PFSI - PennyMac Financial Services: Revenues To Trend Down Towards A Normal Level Over The Next Couple Of Years
- Stable to rising interest rates and high home prices will likely decrease mortgage banking volumes this year.
- Aggressive headcount growth and an increase in the number of approved brokers will likely support revenues this year.
- The December 2022 target price is quite close to the current market price. Further, the stock is offering a low dividend yield.
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PennyMac Financial Services: Revenues To Trend Down Towards A Normal Level Over The Next Couple Of Years