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Pennymac Finan-A has the Best Relative Performance in the Thrifts & Mortgage Finance Industry (PFSI , ESNT , WAFD , RDN , NYCB )

By Shiri Gupta

We looked at the Thrifts & Mortgage Finance industry and measured relative performance to find the top stocks. Relative outperformance is a bullish sign of underlying fundamental and technical strength. We look at yesterday's price action of all companies in this peer group.

Pennymac Finan-A (NYSE:PFSI ) ranks first with a gain of 1.38%; Essent Group Ltd (NYSE:ESNT ) ranks second with a gain of 1.06%; and Wash Fed (NASDAQ:WAFD ) ranks third with a gain of 0.87%.

Radian Group Inc (NYSE:RDN ) follows with a gain of 0.52% and Ny Comm Bancorp (NYSE:NYCB ) rounds out the top five with a gain of 0.31%.

SmarTrend recommended that its subscribers protect gains by selling shares of Ny Comm Bancorp on April 22nd, 2019 by issuing a Downtrend alert when the shares were trading at $11.34. Since that call, shares of Ny Comm Bancorp have fallen 15.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: relative performance pennymac finan-a essent group ltd wash fed radian group inc ny comm bancorp