Ultime notizie per PennyMac Mortgage IT (NYSE:PMT) Azioni

PennyMac Mortgage IT

PennyMac Mortgage

PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The company's operations include activities such as the production and servicing of financial securities based on residential loans and the pooling and reselling of high-credit-quality mortgages. The company operates through four segments: correspondent production, credit-sensitive strategies, interest-rate-sensitive strategies, and corporate activities. The Credit sensitive strategies segment generates income via investments in CRT arrangements, subordinate MBS, distressed loans, and real estate.

PennyMac Mortgage Investment Trust Common Shares of Beneficial Interest

PennyMac Mortgage Investment Trust

PACIFIC METALS CO LTD by Pacific Metals Co., Ltd.

Pacific Metals Co Ltd

PRECIOUS MTLS BULLION TR by Precious Metals Bullion Trust

CPI Card Group Inc

PennyMac Mortgage Investment Trust 8.50% Senior Notes due 2028

PLAYMATES TOYS LTD ORD by Playmates Toys Ltd.

Playmates Toys Ltd

PennyMac Mortgage Investment Trust 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest

PennyMac Mortgage Investment Trust 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest

PennyMac Mortgage Investment Trust 6.75% Series C Cumulative Redeemable Preferred Shares of Beneficial Interest

The most oversold stocks in the financials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">HA Sustainable Infrastructure Capitl Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HASI#NYSE">HASI</a>)</h3>
<ul>
<li>On Nov. 7, Hannon Armstrong posted mixed results for the third quarter. &#8220;Our Q3 and 2024 YTD results underscore the resiliency and consistency of our business,&#8221; said Jeffrey A. Lipson, president and CEO of HASI. &#8220;We expect to continue to deliver growth in our adjusted earnings and managed assets amidst ongoing volatility in interest rates and uncertainties related to public policy.&#8221; The company's stock fell around 22% over the past month and has a <a href="https://www.benzinga.com/quote/HASI">52-week low of $21.77</a>.</li>
<li>RSI Value: 25.88&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>HASI Price Action: Shares of HASI fell 1.2% to close at $27.22 on Friday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111824&amp;t=be2bearmibe3na1">latest HASI news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="921" height="847" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18040811/image-175.png" alt="" class="wp-image-652487" style="width:651px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18040811/image-175.png 921w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18040811/image-175-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18040811/image-175-768x706.png 768w" sizes="(max-width: 921px) 100vw, 921px" /></a></figure>
<h3 class="wp-block-heading">Paysafe Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSFE#NYSE">PSFE</a>)</h3>
<ul>
<li>On Nov. 13, the company reported third-quarter adjusted earnings per share of 51 cents, beating the street view of 2 cents. Quarterly sales of $427.10 million, an increase of 8% year over year, beat the analyst consensus of $423.096 million. Bruce Lowthers, CEO of Paysafe, commented: "Revenue growth continues to be strong this year, reaching 8% for the third quarter and year-to-date, demonstrating execution on our strategic priorities and our focus on delivering higher quality, sustainable revenue growth, while investing in the business and progressively reducing net leverage. We are pleased to reaffirm our full year financial outlook for 2024 and we remain confident that we are taking the right actions to drive continued momentum in 2025 and beyond." The company's stock fell around 29% over the past five days and <a href="https://www.benzinga.com/quote/PSFE">has a 52-week low </a>of $10.05.</li>
<li>RSI Value: 29.82</li>
<li>PSFE Price Action: Shares of Paysafe fell 2.3% to close at $17.67 on Friday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111824&amp;t=be2bearmibe3na1">PSFE stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="913" height="836" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18040855/image-176.png" alt="" class="wp-image-652491" style="width:702px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18040855/image-176.png 913w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18040855/image-176-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18040855/image-176-768x703.png 768w" sizes="(max-width: 913px) 100vw, 913px" /></a></figure>
<h3 class="wp-block-heading">PennyMac Mortgage Investment Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>)</h3>
<ul>
<li>On Oct. 22, PennyMac Mortgage posted mixed quarterly results. &#8220;PennyMac Financial reported outstanding results in the third quarter, with an annualized operating return on equity of 20 percent,&#8221; said Chairman and CEO David Spector. The company's stock fell around 7% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/PMT">low of $12.81</a>.</li>
<li>RSI Value: 28.91</li>
<li>PMT Price Action: Shares of PennyMac Mortgage Investment Trust closed at $13.06 on Friday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111824&amp;t=be2bearmibe3na1">breakout in PMT shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="906" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18041050/image-177.png" alt="" class="wp-image-652494" style="width:668px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18041050/image-177.png 906w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18041050/image-177-300x279.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18041050/image-177-768x714.png 768w" sizes="(max-width: 906px) 100vw, 906px" /></a></figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/11/42024062/how-to-earn-500-a-month-from-apple-stock">How To Earn $500 A Month From Apple Stock</a></li>
</ul>

