In a report released yesterday, Vivek Agrawal from Compass Point reiterated a Hold rating on PennyMac Financial (NYSE: PFSI), with a price target of $23. The company’s shares closed yesterday at $21.50.
Currently, the analyst consensus on PennyMac Financial is a Strong Buy with an average price target of $24.67.
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Based on PennyMac Financial’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $17.84 million. In comparison, last year the company had a net profit of $10.48 million.
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PennyMac Financial Services, Inc. engages in the provision of financial services. It operates through the following segments: Production, Servicing, and Investment Management. The Production segment performs mortgage loan origination, acquisition, and sale activities.
