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Recommendations
PennyMac Mortgage price target raised to $19 from $12.50 at Deutsche Bank » 07:21
06/23/20
06/23
07:21
06/23/20
07:21
PMT

PennyMac Mortgage

$16.64 /

+ (+0.00%)

Deutsche Bank analyst…

Deutsche Bank analyst George Bahamondes raised the firm's price target on PennyMac Mortgage to $19 from $12.50 and keeps a Buy rating on the shares. The analyst updated estimates to reflect PennyMac's "better-than-expected" Q2 dividend announcement. The new price target reflects a higher annualized dividend estimate of $1.60 and implies the annualized dividend generates a 8.5% dividend yield.

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PMT PennyMac Mortgage
$16.64 /

+ (+0.00%)

PMT PennyMac Mortgage
$16.64 /

+ (+0.00%)

06/10/20 Piper Sandler
PennyMac Mortgage price target raised to $22 from $15 at Piper Sandler
04/28/20 BofA
AGNC, Capstead Mortgage raised to Buy, PennyMac Mortgage cut to Neutral at BofA
04/28/20 BofA
PennyMac Mortgage downgraded to Neutral from Buy at BofA
04/09/20 Piper Sandler
Mortgage Finance volatility brings 'unique opportunity,' says Piper Sandler
PMT PennyMac Mortgage
$16.64 /

+ (+0.00%)

PMT PennyMac Mortgage
$16.64 /

+ (+0.00%)

Over a month ago
Recommendations
PennyMac Mortgage price target raised to $22 from $15 at Piper Sandler » 06:06
06/10/20
06/10
06:06
06/10/20
06:06
PMT

PennyMac Mortgage

$15.40 /

-0.62 (-3.87%)

Piper Sandler analyst…

Piper Sandler analyst Kevin Barker raised the firm's price target on PennyMac Mortgage to $22 from $15 and reiterates an Overweight rating on the shares following virtual meetings with management. The analyst is more constructive on PennyMac due to a "significant" market rally in credit risk transfer prices and the company's "very bullish" outlook for correspondent mortgage lending. He expects credit risk transfer mark-ups in Q2 to cause tangible book value to rise to $20-plus from the $15.25 reported as of Q1.

ShowHide Related Items >><<
PMT PennyMac Mortgage
$15.40 /

-0.62 (-3.87%)

PMT PennyMac Mortgage
$15.40 /

-0.62 (-3.87%)

04/28/20 BofA
AGNC, Capstead Mortgage raised to Buy, PennyMac Mortgage cut to Neutral at BofA
04/28/20 BofA
PennyMac Mortgage downgraded to Neutral from Buy at BofA
04/09/20 Piper Sandler
Mortgage Finance volatility brings 'unique opportunity,' says Piper Sandler
04/03/20 Wells Fargo
Wells Fargo views PennyMac Financial weakness as industry issue
PMT PennyMac Mortgage
$15.40 /

-0.62 (-3.87%)

PMT PennyMac Mortgage
$15.40 /

-0.62 (-3.87%)

Conference/Events
PennyMac Mortgage management to meet virtually with Piper Sandler » 07:24
06/08/20
06/08
07:24
06/08/20
07:24
PMT

PennyMac Mortgage

$14.58 /

+0.53 (+3.77%)

Virtual Meeting to be…

Virtual Meeting to be held on June 8 hosted by Piper Sandler.

ShowHide Related Items >><<
PMT PennyMac Mortgage
$14.58 /

+0.53 (+3.77%)

PMT PennyMac Mortgage
$14.58 /

+0.53 (+3.77%)

04/28/20 BofA
AGNC, Capstead Mortgage raised to Buy, PennyMac Mortgage cut to Neutral at BofA
04/28/20 BofA
PennyMac Mortgage downgraded to Neutral from Buy at BofA
04/09/20 Piper Sandler
Mortgage Finance volatility brings 'unique opportunity,' says Piper Sandler
04/03/20 Wells Fargo
Wells Fargo views PennyMac Financial weakness as industry issue
PMT PennyMac Mortgage
$14.58 /

+0.53 (+3.77%)

PMT PennyMac Mortgage
$14.58 /

+0.53 (+3.77%)

Conference/Events
Wedbush banking/housing finance analysts hold analyst/industry conference call » 13:25
05/26/20
05/26
13:25
05/26/20
13:25
MTB

M&T Bank

$108.59 /

+10.53 (+10.74%)

, BOKF

BOK Financial

$51.04 /

+3.14 (+6.56%)

, USB

U.S. Bancorp

$35.77 /

+2.83 (+8.59%)

, CFG

Citizens Financial

$23.91 /

+2.63 (+12.36%)

, PFSI

PennyMac Financial

$33.24 /

+1.06 (+3.29%)

