Short interest for PennyMac Mortgage IT gives investors a sense of the degree to which investors are betting on the decline of PennyMac Mortgage IT's stock. Short interest data is updated every two weeks.

PennyMac Mortgage IT Stock (NYSE:PMT), Short Interest Report

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.

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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

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.

Reiteration

Analyst Ratings

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>
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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

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.

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 $0.39 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.

Earnings

Earnings Beats

Earnings Misses

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

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

JMP Securities Reiterates Market Outperform on PennyMac Mortgage IT, Maintains $15 Price Target

<h3>What Defines a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Benzinga Insights has compiled a list of value stocks in the real estate sector that may be worth watching:</h2>
<ol>
<li>Seven Hills Realty Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEVN#NASDAQ">SEVN</a>) - P/E: 7.08</li>
<li>Comstock Holding Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCI#NASDAQ">CHCI</a>) - P/E: 6.63</li>
<li>PennyMac Mortgage IT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) - P/E: 8.76</li>
<li>Presidio Property Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SQFT#NASDAQ">SQFT</a>) - P/E: 0.72</li>
<li>Urban Edge Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UE#NYSE">UE</a>) - P/E: 8.11</li>
</ol>
Most recently, Seven Hills Realty Trust reported earnings per share at $0.43, whereas in Q3 earnings per share sat at $0.36. The company's most recent dividend yield sits at 10.27%, which has decreased by 2.85% from 13.12% last quarter. 
Comstock Holding Co's earnings per share for Q3 sits at $0.46, whereas in Q2, they were at 0.05. Most recently, PennyMac Mortgage IT reported earnings per share at $0.44, whereas in Q3 earnings per share sat at $0.51. The company's most recent dividend yield sits at 10.92%, which has decreased by 1.04% from 11.96% last quarter. 
Presidio Property Trust has reported Q3 earnings per share at $-0.01, which has increased by 38.89% compared to Q2, which was -0.02. Its most recent dividend yield is at 10.22%, which has decreased by 1.89% from 12.11% in the previous quarter.
Urban Edge Props's earnings per share for Q4 sits at $0.31, whereas in Q3, they were at 0.32. The company's most recent dividend yield sits at 3.88%, which has decreased by 0.06% from 3.94% last quarter. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

