPECTOR DAVID is holding 644,612 shares at $284,941 based on the most recent closing price.
Stock Fundamentals for PFSI
Current profitability levels for the company are sitting at:
- 0.33 for the present operating margin
- 0.53 for the gross margin
The net margin for PennyMac Financial Services Inc. stands at 0.06. The total capital return value is set at 0.06. Equity return is now at value 4.13, with 0.81 for asset returns.
Based on PennyMac Financial Services Inc. (PFSI), the company’s capital structure generated 0.79 points at debt to capital in total, while cash flow to debt ratio is standing at -0.12. The debt to equity ratio resting at 3.81. The interest coverage ratio of the stock is 1.23.
Currently, EBITDA for the company is 594.46 million with net debt to EBITDA at 23.45. When we switch over and look at the enterprise to sales, we see a ratio of 7.3. The receivables turnover for the company is 80.32for trailing twelve months and the total asset turnover is 0.12.
Conclusion
To wrap up, the performance of PennyMac Financial Services Inc. (PFSI) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