, FBC

Flagstar Bancorp

$27.92 /

+1.3 (+4.88%)

, COOP

Mr. Cooper

$10.78 /

+0.9 (+9.11%)

, NRZ

New Residential

$7.38 /

+0.39 (+5.58%)

, PMT

PennyMac Mortgage

$11.66 /

+0.71 (+6.48%)

, WD

Walker & Dunlop

$40.22 /

+1.32 (+3.39%)

Banking/Housing Finance…

Banking/Housing Finance Analysts & Capital Markets Analysts, along with Ken Richey, Founder of Richey May & Co., and Tom Piercy, Managing Director at Incenter Mortgage Advisors, discuss the trends in Mortgage Servicing Rights and managing COVID-19 forbearance on an Analyst/Industry conference call to be held on May 26 at 2 pm.

ShowHide Related Items >><<
WD Walker & Dunlop
$40.22 /

+1.32 (+3.39%)

USB U.S. Bancorp
$35.77 /

+2.83 (+8.59%)

PMT PennyMac Mortgage
$11.66 /

+0.71 (+6.48%)

PFSI PennyMac Financial
$33.24 /

+1.06 (+3.29%)

NRZ New Residential
$7.38 /

+0.39 (+5.58%)

MTB M&T Bank
$108.59 /

+10.53 (+10.74%)

FBC Flagstar Bancorp
$27.92 /

+1.3 (+4.88%)

COOP Mr. Cooper
$10.78 /

+0.9 (+9.11%)

CFG Citizens Financial
$23.91 /

+2.63 (+12.36%)

BOKF BOK Financial
$51.04 /

+3.14 (+6.56%)

MTB M&T Bank
$108.59 /

+10.53 (+10.74%)

05/18/20 Odeon Capital
M&T Bank downgraded to Sell from Buy at Odeon Capital
04/23/20 Odeon Capital
M&T Bank downgraded to Hold from Buy at Odeon Capital
04/14/20 Compass Point
M&T Bank initiated with a Neutral at Compass Point
03/12/20 Citi
M&T Bank price target lowered to $140 from $170 at Citi
BOKF BOK Financial
$51.04 /

+3.14 (+6.56%)

03/09/20 Raymond James
BOK Financial downgraded at Raymond James as oil prices sink
03/09/20 Raymond James
BOK Financial downgraded to Market Perform from Outperform at Raymond James
03/06/20 SunTrust
SunTrust cuts price targets on Banks amid lower interest rate environment
01/23/20 DA Davidson
BOK Financial downgraded to Neutral from Buy at DA Davidson
USB U.S. Bancorp
$35.77 /

+2.83 (+8.59%)

05/15/20 Cowen
Cowen 'would be surprised' if Goldman tried to buy any big commercial banks
04/16/20 Nomura Instinet
U.S. Bancorp upgraded to Buy from Neutral at Nomura Instinet
04/14/20 Compass Point
U.S. Bancorp initiated with a Neutral at Compass Point
04/06/20 Wells Fargo
Wells Fargo sees information 'void' until banks report earnings next week
CFG Citizens Financial
$23.91 /

+2.63 (+12.36%)

05/04/20 UBS
Wells Fargo, PNC Financial cut to Sell, Keycorp cut to Neutral at UBS
05/04/20 UBS
Citizens Financial upgraded to Buy from Neutral at UBS
04/20/20 Morgan Stanley
Amazon removed from Fresh Money Buy List at Morgan Stanley
04/14/20 Compass Point
Citizens Financial initiated with a Neutral at Compass Point
PFSI PennyMac Financial
$33.24 /

+1.06 (+3.29%)

05/20/20 JMP Securities
PennyMac Financial price target raised to $40 from $25 at JMP Securities
04/13/20 Credit Suisse
PennyMac Financial upgraded to Outperform from Neutral at Credit Suisse
04/09/20 Piper Sandler
Mortgage Finance volatility brings 'unique opportunity,' says Piper Sandler
04/03/20 Wells Fargo
Wells Fargo views PennyMac Financial weakness as industry issue
FBC Flagstar Bancorp
$27.92 /

+1.3 (+4.88%)

05/07/20 B. Riley FBR
Flagstar Bancorp price target raised to $30 from $27 at B. Riley FBR
02/26/20 Piper Sandler
Flagstar Bancorp upgraded to Overweight from Neutral at Piper Sandler
COOP Mr. Cooper
$10.78 /

+0.9 (+9.11%)

05/15/20 Wedbush
Mr. Cooper upgraded to Outperform from Neutral at Wedbush
04/07/20 Wedbush
Mr. Cooper downgraded to Neutral at Wedbush
04/07/20 Wedbush
Mr. Cooper downgraded to Neutral from Outperform at Wedbush
NRZ New Residential
$7.38 /

