PennyMac Financial Services, Inc. Buyback
OLI recorded this information on 6/21/2017
Company:
PennyMac Financial Services, Inc.
Buyback:
PFSI buyback
$Amount Authorized:
$50,000,000
Buyback Details:
PennyMac Financial Services, Inc. (NYSE:PFSI) (the "Company") today announced that its Board of Directors has authorized a stock repurchase program under which the Company may repurchase up to $50 million of its outstanding Class A common stock.
PennyMac Financial Services is a holding company. Through its subsidiaries, Co. is a financial services firm with a mortgage platform and integrated business focused on the production and servicing of U.S. residential mortgage loans and the management of investments related to the U.S. mortgage market. Co.'s segments are: production, which performs loan origination, acquisition and sale activities; servicing, which performs loan servicing for both newly originated loans it is holding for sale and loans it services for others; and investment management, which represents its investment management activities including activities associated with investment asset acquisitions and dispositions.
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Avg. Broker Rec.
 
|
Strong Buy (3.50 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: PFSI Stock Forecast Based on Zacks ABR data; powered by Xignite |