Long Ideas

News

Pre-Market Outlook

Markets

Trading Ideas

Hannon Armstrong Sustainable Infrastructure Capital

HASI

PSFE

Top 3 Financials Stocks That May Rocket Higher In Q4

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$65.00</td>
<td>$40.1K</td>
<td>45.0K</td>
<td>4.6K</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$72.50</td>
<td>$501.0K</td>
<td>3.2K</td>
<td>3.0K</td>
</tr>
<tr>
<td>WU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$12.00</td>
<td>$278.1K</td>
<td>7.3K</td>
<td>2.4K</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$16.00</td>
<td>$76.7K</td>
<td>4.1K</td>
<td>2.0K</td>
</tr>
<tr>
<td>PMT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$12.50</td>
<td>$130.0K</td>
<td>2.0K</td>
<td>2.0K</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$16.50</td>
<td>$79.3K</td>
<td>246</td>
<td>1.0K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$185.00</td>
<td>$32.3K</td>
<td>2.3K</td>
<td>841</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$44.50</td>
<td>$62.0K</td>
<td>107</td>
<td>805</td>
</tr>
<tr>
<td>UPST</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$50.00</td>
<td>$57.5K</td>
<td>624</td>
<td>612</td>
</tr>
<tr>
<td>FUTU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$100.00</td>
<td>$26.2K</td>
<td>1.3K</td>
<td>310</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a call option sweep with bearish sentiment. It expires in 11 day(s) on November 15, 2024. Parties traded 451 contract(s) at a $65.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $40.1K, with a price of $89.0 per contract. There were 45098 open contracts at this strike prior to today, and today 4686 contract(s) were bought and sold. 
• For WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we notice a call option trade that happens to be bearish, expiring in 137 day(s) on March 21, 2025. This event was a transfer of 3000 contract(s) at a $72.50 strike. The total cost received by the writing party (or parties) was $501.0K, with a price of $167.0 per contract. There were 3283 open contracts at this strike prior to today, and today 3052 contract(s) were bought and sold. 
• For WU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WU#NYSE">WU</a>), we notice a put option sweep that happens to be bullish, expiring in 11 day(s) on November 15, 2024. This event was a transfer of 2417 contract(s) at a $12.00 strike. This particular put needed to be split into 53 different trades to become filled. The total cost received by the writing party (or parties) was $278.1K, with a price of $115.0 per contract. There were 7339 open contracts at this strike prior to today, and today 2459 contract(s) were bought and sold. 
• For SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we notice a call option sweep that happens to be bearish, expiring in 137 day(s) on March 21, 2025. This event was a transfer of 1784 contract(s) at a $16.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $76.7K, with a price of $43.0 per contract. There were 4156 open contracts at this strike prior to today, and today 2025 contract(s) were bought and sold. 
• For PMT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>), we notice a put option trade that happens to be bullish, expiring in 164 day(s) on April 17, 2025. This event was a transfer of 2000 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $130.0K, with a price of $65.0 per contract. There were 2081 open contracts at this strike prior to today, and today 2003 contract(s) were bought and sold. 
• Regarding RKT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), we observe a call option sweep with bullish sentiment. It expires in 11 day(s) on November 15, 2024. Parties traded 882 contract(s) at a $16.50 strike. This particular call needed to be split into 38 different trades to become filled. The total cost received by the writing party (or parties) was $79.3K, with a price of $90.0 per contract. There were 246 open contracts at this strike prior to today, and today 1021 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on November 8, 2024. This event was a transfer of 44 contract(s) at a $185.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $32.3K, with a price of $735.0 per contract. There were 2338 open contracts at this strike prior to today, and today 841 contract(s) were bought and sold. 
• Regarding BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we observe a put option trade with bullish sentiment. It expires in 4 day(s) on November 8, 2024. Parties traded 200 contract(s) at a $44.50 strike. The total cost received by the writing party (or parties) was $62.0K, with a price of $310.0 per contract. There were 107 open contracts at this strike prior to today, and today 805 contract(s) were bought and sold. 
• Regarding UPST (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>), we observe a put option sweep with bearish sentiment. It expires in 4 day(s) on November 8, 2024. Parties traded 92 contract(s) at a $50.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $57.5K, with a price of $625.0 per contract. There were 624 open contracts at this strike prior to today, and today 612 contract(s) were bought and sold. 
• Regarding FUTU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>), we observe a call option trade with bullish sentiment. It expires in 46 day(s) on December 20, 2024. Parties traded 30 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $26.2K, with a price of $875.0 per contract. There were 1337 open contracts at this strike prior to today, and today 310 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