+0.39 (+5.58%)

04/08/20 B. Riley FBR
Cherry Hill Mortgage price target lowered to $9 from $15 at B. Riley FBR
04/06/20 Raymond James
Raymond James cuts estimates and targets for residential mortgage REITs
04/02/20 BTIG
New Residential price target lowered to $10.50 from $18 at BTIG
04/02/20 Argus
New Residential downgraded to Hold from Buy at Argus
PMT PennyMac Mortgage
$11.66 /

+0.71 (+6.48%)

04/28/20 BofA
AGNC, Capstead Mortgage raised to Buy, PennyMac Mortgage cut to Neutral at BofA
04/28/20 BofA
PennyMac Mortgage downgraded to Neutral from Buy at BofA
WD Walker & Dunlop
$40.22 /

+1.32 (+3.39%)

05/11/20 Wedbush
Walker & Dunlop price target lowered to $66 from $82.50 at Wedbush
02/18/20
Fly Intel: Top five analyst downgrades
02/18/20 JMP Securities
Walker & Dunlop downgraded to Market Perform from Outperform at JMP Securities
02/18/20 JMP Securities
Walker & Dunlop downgraded to Market Perform from Outperform at JMP Securities
WD Walker & Dunlop
$40.22 /

+1.32 (+3.39%)

USB U.S. Bancorp
$35.77 /

+2.83 (+8.59%)

PFSI PennyMac Financial
$33.24 /

+1.06 (+3.29%)

NRZ New Residential
$7.38 /

+0.39 (+5.58%)

MTB M&T Bank
$108.59 /

+10.53 (+10.74%)

FBC Flagstar Bancorp
$27.92 /

+1.3 (+4.88%)

COOP Mr. Cooper
$10.78 /

+0.9 (+9.11%)

CFG Citizens Financial
$23.91 /

+2.63 (+12.36%)

BOKF BOK Financial
$51.04 /

+3.14 (+6.56%)

USB U.S. Bancorp
$35.77 /

+2.83 (+8.59%)

NRZ New Residential
$7.38 /

+0.39 (+5.58%)

MTB M&T Bank
$108.59 /

+10.53 (+10.74%)

CFG Citizens Financial
$23.91 /

+2.63 (+12.36%)

USB U.S. Bancorp
$35.77 /

+2.83 (+8.59%)

PMT PennyMac Mortgage
$11.66 /

+0.71 (+6.48%)

MTB M&T Bank
$108.59 /

+10.53 (+10.74%)

CFG Citizens Financial
$23.91 /

+2.63 (+12.36%)

USB U.S. Bancorp
$35.77 /

+2.83 (+8.59%)

NRZ New Residential
$7.38 /

+0.39 (+5.58%)

COOP Mr. Cooper
$10.78 /

+0.9 (+9.11%)

CFG Citizens Financial
$23.91 /

+2.63 (+12.36%)

Conference/Events
Wedbush banking/housing finance analysts hold analyst/industry conference call » 04:55
05/26/20
05/26
04:55
05/26/20
04:55
MTB

M&T Bank

$98.06 /

+1.33 (+1.37%)

, BOKF

BOK Financial

$47.90 /

-0.77 (-1.58%)

, USB

U.S. Bancorp

$32.94 /

+0.01 (+0.03%)

, CFG

Citizens Financial

$21.28 /

-0.065 (-0.30%)

, PFSI

PennyMac Financial

$32.18 /

-0.03 (-0.09%)

, FBC

Flagstar Bancorp

$26.62 /

-0.22 (-0.82%)

, COOP

Mr. Cooper

$9.88 /

-0.35 (-3.42%)

, NRZ

New Residential

$6.99 /

+0.025 (+0.36%)

, PMT

PennyMac Mortgage

$10.95 /

+0.17 (+1.58%)

, WD

Walker & Dunlop

$38.90 /

-0.65 (-1.64%)

Banking/Housing Finance…

Banking/Housing Finance Analysts & Capital Markets Analysts, along with Ken Richey, Founder of Richey May & Co., and Tom Piercy, Managing Director at Incenter Mortgage Advisors, discuss the trends in Mortgage Servicing Rights and managing COVID-19 forbearance on an Analyst/Industry conference call to be held on May 26 at 2 pm.

