Pennymac Financial Services (PFSI) Tops Q4 EPS by 1c

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Go back to Pennymac Financial Services (PFSI) Tops Q4 EPS by 1c

Piper Jaffray Remains Bullish as Servicing Segments Drive Pennymac Financial Services' (PFSI) EPS Beat

February 4, 2016 8:59 AM EST

Piper Jaffray maintained an Overweight rating on PennyMac Financial (NYSE: PFSI), and cut the price target to $19.00 (from $23.00), following the company's 4Q earnings report. PFSI posted in-line net revenue, and an EPS of $0.58, beating consensus at $0.57. Stronger Servicing segment results drove the beat. Piper continues to... More