COIN

FUTU

SOFI

UPST

10 Financials Stocks Whale Activity In Today's Session

Wedbush analyst Jay McCanless reiterates PennyMac Mortgage IT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) with a Neutral and maintains $15 price target.

Price Target

Reiteration

Analyst Ratings

Wedbush Reiterates Neutral on PennyMac Mortgage IT, Maintains $15 Price Target

PennyMac Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) reported quarterly earnings of $0.36 per share which beat the analyst consensus estimate of $0.34 by 5.88 percent. The company reported quarterly sales of $80.864 million which missed the analyst consensus estimate of $93.258 million by 13.29 percent. This is a 50.52 percent decrease over sales of $163.429 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

PennyMac Mortgage Q3 2024 GAAP EPS $0.36 Beats $0.34 Estimate, Sales $80.864M Miss $93.258M Estimate

PennyMac Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) is preparing to release its quarterly earnings on Tuesday, 2024-10-22. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect PennyMac Mortgage to report an earnings per share (EPS) of $0.34.
Anticipation surrounds PennyMac Mortgage's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.18, which was followed by a 7.95% drop in the share price the next day.
Here's a look at PennyMac Mortgage's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.35</td>
<td>0.32</td>
<td>0.32</td>
<td>0.30</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.17</td>
<td>0.39</td>
<td>0.44</td>
<td>0.51</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-8.0%</td>
<td>3.0%</td>
<td>-3.0%</td>
<td>15.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729533739_0.png" alt="eps graph" />
<h3>Market Performance of PennyMac Mortgage's Stock</h3>
Shares of PennyMac Mortgage were trading at $14.06 as of October 18. Over the last 52-week period, shares are up 29.15%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/PMT/earnings">To track all earnings releases for PennyMac Mortgage visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