ShowHide Related Items >><<
WD Walker & Dunlop
$38.90 /

-0.65 (-1.64%)

USB U.S. Bancorp
$32.94 /

+0.01 (+0.03%)

PMT PennyMac Mortgage
$10.95 /

+0.17 (+1.58%)

PFSI PennyMac Financial
$32.18 /

-0.03 (-0.09%)

NRZ New Residential
$6.99 /

+0.025 (+0.36%)

MTB M&T Bank
$98.06 /

+1.33 (+1.37%)

FBC Flagstar Bancorp
$26.62 /

-0.22 (-0.82%)

COOP Mr. Cooper
$9.88 /

-0.35 (-3.42%)

CFG Citizens Financial
$21.28 /

-0.065 (-0.30%)

BOKF BOK Financial
$47.90 /

-0.77 (-1.58%)

MTB M&T Bank
$98.06 /

+1.33 (+1.37%)

05/18/20 Odeon Capital
M&T Bank downgraded to Sell from Buy at Odeon Capital
04/23/20 Odeon Capital
M&T Bank downgraded to Hold from Buy at Odeon Capital
04/14/20 Compass Point
M&T Bank initiated with a Neutral at Compass Point
03/12/20 Citi
M&T Bank price target lowered to $140 from $170 at Citi
BOKF BOK Financial
$47.90 /

-0.77 (-1.58%)

03/09/20 Raymond James
BOK Financial downgraded at Raymond James as oil prices sink
03/09/20 Raymond James
BOK Financial downgraded to Market Perform from Outperform at Raymond James
03/06/20 SunTrust
SunTrust cuts price targets on Banks amid lower interest rate environment
01/23/20 DA Davidson
BOK Financial downgraded to Neutral from Buy at DA Davidson
USB U.S. Bancorp
$32.94 /

+0.01 (+0.03%)

05/15/20 Cowen
Cowen 'would be surprised' if Goldman tried to buy any big commercial banks
04/16/20 Nomura Instinet
U.S. Bancorp upgraded to Buy from Neutral at Nomura Instinet
04/14/20 Compass Point
U.S. Bancorp initiated with a Neutral at Compass Point
04/06/20 Wells Fargo
Wells Fargo sees information 'void' until banks report earnings next week
CFG Citizens Financial
$21.28 /

-0.065 (-0.30%)

05/04/20 UBS
Wells Fargo, PNC Financial cut to Sell, Keycorp cut to Neutral at UBS
05/04/20 UBS
Citizens Financial upgraded to Buy from Neutral at UBS
04/20/20 Morgan Stanley
Amazon removed from Fresh Money Buy List at Morgan Stanley
04/14/20 Compass Point
Citizens Financial initiated with a Neutral at Compass Point
PFSI PennyMac Financial
$32.18 /

-0.03 (-0.09%)

05/20/20 JMP Securities
PennyMac Financial price target raised to $40 from $25 at JMP Securities
04/13/20 Credit Suisse
PennyMac Financial upgraded to Outperform from Neutral at Credit Suisse
04/09/20 Piper Sandler
Mortgage Finance volatility brings 'unique opportunity,' says Piper Sandler
04/03/20 Wells Fargo
Wells Fargo views PennyMac Financial weakness as industry issue
FBC Flagstar Bancorp
$26.62 /

-0.22 (-0.82%)

05/07/20 B. Riley FBR
Flagstar Bancorp price target raised to $30 from $27 at B. Riley FBR
02/26/20 Piper Sandler
Flagstar Bancorp upgraded to Overweight from Neutral at Piper Sandler
COOP Mr. Cooper
$9.88 /

-0.35 (-3.42%)

05/15/20 Wedbush
Mr. Cooper upgraded to Outperform from Neutral at Wedbush
04/07/20 Wedbush
Mr. Cooper downgraded to Neutral at Wedbush
04/07/20 Wedbush
Mr. Cooper downgraded to Neutral from Outperform at Wedbush
NRZ New Residential
$6.99 /

+0.025 (+0.36%)

04/08/20 B. Riley FBR
Cherry Hill Mortgage price target lowered to $9 from $15 at B. Riley FBR
04/06/20 Raymond James
Raymond James cuts estimates and targets for residential mortgage REITs
04/02/20 BTIG
New Residential price target lowered to $10.50 from $18 at BTIG
04/02/20 Argus
New Residential downgraded to Hold from Buy at Argus
PMT PennyMac Mortgage
$10.95 /

+0.17 (+1.58%)

04/28/20 BofA
AGNC, Capstead Mortgage raised to Buy, PennyMac Mortgage cut to Neutral at BofA
04/28/20 BofA
PennyMac Mortgage downgraded to Neutral from Buy at BofA
WD Walker & Dunlop
$38.90 /

-0.65 (-1.64%)

05/11/20 Wedbush
Walker & Dunlop price target lowered to $66 from $82.50 at Wedbush
02/18/20
Fly Intel: Top five analyst downgrades
02/18/20 JMP Securities
Walker & Dunlop downgraded to Market Perform from Outperform at JMP Securities
02/18/20 JMP Securities
Walker & Dunlop downgraded to Market Perform from Outperform at JMP Securities
WD Walker & Dunlop
$38.90 /

-0.65 (-1.64%)