CHCI

SEVN

SQFT

5 Value Stocks To Watch In The Real Estate Sector

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 will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<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>SOFI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$14.00</td>
<td>$77.0K</td>
<td>6</td>
<td>8.2K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/01/24</td>
<td>$205.00</td>
<td>$31.0K</td>
<td>3.0K</td>
<td>8.1K</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$37.00</td>
<td>$72.0K</td>
<td>37.0K</td>
<td>1.5K</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$60.00</td>
<td>$957.0K</td>
<td>2.2K</td>
<td>1.5K</td>
</tr>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$95.00</td>
<td>$196.0K</td>
<td>751</td>
<td>1.0K</td>
</tr>
<tr>
<td>GS</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$155.00</td>
<td>$100.7K</td>
<td>756</td>
<td>475</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$75.00</td>
<td>$34.2K</td>
<td>2.4K</td>
<td>359</td>
</tr>
<tr>
<td>PMT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$12.50</td>
<td>$37.3K</td>
<td>539</td>
<td>239</td>
</tr>
<tr>
<td>CFG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$32.50</td>
<td>$25.5K</td>
<td>311</td>
<td>126</td>
</tr>
<tr>
<td>BX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$100.00</td>
<td>$30.8K</td>
<td>514</td>
<td>101</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we observe a call option sweep with bearish sentiment. It expires in 262 day(s) on November 15, 2024. Parties traded 1000 contract(s) at a $14.00 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $77.0K, with a price of $77.0 per contract. There were 6 open contracts at this strike prior to today, and today 8236 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 trade that happens to be bullish, expiring in 3 day(s) on March 1, 2024. This event was a transfer of 55 contract(s) at a $205.00 strike. The total cost received by the writing party (or parties) was $31.0K, with a price of $565.0 per contract. There were 3017 open contracts at this strike prior to today, and today 8102 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 call option trade with bearish sentiment. It expires in 325 day(s) on January 17, 2025. Parties traded 320 contract(s) at a $37.00 strike. The total cost received by the writing party (or parties) was $72.0K, with a price of $225.0 per contract. There were 37012 open contracts at this strike prior to today, and today 1519 contract(s) were bought and sold. 
• Regarding WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we observe a call option trade with bullish sentiment. It expires in 689 day(s) on January 16, 2026. Parties traded 1500 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $957.0K, with a price of $638.0 per contract. There were 2292 open contracts at this strike prior to today, and today 1509 contract(s) were bought and sold. 
• Regarding KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), we observe a call option sweep with bearish sentiment. It expires in 206 day(s) on September 20, 2024. Parties traded 200 contract(s) at a $95.00 strike. This particular call needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $196.0K, with a price of $980.0 per contract. There were 751 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold. 
• Regarding GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we observe a put option trade with neutral sentiment. It expires in 689 day(s) on January 16, 2026. Parties traded 475 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $100.7K, with a price of $212.0 per contract. There were 756 open contracts at this strike prior to today, and today 475 contract(s) were bought and sold. 
• For AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we notice a call option sweep that happens to be bearish, expiring in 325 day(s) on January 17, 2025. This event was a transfer of 73 contract(s) at a $75.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $34.2K, with a price of $469.0 per contract. There were 2499 open contracts at this strike prior to today, and today 359 contract(s) were bought and sold. 
• Regarding PMT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>), we observe a call option sweep with bearish sentiment. It expires in 115 day(s) on June 21, 2024. Parties traded 226 contract(s) at a $12.50 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $37.3K, with a price of $165.0 per contract. There were 539 open contracts at this strike prior to today, and today 239 contract(s) were bought and sold. 
• For CFG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>), we notice a call option trade that happens to be bullish, expiring in 325 day(s) on January 17, 2025. This event was a transfer of 75 contract(s) at a $32.50 strike. The total cost received by the writing party (or parties) was $25.5K, with a price of $340.0 per contract. There were 311 open contracts at this strike prior to today, and today 126 contract(s) were bought and sold. 
• Regarding BX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), we observe a put option sweep with bullish sentiment. It expires in 234 day(s) on October 18, 2024. Parties traded 101 contract(s) at a $100.00 strike. This particular put needed to be split into 29 different trades to become filled. The total cost received by the writing party (or parties) was $30.8K, with a price of $305.0 per contract. There were 514 open contracts at this strike prior to today, and today 101 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.

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10 Financials Stocks With Whale Alerts In Today's Session

<h3>The Meaning Behind Value Stocks</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>The following stocks are considered to be notable value stocks in the real estate sector:</h2>
<ol>
<li>PennyMac Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) - P/E: 8.56</li>
<li>Presidio Property Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SQFT#NASDAQ">SQFT</a>) - P/E: 0.72</li>
<li>Ready Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RC#NYSE">RC</a>) - P/E: 3.89</li>
<li>Transcontinental Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TCI#NYSE">TCI</a>) - P/E: 5.11</li>
<li>American Realty Investors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARL#NYSE">ARL</a>) - P/E: 7.27</li>
</ol>
This quarter, PennyMac Mortgage experienced a decrease in earnings per share, which was $0.51 in Q3 and is now $0.44. Most recently, the company reported a dividend yield of 10.92%, which has decreased by 1.04% from last quarter's yield of 11.96%.
This quarter, Presidio Property Trust experienced an increase in earnings per share, which was $-0.02 in Q2 and is now $-0.01. Most recently, the company reported a dividend yield of 10.22%, which has decreased by 1.89% from last quarter's yield of 12.11%.
Most recently, Ready Capital reported earnings per share at $0.28, whereas in Q2 earnings per share sat at $0.35. The company's most recent dividend yield sits at 10.7%, which has decreased by 2.34% from 13.04% last quarter. 
Transcontinental Realty has reported Q3 earnings per share at $0.52, which has increased by 766.67% compared to Q2, which was 0.06. American Realty Investors saw an increase in earnings per share from 0.11 in Q2 to $0.18 now. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

Overview Of Value Stocks In The Real Estate Sector

PennyMac Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) reported its Q4 earnings results on Thursday, February 1, 2024 at 04:15 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
PennyMac Mortgage beat estimated earnings by 37.5%, reporting an EPS of $0.44 versus an estimate of $0.32.
Revenue was up $35.41 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.21 which was followed by a 14.55% increase in the share price the next day.
Here's a look at PennyMac Mortgage's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.30</td>
<td>0.35</td>
<td>0.33</td>
<td>0.38</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.51</td>
<td>0.16</td>
<td>0.50</td>
<td>-0.07</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>85.37M</td>
<td>108.18M</td>
<td>96.35M</td>
<td>103.78M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>163.43M</td>
<td>90.45M</td>
<td>90.37M</td>
<td>49.37M</td>
</tr>
</tbody>
</table>