An Overview of PennyMac Mortgage's Earnings

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TIGR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$10.00</td>
<td>$30.0K</td>
<td>28.1K</td>
<td>11.9K</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$40.00</td>
<td>$33.7K</td>
<td>19.3K</td>
<td>4.0K</td>
</tr>
<tr>
<td>SQ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$70.00</td>
<td>$50.5K</td>
<td>338</td>
<td>1.8K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$65.00</td>
<td>$70.5K</td>
<td>26.8K</td>
<td>1.8K</td>
</tr>
<tr>
<td>FUTU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$115.00</td>
<td>$35.0K</td>
<td>552</td>
<td>553</td>
</tr>
<tr>
<td>ROOT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$50.00</td>
<td>$97.1K</td>
<td>214</td>
<td>79</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$60.00</td>
<td>$60.5K</td>
<td>197</td>
<td>70</td>
</tr>
<tr>
<td>PMT</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$7.50</td>
<td>$34.0K</td>
<td>33</td>
<td>50</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$75.00</td>
<td>$25.8K</td>
<td>2.2K</td>
<td>15</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TIGR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>), we notice a call option sweep that happens to be bullish, expiring in 99 day(s) on January 17, 2025. This event was a transfer of 200 contract(s) at a $10.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $30.0K, with a price of $150.0 per contract. There were 28114 open contracts at this strike prior to today, and today 11974 contract(s) were bought and sold. 
• For BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we notice a call option sweep that happens to be bullish, expiring in 8 day(s) on October 18, 2024. This event was a transfer of 348 contract(s) at a $40.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $33.7K, with a price of $97.0 per contract. There were 19383 open contracts at this strike prior to today, and today 4053 contract(s) were bought and sold. 
• Regarding SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we observe a put option sweep with bearish sentiment. It expires in 8 day(s) on October 18, 2024. Parties traded 324 contract(s) at a $70.00 strike. This particular put needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $50.5K, with a price of $156.0 per contract. There were 338 open contracts at this strike prior to today, and today 1866 contract(s) were bought and sold. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a call option trade with bearish sentiment. It expires in 8 day(s) on October 18, 2024. Parties traded 750 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $70.5K, with a price of $94.0 per contract. There were 26859 open contracts at this strike prior to today, and today 1819 contract(s) were bought and sold. 
• Regarding FUTU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>), we observe a call option sweep with neutral sentiment. It expires in 8 day(s) on October 18, 2024. Parties traded 100 contract(s) at a $115.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $35.0K, with a price of $350.0 per contract. There were 552 open contracts at this strike prior to today, and today 553 contract(s) were bought and sold. 
• For ROOT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>), we notice a put option sweep that happens to be neutral, expiring in 71 day(s) on December 20, 2024. This event was a transfer of 79 contract(s) at a $50.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $97.1K, with a price of $1230.0 per contract. There were 214 open contracts at this strike prior to today, and today 79 contract(s) were bought and sold. 
• For WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we notice a call option trade that happens to be bearish, expiring in 799 day(s) on December 18, 2026. This event was a transfer of 70 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $60.5K, with a price of $865.0 per contract. There were 197 open contracts at this strike prior to today, and today 70 contract(s) were bought and sold. 
• For PMT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>), we notice a call option trade that happens to be neutral, expiring in 71 day(s) on December 20, 2024. This event was a transfer of 50 contract(s) at a $7.50 strike. The total cost received by the writing party (or parties) was $34.0K, with a price of $680.0 per contract. There were 33 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold. 
• Regarding PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we observe a call option sweep with bullish sentiment. It expires in 435 day(s) on December 19, 2025. Parties traded 15 contract(s) at a $75.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $25.8K, with a price of $1708.0 per contract. There were 2250 open contracts at this strike prior to today, and today 15 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

PYPL

ROOT

TIGR

9 Financials Stocks Whale Activity In Today's Session

Keefe, Bruyette &amp; Woods analyst Bose George maintains PennyMac Mortgage IT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) with a Outperform and lowers the price target from $15.5 to $15.

Keefe, Bruyette & Woods Maintains Outperform on PennyMac Mortgage IT, Lowers Price Target to $15

B. Riley Securities analyst Matt Howlett reiterates PennyMac Mortgage IT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) with a Buy and maintains $16 price target.

B. Riley Securities Reiterates Buy on PennyMac Mortgage IT, Maintains $16 Price Target

Piper Sandler analyst Crispin Love maintains PennyMac Mortgage IT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) with a Neutral and lowers the price target from $15 to $14.5.