USB U.S. Bancorp
$32.94 /

+0.01 (+0.03%)

PFSI PennyMac Financial
$32.18 /

-0.03 (-0.09%)

NRZ New Residential
$6.99 /

+0.025 (+0.36%)

MTB M&T Bank
$98.06 /

+1.33 (+1.37%)

FBC Flagstar Bancorp
$26.62 /

-0.22 (-0.82%)

COOP Mr. Cooper
$9.88 /

-0.35 (-3.42%)

CFG Citizens Financial
$21.28 /

-0.065 (-0.30%)

BOKF BOK Financial
$47.90 /

-0.77 (-1.58%)

USB U.S. Bancorp
$32.94 /

+0.01 (+0.03%)

NRZ New Residential
$6.99 /

+0.025 (+0.36%)

MTB M&T Bank
$98.06 /

+1.33 (+1.37%)

CFG Citizens Financial
$21.28 /

-0.065 (-0.30%)

USB U.S. Bancorp
$32.94 /

+0.01 (+0.03%)

PMT PennyMac Mortgage
$10.95 /

+0.17 (+1.58%)

MTB M&T Bank
$98.06 /

+1.33 (+1.37%)

CFG Citizens Financial
$21.28 /

-0.065 (-0.30%)

USB U.S. Bancorp
$32.94 /

+0.01 (+0.03%)

NRZ New Residential
$6.99 /

+0.025 (+0.36%)

COOP Mr. Cooper
$9.88 /

-0.35 (-3.42%)

CFG Citizens Financial
$21.28 /

-0.065 (-0.30%)

Conference/Events
Wedbush banking/housing finance analysts hold analyst/industry conference call » 09:08
05/22/20
05/22
09:08
05/22/20
09:08
MTB

M&T Bank

$96.73 /

+0.65 (+0.68%)

, BOKF

BOK Financial

$48.67 /

-0.58 (-1.18%)

, USB

U.S. Bancorp

$32.93 /

-0.13 (-0.39%)

, CFG

Citizens Financial

$21.35 /

-0.325 (-1.50%)

, PFSI

PennyMac Financial

$32.21 /

+0.37 (+1.16%)

, FBC

Flagstar Bancorp

$26.84 /

-0.22 (-0.81%)

, COOP

Mr. Cooper

$10.23 /

+0.03 (+0.29%)

, NRZ

New Residential

$6.97 /

+0.285 (+4.27%)

, PMT

PennyMac Mortgage

$10.78 /

-0.03 (-0.28%)

, WD

Walker & Dunlop

$39.55 /

-0.45 (-1.13%)

Banking/Housing Finance…

Banking/Housing Finance Analysts & Capital Markets Analysts, along with Ken Richey, Founder of Richey May & Co., and Tom Piercy, Managing Director at Incenter Mortgage Advisors, discuss the trends in Mortgage Servicing Rights and managing COVID-19 forbearance on an Analyst/Industry conference call to be held on May 26 at 2 pm.

ShowHide Related Items >><<
WD Walker & Dunlop
$39.55 /

-0.45 (-1.13%)

USB U.S. Bancorp
$32.93 /

-0.13 (-0.39%)

PMT PennyMac Mortgage
$10.78 /

-0.03 (-0.28%)

PFSI PennyMac Financial
$32.21 /

+0.37 (+1.16%)

NRZ New Residential
$6.97 /

+0.285 (+4.27%)

MTB M&T Bank
$96.73 /

+0.65 (+0.68%)

FBC Flagstar Bancorp
$26.84 /

-0.22 (-0.81%)

COOP Mr. Cooper
$10.23 /

+0.03 (+0.29%)

CFG Citizens Financial
$21.35 /

-0.325 (-1.50%)

BOKF BOK Financial
$48.67 /

-0.58 (-1.18%)

MTB M&T Bank
$96.73 /

+0.65 (+0.68%)

05/18/20 Odeon Capital
M&T Bank downgraded to Sell from Buy at Odeon Capital
04/23/20 Odeon Capital
M&T Bank downgraded to Hold from Buy at Odeon Capital
04/14/20 Compass Point
M&T Bank initiated with a Neutral at Compass Point
03/12/20 Citi
M&T Bank price target lowered to $140 from $170 at Citi
BOKF BOK Financial
$48.67 /

-0.58 (-1.18%)

03/09/20 Raymond James
BOK Financial downgraded at Raymond James as oil prices sink
03/09/20 Raymond James
BOK Financial downgraded to Market Perform from Outperform at Raymond James
03/06/20 SunTrust
SunTrust cuts price targets on Banks amid lower interest rate environment
01/23/20 DA Davidson
BOK Financial downgraded to Neutral from Buy at DA Davidson
USB U.S. Bancorp
$32.93 /

