PFSI - Shares of PennyMac Financial Services Inc. (PFSI) Rise Above Previous 52-Week High
PennyMac Financial Services Inc. (NYSE:PFSI) traded today at a new 52-week high of $71.52. Approximately 99,000 shares have changed hands today, as compared to an average 30-day volume of 610,000 shares.
Potential upside of 15.5% exists for PennyMac Financial Services Inc., based on a current level of $71.17 and analysts' average consensus price target of $82.17.
In the past 52 weeks, PennyMac Financial Services Inc. share prices are bracketed by a low of $55.11 and a high of $71.52 and is now at $71.17, 29% above that low price.
PennyMac Financial Services Inc is a United States-based financial services company primarily engaged in mortgage lending. The company operates through three segments: production, servicing, and investment management. The company's production and servicing segment together form the mortgage banking business that includes mortgage loan origination, acquisition, and sale activities; while the investment management segment includes investment manager's activities, such as performing diligence, and managing acquired assets. The company generates the majority of revenue from its mortgage banking business.
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