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Anne Mccallion Sells 5000 Shares of PennyMac Financial Services Inc. (PFSI) Stock

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings results on Thursday, November 3rd. The real estate investment trust reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.16. PennyMac Financial Services had a net margin of 6.76% and a return on equity of 4.88%. The business had revenue of $291.40 million for the quarter, compared to analysts’ expectations of $259.79 million. During the same period last year, the business earned $0.58 earnings per share. The business’s quarterly revenue was up 54.0% on a year-over-year basis. Equities research analysts predict that PennyMac Financial Services Inc. will post $2.71 earnings per share for the current year.

Several research firms recently commented on PFSI. Zacks Investment Research upgraded shares of PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Saturday, September 17th. Citigroup Inc. lifted their target price on shares of PennyMac Financial Services from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, September 9th. JPMorgan Chase & Co. lifted their target price on shares of PennyMac Financial Services from $14.00 to $16.50 and gave the stock a “neutral” rating in a research report on Friday, August 5th. Bank of America Corp. downgraded shares of PennyMac Financial Services from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 28th. Finally, Nomura reiterated a “buy” rating and set a $20.00 target price on shares of PennyMac Financial Services in a research report on Friday, November 4th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. PennyMac Financial Services presently has a consensus rating of “Buy” and a consensus target price of $18.15.

Top Workplaces panel discusses the value of unconventional hiring

For a workforce of individuals who are passionate about their jobs and good at them, it can sometimes be a smart move to take an unconventional approach to hiring.

That was one of the managerial takeaways Tuesday night during the 2016 Detroit Free Press Top Workplaces gala, an event honoring the highest-placing firms in the annual rankings of businesses with happy and contented employees.

The gala was attended by some 400 people at the Detroit Marriott Troy, including owners, managers and employees of the 15 firms that were recognized in the small, medium and large categories. The awards were the result of a nomination process and anonymous employee surveys conducted by the Free Press’s partner, Workplace Dynamics, a suburban Philadelphia-based employee research and consulting firm.

►Related: Panelists named for Detroit Free Press Top Workplaces
►Related:  April Clobes wins Top Workplaces Leadership

Real Estate Financial service?

I have a concept for a financial real estate service and I would like some feedback on whether or not it could work.

Say someone has owned their home for several years and own a large amount of equity in their property "lets say $65,000".


It won't work. For the sake of clarity, lets assume the house was purchased for 165k and the owner has, as you say, 65k in equity. The third party investor is supposed to buy the house for 165k? Why would anybody do that, where is their profit?