-0.13 (-0.39%)

05/15/20 Cowen
Cowen 'would be surprised' if Goldman tried to buy any big commercial banks
04/16/20 Nomura Instinet
U.S. Bancorp upgraded to Buy from Neutral at Nomura Instinet
04/14/20 Compass Point
U.S. Bancorp initiated with a Neutral at Compass Point
04/06/20 Wells Fargo
Wells Fargo sees information 'void' until banks report earnings next week
CFG Citizens Financial
$21.35 /

-0.325 (-1.50%)

05/04/20 UBS
Wells Fargo, PNC Financial cut to Sell, Keycorp cut to Neutral at UBS
05/04/20 UBS
Citizens Financial upgraded to Buy from Neutral at UBS
04/20/20 Morgan Stanley
Amazon removed from Fresh Money Buy List at Morgan Stanley
04/14/20 Compass Point
Citizens Financial initiated with a Neutral at Compass Point
PFSI PennyMac Financial
$32.21 /

+0.37 (+1.16%)

05/20/20 JMP Securities
PennyMac Financial price target raised to $40 from $25 at JMP Securities
04/13/20 Credit Suisse
PennyMac Financial upgraded to Outperform from Neutral at Credit Suisse
04/09/20 Piper Sandler
Mortgage Finance volatility brings 'unique opportunity,' says Piper Sandler
04/03/20 Wells Fargo
Wells Fargo views PennyMac Financial weakness as industry issue
FBC Flagstar Bancorp
$26.84 /

-0.22 (-0.81%)

05/07/20 B. Riley FBR
Flagstar Bancorp price target raised to $30 from $27 at B. Riley FBR
02/26/20 Piper Sandler
Flagstar Bancorp upgraded to Overweight from Neutral at Piper Sandler
COOP Mr. Cooper
$10.23 /

+0.03 (+0.29%)

05/15/20 Wedbush
Mr. Cooper upgraded to Outperform from Neutral at Wedbush
04/07/20 Wedbush
Mr. Cooper downgraded to Neutral at Wedbush
04/07/20 Wedbush
Mr. Cooper downgraded to Neutral from Outperform at Wedbush
NRZ New Residential
$6.97 /

+0.285 (+4.27%)

04/08/20 B. Riley FBR
Cherry Hill Mortgage price target lowered to $9 from $15 at B. Riley FBR
04/06/20 Raymond James
Raymond James cuts estimates and targets for residential mortgage REITs
04/02/20 BTIG
New Residential price target lowered to $10.50 from $18 at BTIG
04/02/20 Argus
New Residential downgraded to Hold from Buy at Argus
PMT PennyMac Mortgage
$10.78 /

-0.03 (-0.28%)

04/28/20 BofA
AGNC, Capstead Mortgage raised to Buy, PennyMac Mortgage cut to Neutral at BofA
04/28/20 BofA
PennyMac Mortgage downgraded to Neutral from Buy at BofA
WD Walker & Dunlop
$39.55 /

-0.45 (-1.13%)

05/11/20 Wedbush
Walker & Dunlop price target lowered to $66 from $82.50 at Wedbush
02/18/20
Fly Intel: Top five analyst downgrades
02/18/20 JMP Securities
Walker & Dunlop downgraded to Market Perform from Outperform at JMP Securities
02/18/20 JMP Securities
Walker & Dunlop downgraded to Market Perform from Outperform at JMP Securities
WD Walker & Dunlop
$39.55 /

-0.45 (-1.13%)

USB U.S. Bancorp
$32.93 /

-0.13 (-0.39%)

PFSI PennyMac Financial
$32.21 /

+0.37 (+1.16%)

NRZ New Residential
$6.97 /

+0.285 (+4.27%)

MTB M&T Bank
$96.73 /

+0.65 (+0.68%)

FBC Flagstar Bancorp
$26.84 /

-0.22 (-0.81%)

COOP Mr. Cooper
$10.23 /

+0.03 (+0.29%)

CFG Citizens Financial
$21.35 /

-0.325 (-1.50%)

BOKF BOK Financial
$48.67 /

-0.58 (-1.18%)

USB U.S. Bancorp
$32.93 /

-0.13 (-0.39%)

NRZ New Residential
$6.97 /

+0.285 (+4.27%)

MTB M&T Bank
$96.73 /

+0.65 (+0.68%)

CFG Citizens Financial
$21.35 /

-0.325 (-1.50%)

USB U.S. Bancorp
$32.93 /

-0.13 (-0.39%)

PMT PennyMac Mortgage
$10.78 /

-0.03 (-0.28%)

MTB M&T Bank
$96.73 /

+0.65 (+0.68%)

CFG Citizens Financial
$21.35 /

-0.325 (-1.50%)

USB U.S. Bancorp
$32.93 /

-0.13 (-0.39%)

