KBW: 'PennyMac Financial (PFSI) Remains Our Top Pick in Sector'

Keefe, Bruyette & Woods analyst Bose George reiterated an Outperform rating and $117.00 price target on PennyMac Financial (NYSE: PFSI).

The analyst commented: "PFSI Remains Our Top Pick in Sector; We hosted meetings with management of PFSI. Participants from the company included David Spector, CEO, Dan Perotti, CFO, and Isaac Garden, SVP Investor Relations. We believe PFSI is well positioned to grow its GAAP ROE as hedging results improve, driven by strategic changes that were made in 2Q. We see the company as providing a combination of attractive current returns with upside optionality if rates decline. Maintain OP."

For an analyst ratings summary and ratings history on PennyMac Financial click here. For more ratings news on PennyMac Financial click here.

Shares of PennyMac Financial closed at $103.39 yesterday.

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