To track all earnings releases for PennyMac Mortgage <a href="https://www.benzinga.com/quote/PMT/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: PennyMac Mortgage Q4 Earnings

PennyMac Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) reported quarterly earnings of $0.44 per share which beat the analyst consensus estimate of $0.32 by 37.5 percent. This is a 728.57 percent increase over losses of $(0.07) per share from the same period last year. The company reported quarterly sales of $84.77 million which missed the analyst consensus estimate of $97.10 million by 12.69 percent. This is a 71.72 percent increase over sales of $49.37 million the same period last year.

PennyMac Mortgage Q4 EPS $0.44 Beats $0.32 Estimate, Sales $84.77M Miss $97.10M Estimate

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Earnings Scheduled For February 1, 2024

PennyMac Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-01. Here's what investors need to know before the announcement.
Analysts estimate that PennyMac Mortgage will report an earnings per share (EPS) of $0.32. 
PennyMac Mortgage bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.21, which was followed by a 14.55% increase 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>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.30</td>
<td>0.35</td>
<td>0.33</td>
<td>0.38</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.51</td>
<td>0.16</td>
<td>0.50</td>
<td>-0.07</td>
</tr>
<tr>
<td>Price Change %</td>
<td>14.55%</td>
<td>-8.88%</td>
<td>5.7%</td>
<td>-3.55%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706731312_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of PennyMac Mortgage were trading at $14.72 as of January 30. Over the last 52-week period, shares are down 5.3%. Given that these returns are generally negative, long-term shareholders are likely bearish 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.

PennyMac Mortgage's Earnings Outlook

Deutsche Bank analyst Mark Devries initiates coverage on PennyMac Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) with a Hold rating and announces Price Target of $15.

Initiation

Deutsche Bank Initiates Coverage On PennyMac Mortgage with Hold Rating, Announces Price Target of $15

UBS analyst Douglas Harter initiates coverage on PennyMac Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) with a Neutral rating and announces Price Target of $13.5.

UBS Initiates Coverage On PennyMac Mortgage with Neutral Rating, Announces Price Target of $13.5

Wedbush analyst Jay McCanless maintains PennyMac Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) with a Neutral and raises the price target from $13 to $14.

Wedbush Maintains Neutral on PennyMac Mortgage, Raises Price Target to $14

WIIM

PennyMac Mortgage shares are trading higher following Q3 results.