NRZ New Residential
$6.97 /

+0.285 (+4.27%)

COOP Mr. Cooper
$10.23 /

+0.03 (+0.29%)

CFG Citizens Financial
$21.35 /

-0.325 (-1.50%)

Upgrade
AGNC, Capstead Mortgage raised to Buy, PennyMac Mortgage cut to Neutral at BofA » 06:57
04/28/20
04/28
06:57
04/28/20
06:57
AGNC

AGNC Investment

$12.30 /

+0.16 (+1.32%)

, CMO

Capstead Mortgage

$4.95 /

+0.205 (+4.32%)

, PMT

PennyMac Mortgage

$10.31 /

+0.075 (+0.73%)

BofA analyst Derek Hewett…

BofA analyst Derek Hewett upgraded AGNC Investment (AGNC) and Capstead Mortgage (CMO) to Buy from Neutral while cutting PennyMac Mortgage (PMT) to Neutral from Buy as part of a broader research note on mortgage finance. The analyst notes that elevated volatility experienced in the space during Q1 yielded some attractive opportunities, though he is also cutting his earnings and price targets for the sector as margin calls have forced many participants to sell assets into the weak market to de-lever.

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AGNC AGNC Investment
$12.30 /

+0.16 (+1.32%)

04/28/20 BofA
AGNC Investment upgraded to Buy from Neutral at BofA
04/16/20 JMP Securities
AGNC Investment upgraded to Outperform from Market Perform at JMP Securities
04/01/20 Wedbush
AGNC Investment price target lowered to $12.80 from $20.25 at Wedbush
03/25/20 Maxim
AGNC Investment, New York Mortgage Trust cut to Hold at Maxim
CMO Capstead Mortgage
$4.95 /

+0.205 (+4.32%)

04/28/20 BofA
Capstead Mortgage upgraded to Buy from Neutral at BofA
03/30/20 JMP Securities
Capstead Mortgage upgraded to Outperform from Market Perform at JMP Securities
01/27/20 BofA
Capstead Mortgage initiated with a Neutral at BofA
PMT PennyMac Mortgage
$10.31 /

+0.075 (+0.73%)

04/28/20 BofA
PennyMac Mortgage downgraded to Neutral from Buy at BofA
04/09/20 Piper Sandler
Mortgage Finance volatility brings 'unique opportunity,' says Piper Sandler
04/03/20 Wells Fargo
Wells Fargo views PennyMac Financial weakness as industry issue
12/02/19 Compass Point
PennyMac Mortgage initiated with a Neutral at Compass Point
Downgrade
PennyMac Mortgage downgraded to Neutral from Buy at BofA » 06:43
04/28/20
04/28
06:43
04/28/20
06:43
PMT

PennyMac Mortgage

$10.31 /

+0.075 (+0.73%)

BofA analyst Derek Hewett…

BofA analyst Derek Hewett downgraded PennyMac Mortgage to Neutral from Buy.

ShowHide Related Items >><<
PMT PennyMac Mortgage
$10.31 /

+0.075 (+0.73%)

04/09/20 Piper Sandler
Mortgage Finance volatility brings 'unique opportunity,' says Piper Sandler
04/03/20 Wells Fargo
Wells Fargo views PennyMac Financial weakness as industry issue
12/02/19 Compass Point
PennyMac Mortgage initiated with a Neutral at Compass Point
10/11/19 Deutsche Bank
PennyMac Mortgage initiated with a Buy rating at Deutsche Bank
Over a quarter ago
Recommendations
Mortgage Finance volatility brings 'unique opportunity,' says Piper Sandler » 08:09
04/09/20
04/09
08:09
04/09/20
08:09
COOP

Mr. Cooper

$7.16 /

+1.2 (+20.13%)

, PFSI

PennyMac Financial

$24.00 /

+3.68 (+18.11%)

, AJX

Great Ajax

$7.01 /

+0.65 (+10.22%)

, CHMI

Cherry Hill Mortgage

$6.06 /

+1.49 (+32.60%)

, EFC

Ellington Financial

$9.11 /

+3.91 (+75.19%)

, PMT

PennyMac Mortgage

$9.83 /

+1.26 (+14.70%)

, RC

Ready Capital

$5.36 /

+0.56 (+11.67%)

The volatility in the…

The volatility in the Mortgage Finance sector presents a "unique opportunity" for the mortgage originator/servicers with low leverage and access to ample liquidity, Piper Sandler analyst Kevin Barker tells investors in a research note. PennyMac Financial (PFSI) has come under significant pressure as the market discounted the potential for a liquidity squeeze from the government's forbearance programs, adds the analyst. However, Baker believes these fears have been over-discounted in the stock given PennyMac's "strong capital base and diverse funding profile." The analyst believes PennyMac is operating from a position of strength and that the overhangs will erode with the company announcing an expansion of its credit lines. Other Overweight-rated names for Baker include Mr. Cooper Group (COOP), Great Ajax (AJX), Cherry Hill Mortgage (CHMI), Ellington Financial (EFC), PennyMac Mortgage (PMT) and Ready Capital (RC). The analyst did not downgrade Mr. Cooper Group this morning as has been reported by other media outlets.

