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PennyMac Financial Services, Inc. (NYSE:PFSI), a $6.37 billion financial services company currently trading at $123.13, announced Monday that it presented an investor update at the Barclays Global Financial Services Conference. The company, which has demonstrated impressive revenue growth of 66% over the last twelve months, made the update available on its investor relations website and submitted it as Exhibit 99.1 to its current report on Form 8-K.
The filing states that the information provided in the investor update is furnished and not filed, meaning it is not subject to certain liabilities under the Securities Exchange Act of 1934. The company did not include additional financial statements or other disclosures in this filing.
This information is based on a statement from the company’s press release included in a recent SEC filing.
In other recent news, PennyMac Financial Services announced its participation in the Barclays Global Financial Services Conference, making its investor update available online and as part of a recent SEC filing. Piper Sandler has reiterated its Overweight rating for PennyMac Financial, maintaining a price target of $121.00, citing potential benefits from recent mortgage rate movements. Keefe, Bruyette & Woods (KBW) also raised its price target for PennyMac Financial to $121.00 from $117.00, while maintaining an Outperform rating, following positive meetings with the company’s management.
Wells Fargo has assumed coverage of PennyMac Financial with an Overweight rating and set a price target of $115.00, highlighting the company’s strong franchise and growth opportunities. Additionally, KBW reiterated its Outperform rating and $117.00 price target, expressing a constructive outlook after discussions with PennyMac’s leadership. These developments reflect a generally positive sentiment among analysts regarding PennyMac Financial’s future performance and strategic positioning in the market.
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