<h3>Gainers</h3>
<ul>
<li>Apollomics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aplm#NASDAQ">APLM</a>) shares surged 88.4% to $1.07 stoma multiforme with PTPRZ-MET fusion.</li>
<li>BIO-key International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bkyi#NASDAQ">BKYI</a>) jumped 53.5% to $0.2620 after the company said ALPI Portugal Lda. has deployed AuthControl Sentry company-wide for enhanced data access security through BIO-key.</li>
<li>SeaStar Medical Holding Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/icu#NASDAQ">ICU</a>) shares climbed 42.5% to $1.1284. SeaStar Medical Holding said it is requesting to withdraw the registration statement because it has elected not to pursue the sale of securities pursuant to the registrant statement at this time due to prevailing market conditions.</li>
<li>NerdWallet, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nrds#NASDAQ">NRDS</a>) gained 27.7% to $8.48 following strong quarterly results.</li>
<li>ImmunityBio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibrx#NASDAQ">IBRX</a>) climbed 26% to $2.58 after surging around 30% on Thursday. The FDA accepted ImmunityBio&#39;s resubmission of its Biologics License Application for N-803 as complete.</li>
<li>Integrated Media Technology Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/imte#NASDAQ">IMTE</a>) jumped 19.5% to $2.2836.</li>
<li>Deckers Outdoor Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/deck#NYSE">DECK</a>) climbed 16.4% to $563.86 after the company reported better-than-expected second-quarter sales results. The company also raised FY24 EPS and net sales guidance above estimates.</li>
<li>REE Automotive Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ree#NASDAQ">REE</a>) gained 15.5% to $3.2599.</li>
<li>Brera Holdings PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brea#NASDAQ">BREA</a>) gained 14.4% to $0.71.</li>
<li>PennyMac Mortgage Investment Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pmt#NYSE">PMT</a>) jumped 14.1% to $12.23 following strong results.</li>
<li>Customers Bancorp, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cubi#NYSE">CUBI</a>) rose 14.1% to $38.50 following better-than-expected quarterly earnings.</li>
<li>ArcBest Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arcb#NASDAQ">ARCB</a>) climbed 13.5% to $99.87 following upbeat earnings.</li>
<li>MicroCloud Hologram Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/holo#NASDAQ">HOLO</a>) surged 12.5% to $0.5850.</li>
<li>AppFolio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/appf#NASDAQ">APPF</a>) gained 11.8% to $197.75 after reporting better-than-expected results.</li>
<li>Comfort Systems USA, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fix#NYSE">FIX</a>) jumped 11.3% to $170.97 following third-quarter results.</li>
<li>FLJ Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/flj#NASDAQ">FLJ</a>) shares rose 11.1% to $0.29 after dipping 23% on Thursday. FLJ Group recently entered into a definitive agreement to acquire Lianlian Holdings Inc.</li>
<li>Intel Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intc#NASDAQ">INTC</a>) surged 11% to $36.11 as the company reported better-than-expected results for its third quarter and issued strong guidance for the current quarter.</li>
<li>NKGen Biotech, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nkgn#NASDAQ">NKGN</a>) shares gained 10.6% to $4.18 after gaining 8% on Thursday. NKGen Biotech presented Phase I clinical trial data at the 16th Annual Clinical Trials on Alzheimer&#39;s Disease Conference.</li>
<li>The Oncology Institute, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/toi#NASDAQ">TOI</a>) climbed 10.6% to $1.8920.</li>
<li>Capital One Financial Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cof#NYSE">COF</a>) climbed 10.1% to $98.54 after the company reported better-than-expected third-quarter financial results.</li>
<li>Secoo Holding Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/seco#NASDAQ">SECO</a>) gained 9.3% to $0.9947.</li>
<li>DexCom, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dxcm#NASDAQ">DXCM</a>) rose 9% to $88.39 after the company reported strong third-quarter results and announced a $500 million buyback.</li>
<li>Stanley Black &amp; Decker, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/swk#NYSE">SWK</a>) climbed 8.5% to $83.85 after the company reported mixed third-quarter financial results and raised FY23 adjusted EPS guidance.</li>
<li>Amazon.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) shares gained 7.5% to $128.57 after the company reported stronger-than-expected results for its third quarter. The company said it sees fourth-quarter revenue between $160 billion and $167 billion.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Siyata Mobile Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/syta#NASDAQ">SYTA</a>) shares fell 48.1% to $0.67 as the company reported pricing of $1.6 million public offering of common shares.</li>