Piper Sandler Maintains Neutral on PennyMac Mortgage IT, Lowers Price Target to $14.5

PennyMac Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) reported quarterly earnings of $0.17 per share which missed the analyst consensus estimate of $0.34 by 50 percent. This is a 6.25 percent increase over earnings of $0.16 per share from the same period last year. The company reported quarterly sales of $71.198 million which missed the analyst consensus estimate of $91.210 million by 21.94 percent. This is a 21.29 percent decrease over sales of $90.452 million the same period last year.

PennyMac Mortgage Q2 2024 GAAP EPS $0.17 Misses $0.34 Estimate, Sales $71.198M Miss $91.210M Estimate

JMP Securities analyst Trevor Cranston maintains PennyMac Mortgage IT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) with a Market Outperform and raises the price target from $15 to $15.5.

JMP Securities Maintains Market Outperform on PennyMac Mortgage IT, Raises Price Target to $15.5

In the last three months, 5 analysts have published ratings on PennyMac Mortgage IT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>), offering a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $15.1, with a high estimate of $15.50 and a low estimate of $15.00. Witnessing a positive shift, the current average has risen by 1.34% from the previous average price target of $14.90.
<img src="https://www.benzinga.com/files/images/story/2024/1720620039_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of PennyMac Mortgage IT by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$15.50</td>
<td>$15.00</td>
</tr>
<tr>
<td>Crispin Love</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$15.00</td>
<td>$14.50</td>
</tr>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$15.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Trevor Cranston</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$15.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Trevor Cranston</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$15.00</td>
<td>$15.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to PennyMac Mortgage IT. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of PennyMac Mortgage IT compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for PennyMac Mortgage IT's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into PennyMac Mortgage IT's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/PMT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on PennyMac Mortgage IT analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Get to Know PennyMac Mortgage IT Better</h2>
PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The company's operations include activities such as the production and servicing of financial securities based on residential loans and the pooling and reselling of high-credit-quality mortgages. The company operates through four segments: correspondent production, credit-sensitive strategies, interest-rate-sensitive strategies, and corporate activities. The Credit sensitive strategies segment generates income via investments in CRT arrangements, subordinate MBS, distressed loans, and real estate.
<h3>Breaking Down PennyMac Mortgage IT's Financial Performance</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: PennyMac Mortgage IT's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -14.91%. This indicates a decrease in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: PennyMac Mortgage IT's net margin is impressive, surpassing industry averages. With a net margin of 91.66%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): PennyMac Mortgage IT's ROE stands out, surpassing industry averages. With an impressive ROE of 2.61%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): PennyMac Mortgage IT's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.29%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 3.4, PennyMac Mortgage IT adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>How Are Analyst Ratings Determined?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 5 Analysts Discuss PennyMac Mortgage IT Stock

Keefe, Bruyette &amp; Woods analyst Bose George upgrades PennyMac Mortgage IT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) from Market Perform to Outperform and raises the price target from $15 to $15.5.

Upgrades

Keefe, Bruyette & Woods Upgrades PennyMac Mortgage IT to Outperform, Raises Price Target to $15.5

Offerings

Pennymac Mortgage Investment Trust Files For Mixed Shelf; Size Not Disclosed

Piper Sandler analyst Crispin Love reiterates PennyMac Mortgage IT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) with a Neutral and raises the price target from $14.5 to $15.

