PennyMac Financial shares rise after KBW upgrades to 'outperform'

PennyMac Financial Services

16/03/2026 15:01

** Shares of mortgage lender PennyMac Financial Services PFSI.N rise 2.4% to $86.12 after Keefe, Bruyette & Woods upgrades to "outperform" from "market perform"

** Brokerage says PFSI is best positioned among the large originators for higher interest rates since ROEs could rise as fewer borrowers refinance and servicing income lasts longer

** "Of the larger-cap mortgages names in our coverage, PFSI is the only company that could show higher EPS if rates continue to trend up, as it benefits from lower amortization" - KBW

** Six of eight analysts rate stock "strong buy" or "buy" and two "hold"; their median PT is $136 - data compiled by LSEG

** Including session's move, PFSI down 34.6% YTD

 (Reporting by Pragyan Kalita in Bengaluru)

 ((Pragyan.Kalita@thomsonreuters.com;))