<li>reAlpha Tech Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aire#NASDAQ">AIRE</a>) dipped 42.8% to $28.50.</li>
<li>Medicenna Therapeutics Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdna#NASDAQ">MDNA</a>) fell 35.4% to $0.1619 as the company announced Nasdaq delisting and cutback of management team.</li>
<li>Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bhat#NASDAQ">BHAT</a>) declined 37% to $1.6326.</li>
<li>Vivos Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vvos#NASDAQ">VVOS</a>) declined 35.2% to $4.20. Vivos Therapeutics, on Thursday, announced a 1-for-25 reverse stock split.</li>
<li>Barnes Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/b#NYSE">B</a>) fell 27.7% to $21.62 as the company posted downbeat third-quarter earnings and lowered FY23 outlook.</li>
<li>Benson Hill, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bhil#NASDAQ">BHIL</a>) dipped 25% to $0.1808.</li>
<li>Biotricity, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btcy#NASDAQ">BTCY</a>) declined 24% to $1.45.</li>
<li>La Rosa Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lrhc#NASDAQ">LRHC</a>) fell 22.3% to $1.25.</li>
<li>Tempo Automation Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmpo#NASDAQ">TMPO</a>) dropped 21.9% to $0.1019.</li>
<li>TransCode Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnaz#NASDAQ">RNAZ</a>) fell 21.3% to $0.3271 after the company announced a public offering of common stock.</li>
<li>Betterware de M&eacute;xico, S.A.P.I. de C.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bwmx#NASDAQ">BWMX</a>) declined 21% to $13.47 following third-quarter results.</li>
<li>Rail Vision Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rvsn#NASDAQ">RVSN</a>) fell 19.4% to $0.29.</li>
<li>ADDvantage Technologies Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aey#NASDAQ">AEY</a>) shares fell 18.4% to $0.2580 after dipping 16% on Thursday.</li>
<li>Chart Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gtls#NYSE">GTLS</a>) fell 18.3% to $119.75 following weak earnings.</li>
<li>Exponent, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/expo#NASDAQ">EXPO</a>) fell 17.8% to $69.80 following weak quarterly earnings.</li>
<li>Sanofi (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sny#NASDAQ">SNY</a>) shares fell 17.4% to $44.01 after the company reported mixed third-quarter financial results and announced it intends to separate its Consumer Healthcare Business.</li>
<li>Kinsale Capital Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/knsl#NYSE">KNSL</a>) declined 17.2% to $353.02 following weak sales results.</li>
<li>ACM Research, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acmr#NASDAQ">ACMR</a>) fell 17.2% to $14.55. ACM Research said it sees preliminary third-quarter revenue of $165 million to $168 million.</li>
<li>GSE Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gvp#NASDAQ">GVP</a>) shares fell 16.4% to $0.1375 after announcing a reverse stock split.</li>
<li>Enphase Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/enph#NASDAQ">ENPH</a>) shares fell 15.3% to $81.46 after the company reported lower third-quarter revenue and issued weak guidance for the fourth quarter.</li>
<li>Nuvve Holding Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvve#NASDAQ">NVVE</a>) fell 14.9% to $0.20. Nuvve Holding announced closing of $2.066 million registered direct offering priced at-the-market.</li>
<li>Genelux Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gnlx#NASDAQ">GNLX</a>) declined 11.7% to $14.95.</li>
<li>NatWest Group plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nwg#NYSE">NWG</a>) shares fell 11.5% to $4.49 after the company reported third-quarter earnings and lowered its full-year net interest margin forecast.</li>
<li>Ford Motor Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) fell 9.6% to $10.26 as the company posted weaker-than-expected earnings for its third quarter.</li>
<li>Community Health Systems, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cyh#NYSE">CYH</a>) declined 9.4% to $2.1550.</li>
<li>The Boston Beer Company, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sam#NYSE">SAM</a>) fell 7.3% to $338.17 following quarterly results.</li>
<li>Saia, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/saia#NASDAQ">SAIA</a>) fell 6.1% to $354.00 after reporting third-quarter results.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/10/35462932/top-4-tech-and-telecom-stocks-that-may-explode-this-month"> Top 4 Tech And Telecom Stocks That May Explode This Month</a>