Piper Sandler Reiterates Neutral on PennyMac Mortgage IT, Raises Price Target to $15

U.S. stocks settled lower on Tuesday, with the Dow Jones index dipping more than 550 points during the session. All three major indices recorded losses in April, ending a streak of five consecutive months of gains. The Dow dipped 5% to record its weakest monthly performance since Sept. 2022, while the S&amp;P 500 tumbled around 4.2% last month.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#8217;s opinion to trust.
Benzinga&#8217;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. One of the ways traders can sort through Benzinga&#8217;s extensive database of analyst ratings is by analyst accuracy. Here&#8217;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock</a> Ratings.
Analyst: Jay McCanless
<ul>
<li>Analyst Firm: Wedbush</li>
<li>Ratings Accuracy: 87%</li>
<li>Latest Rating: Reiterated a Neutral rating on PennyMac Mortgage Investment Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) with a price target of $15 on April 29. This analyst sees around 8% increase in the stock.</li>
<li>Recent News: On April 24, PennyMac Mortgage posted better-than-expected quarterly earnings.</li>
</ul>
Analyst: Zachary Fadem
<ul>
<li>Analyst Firm: Wells Fargo</li>
<li>Ratings Accuracy: 87%</li>
<li>Latest Rating: Maintained an Equal-Weight rating on Domino&#8217;s Pizza, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) and boosted the price target from $475 to $525 on April 30, 2024. This analyst sees around 1% downside in the stock.</li>
<li>Recent News: On April 29, Domino&#8217;s Pizza reported better-than-expected first-quarter earnings.</li>
</ul>
Analyst: Mark Kelley
<ul>
<li>Analyst Firm: Stifel</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained a Hold rating on Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) and boosted the price target from $12 to $13 on April 26. This analyst sees around 13% downside in the stock.</li>
<li>Recent News: On April 25, Snap reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates.</li>
</ul>
Analyst: William Stein
<ul>
<li>Analyst Firm: Truist Securities</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained a Buy rating on ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) and cut the price target from $89 to $85 on April 30. This analyst sees around 24% surge in the stock.</li>
<li>Recent News: On April 29, ON Semiconductor reported better-than-expected first-quarter results.</li>
</ul>
Analyst: Hans Mosesmann
<ul>
<li>Analyst Firm: Rosenblatt</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Reiterated a Buy rating on Lattice Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) with a price target of $85 on April 30. This analyst sees more than 24% upside in the stock.</li>
<li>Recent News: On April 29, Lattice Semiconductor reported upbeat first-quarter financial results, but issued weak revenue forecast for the second quarter.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/24/05/38542047/amazon-pfizer-and-3-stocks-to-watch-heading-into-wednesday">Amazon, Pfizer And 3 Stocks To Watch Heading Into Wednesday</a>

LSCC

SNAP

This Analyst With 86% Accuracy Rate Sees More Than 24% Upside In Lattice Semiconductor - Here Are 5 Stock Picks For April From Wall Street's Most Accurate Analysts

Across the recent three months, 4 analysts have shared their insights on PennyMac Mortgage IT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>), expressing a variety of opinions spanning from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated PennyMac Mortgage IT and provided 12-month price targets. The average target is $15.25, accompanied by a high estimate of $16.00 and a low estimate of $15.00. Observing a 1.67% increase, the current average has risen from the previous average price target of $15.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1714395615_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive PennyMac Mortgage IT. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$15.00</td>
<td>-</td>
</tr>
<tr>
<td>Trevor Cranston</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$15.00</td>
<td>-</td>
</tr>
<tr>
<td>Trevor Cranston</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$15.00</td>
<td>-</td>
</tr>
<tr>
<td>Matt Howlett</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$16.00</td>
<td>$15.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to PennyMac Mortgage IT. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of PennyMac Mortgage IT compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of PennyMac Mortgage IT's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of PennyMac Mortgage IT's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/PMT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on PennyMac Mortgage IT analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Unveiling the Story Behind PennyMac Mortgage IT</h2>
PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The company's operations include activities such as the production and servicing of financial securities based on residential loans and the pooling and reselling of high-credit-quality mortgages. The company operates through four segments: correspondent production, credit-sensitive strategies, interest-rate-sensitive strategies, and corporate activities. The Credit sensitive strategies segment generates income via investments in CRT arrangements, subordinate MBS, distressed loans, and real estate.
<h3>Breaking Down PennyMac Mortgage IT's Financial Performance</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Challenges: PennyMac Mortgage IT's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -17.74%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: PennyMac Mortgage IT's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 90.85% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): PennyMac Mortgage IT's ROE excels beyond industry benchmarks, reaching 2.62%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): PennyMac Mortgage IT's ROA stands out, surpassing industry averages. With an impressive ROA of 0.29%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: PennyMac Mortgage IT's debt-to-equity ratio is notably higher than the industry average. With a ratio of 3.4, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>How Are Analyst Ratings Determined?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations For PennyMac Mortgage IT's Future