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COOP Mr. Cooper
$7.16 /

+1.2 (+20.13%)

04/07/20 Wedbush
Mr. Cooper downgraded to Neutral at Wedbush
04/07/20 Wedbush
Mr. Cooper downgraded to Neutral from Outperform at Wedbush
03/18/20 Piper Sandler
Mr. Cooper upgraded to Overweight from Underweight at Piper Sandler
PFSI PennyMac Financial
$24.00 /

+3.68 (+18.11%)

04/03/20 Wells Fargo
Wells Fargo views PennyMac Financial weakness as industry issue
03/23/20 JMP Securities
PennyMac Financial upgraded to Outperform from Market Perform at JMP Securities
02/28/20 Keefe Bruyette
PennyMac Financial upgraded to Outperform from Market Perform at Keefe Bruyette
02/13/20 Wells Fargo
PennyMac selloff on BlackRock sale a buying opportunity, says Wells Fargo
AJX Great Ajax
$7.01 /

+0.65 (+10.22%)

04/06/20 Raymond James
Raymond James cuts estimates and targets for residential mortgage REITs
CHMI Cherry Hill Mortgage
$6.06 /

+1.49 (+32.60%)

04/08/20 B. Riley FBR
Cherry Hill Mortgage price target lowered to $9 from $15 at B. Riley FBR
01/31/20 Piper Sandler
Cherry Hill Mortgage initiated with an Overweight at Piper Sandler
EFC Ellington Financial
$9.11 /

+3.91 (+75.19%)

09/27/19 Nomura Instinet
Ellington Financial initiated with a Buy at Nomura Instinet
PMT PennyMac Mortgage
$9.83 /

+1.26 (+14.70%)

12/02/19 Compass Point
PennyMac Mortgage initiated with a Neutral at Compass Point
10/11/19 Deutsche Bank
PennyMac Mortgage initiated with a Buy rating at Deutsche Bank
09/23/19 BofA
PennyMac Mortgage initiated with a Buy at BofA/Merrill
RC Ready Capital
$5.36 /

+0.56 (+11.67%)

12/23/19
Fly Intel: Top five analyst actions
12/23/19 Sandler O'Neill
Ready Capital upgraded to Buy from Hold at Sandler O'Neill
11/08/19 Compass Point
Ready Capital downgraded to Hold from Buy at Compass Point
Recommendations
Wells Fargo views PennyMac Financial weakness as industry issue » 14:58
04/03/20
04/03
14:58
04/03/20
14:58
PFSI

PennyMac Financial

$15.69 /

-2.235 (-12.47%)

, PMT

PennyMac Mortgage

$6.65 /

-1.33 (-16.67%)

Wells Fargo analyst…

Wells Fargo analyst Michael Kaye maintained an Overweight rating on PennyMac Financial (PFSI), saying that mortgage related stocks are under pressure following a Bloomberg report indicating that federal regulators are holding off on aid to mortgage servicers. Kaye believes that federal regulators are taking a wait and see approach, and that while this is a negative, he continues to believe that regulators would step in if the situation deteriorated. The analyst added that he views any weakness in PennyMac Financial shares as a mortgage servicing industry issue rather than a PennyMac specific issue. Kaye has an Equal Weight rating on PennyMac Mortgage (PMT).

ShowHide Related Items >><<
PFSI PennyMac Financial
$15.69 /

-2.235 (-12.47%)

03/23/20 JMP Securities
PennyMac Financial upgraded to Outperform from Market Perform at JMP Securities
02/28/20 Keefe Bruyette
PennyMac Financial upgraded to Outperform from Market Perform at Keefe Bruyette
02/13/20 Wells Fargo
PennyMac selloff on BlackRock sale a buying opportunity, says Wells Fargo
02/10/20 Wedbush
PennyMac Financial price target raised to $40 from $34 at Wedbush
PMT PennyMac Mortgage
$6.65 /

-1.33 (-16.67%)

12/02/19 Compass Point
PennyMac Mortgage initiated with a Neutral at Compass Point
10/11/19 Deutsche Bank
PennyMac Mortgage initiated with a Buy rating at Deutsche Bank
09/23/19 BofA
PennyMac Mortgage initiated with a Buy at BofA/Merrill
09/23/19 BofA
PennyMac Mortgage initiated with a Buy at BofA/Merrill

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