Why Barnes Group Shares Are Trading Lower By Around 28%? Here Are Other Stocks Moving In Friday's Mid-Day Session

U.S. stocks traded mixed, with the Nasdaq Composite gaining more than 100 points on Friday. Here are some big stocks recording gains in today&rsquo;s session.
<ul>
<li>NerdWallet, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nrds#NASDAQ">NRDS</a>) shares rose 27.7% to $8.48 following strong quarterly results.</li>
<li>ImmunityBio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibrx#NASDAQ">IBRX</a>) jumped 26% to $2.58 after surging around 30% on Thursday. The FDA accepted ImmunityBio&#39;s resubmission of its Biologics License Application for N-803 as complete.</li>
<li>Deckers Outdoor Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/deck#NYSE">DECK</a>) gained 16.4% to $563.86 after the company reported better-than-expected second-quarter sales results. The company also raised FY24 EPS and net sales guidance above estimates.</li>
<li>PennyMac Mortgage Investment Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pmt#NYSE">PMT</a>) gained 14.1% to $12.23 following strong results.</li>
<li>Customers Bancorp, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cubi#NYSE">CUBI</a>) climbed 14.1% to $38.50 following better-than-expected quarterly earnings.</li>
<li>ArcBest Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arcb#NASDAQ">ARCB</a>) gained 13.5% to $99.87 following upbeat earnings.</li>
<li>AppFolio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/appf#NASDAQ">APPF</a>) rose 11.8% to $197.75 after reporting better-than-expected results.</li>
<li>Comfort Systems USA, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fix#NYSE">FIX</a>) gained 11.3% to $170.97 following third-quarter results.</li>
<li>Intel Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intc#NASDAQ">INTC</a>) jumped 11% to $36.11 as the company reported better-than-expected results for its third quarter and issued strong guidance for the current quarter.</li>
<li>Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>) gained 10.3% to $10.90 following upbeat earnings.</li>
<li>Capital One Financial Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cof#NYSE">COF</a>) surged 10.1% to $98.54 after the company reported better-than-expected third-quarter financial results.</li>
<li>Adtalem Global Education Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atge#NASDAQ">ATGE</a>) gained 10.1% to $47.50 following strong quarterly results.</li>
<li>SkyWest, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/skyw#NASDAQ">SKYW</a>) surged 9.7% to $41.61 following strong quarterly sales.</li>
<li>DexCom, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dxcm#NASDAQ">DXCM</a>) climbed 9% to $88.39 after the company reported strong third-quarter results and announced a $500 million buyback.</li>
<li>HUTCHMED (China) Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hcm#NYSE">HCM</a>) surged 8.5% to $18.45.</li>
<li>Stanley Black &amp; Decker, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/swk#NYSE">SWK</a>) gained 8.5% to $83.85 after the company reported mixed third-quarter financial results and raised FY23 adjusted EPS guidance.</li>
<li>MiMedx Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdxg#NASDAQ">MDXG</a>) jumped 8.4% to $6.64.</li>
<li>Oil States International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ois#NYSE">OIS</a>) gained 8% to $7.92 after reporting upbeat results.</li>
<li>Amazon.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) shares rose 7.5% to $128.57 after the company reported stronger-than-expected results for its third quarter. The company said it sees fourth-quarter revenue between $160 billion and $167 billion.</li>
<li>The Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tbbk#NASDAQ">TBBK</a>) climbed 7.4% to $35.47 following third-quarter results.</li>
<li>Merchants Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mbin#NASDAQ">MBIN</a>) gained 7.4% to $28.59.</li>
<li>BJ&#39;s Restaurants, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bjri#NASDAQ">BJRI</a>) climbed 6.7% to $25.15 following quarterly results.</li>
<li>Chipotle Mexican Grill, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cmg#NYSE">CMG</a>) rose 6.3% to $1,921.77 after the company reported better-than-expected quarterly results.</li>
<li>Texas Roadhouse, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/txrh#NASDAQ">TXRH</a>) gained 5.5% to $99.92 following strong sales.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/23/10/35436564/meta-to-rally-over-42-here-are-10-top-analyst-forecasts-for-thursday"> Meta To Rally Over 42%? Here Are 10 Top Analyst Forecasts For Thursday</a>

PennyMac Mortgage Investment Trust GAAP EPS of $0.39 beats by $0.08

PennyMac Mortgage Q1 earnings beat, helped again by credit sensitive strategies

PennyMac Mortgage Investment Trust (PMT) Q1 2024 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
PennyMac Mortgage (NYSE:<a href="https://investorplace.com/stock-quotes/pmt-stock-quote/">PMT</a>) just reported results for the first quarter of 2024.<ul><li>PennyMac Mortgage reported earnings per share of 39 cents. This was above the analyst estimate for EPS of 32 cents.</li><li>The company reported revenue of $74.21 million.</li><li>This was 13.08% worse than the analyst estimate for revenue of $85.37 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/pmt-stock-earnings-pennymac-mortgage-for-q1-of-2024/">PMT Stock Earnings: PennyMac Mortgage Beats EPS, Misses Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

PMT Stock Earnings: PennyMac Mortgage Beats EPS, Misses Revenue for Q1 2024

In a report released yesterday, Bose George from KBW maintained a Hold rating on PennyMac Mortgage (PMT – Research Report), with a price target of ...

KBW Keeps Their Hold Rating on PennyMac Mortgage (PMT)

Wells Fargo analyst Michael Kaye has maintained their neutral stance on PMT stock, giving a Hold rating on April 24. Michael Kaye has given his Hol...

PennyMac Mortgage: A Balanced Outlook with Hold Recommendation Amid Financial Stability and Interest Rate Challenges

Stagflation Is Back

Companies in the Real Estate sector have received a lot of coverage today as analysts weigh in on Prologis (PLD – Research Report), Welltower (WELL...

Analysts Offer Insights on Real Estate Companies: Prologis (PLD), Welltower (WELL) and PennyMac Mortgage (PMT)

Piper Sandler analyst Crispin Love reiterated a Hold rating on PennyMac Mortgage (PMT – Research Report) today and set a price target of $15.00. Th...

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PennyMac Mortgage IT Stock (NYSE:PMT), Short Interest Report

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