PennyMac Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) reported quarterly earnings of $0.39 per share which beat the analyst consensus estimate of $0.32 by 21.88 percent. This is a 22 percent decrease over earnings of $0.50 per share from the same period last year. The company reported quarterly sales of $74.205 million which missed the analyst consensus estimate of $85.366 million by 13.07 percent. This is a 17.88 percent decrease over sales of $90.366 million the same period last year.

PennyMac Mortgage Q1 2024 GAAP EPS $0.39 Beats $0.32 Estimate, Sales $74.205M Miss $85.366M Estimate

3 Shares Yielding Over 9%

PennyMac Mortgage Investment Trust Q3 2024 Earnings Preview

Book value per common share decreased slightly to $15.85 at September 30, 2024, from $15.89 at June 30, 2024. "PMT‘s third quarter financial result...

PennyMac Mortgage reports Q3 EPS 36c, consensus 36c

PennyMac Mortgage Investment Trust GAAP EPS of $0.36 beats by $0.02

PennyMac Mortgage Q3 earnings bolstered by lower mortgage rates

PennyMac Mortgage Investment Trust (PMT) Q3 2024 Earnings Call Transcript

Brace For Volatility

Bank of America Securities analyst Eric Dray reiterated a Hold rating on PennyMac Mortgage (PMT – Research Report) yesterday and set a price target...

PennyMac Mortgage: Balancing Growth and Uncertainties with a Hold Rating

PennyMac Mortgage Investment Trust: Series C Preferred Shares Offer 8.2% Dividend Yield

PennyMac Mortgage Investment trust 6.75% Red PFD C declares $0.4218 dividend

ACRE

AGNC

AGNCL

AGNCM

AGNCN

AGNCO

AGNCP

ARCC

BLDG

BXMT

CSWC

CUBE

EPRT

EQIX

ESRT

FBRT

FREL

GPMT

GQRE

HAUS

HAUZ

HOMZ

IFGL

INDS

INVH

IRET

KBWY

KREF

LADR

MAIN

MORT

NAIL

NETL

NURE

NYMT

PFFR

PLDGP

PMTU

PPTY

RDOG

REET

REGCO

REGCP

REIT

RIET

RITM

ROOF

SBAC

SCHH

SRVR

STWD

USRT

VIOO

VRAI

WELL

XLRE

Press Releases

PennyMac Mortgage Investment Trust Reports Second Quarter 2024 Results

PennyMac Mortgage Investment Trust Declares Third Quarter 2024 Dividends for Its Preferred Shares

PennyMac Mortgage Investment Trust to Present at the 2024 Barclays Global Financial Services Conference

PennyMac Financial Services, Inc. to Present at the 2024 Barclays Global Financial Services Conference

PennyMac Mortgage Investment Trust Declares Third Quarter 2024 Dividend for Its Common Shares

Pennymac Announces Organizational Changes

PennyMac Mortgage Investment Trust Announces Date for Release of Third Quarter 2024 Results

PennyMac Financial Services, Inc. Reports Third Quarter 2024 Results

PennyMac Mortgage Investment Trust Reports Third Quarter 2024 Results

PennyMac Mortgage Investment Trust Declares Fourth Quarter 2024 Dividends for Its Preferred Shares

Comments

PennyMac Mortgage IT

Notizie

Ultime notizie per PennyMac Mortgage IT (NYSE:PMT) Azioni

Le persone guardano anche

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO