PennyMac Financial Services Inc (NYSE:PFSI) Director Sells $220,500.00 in Stock

PennyMac Financial Services Inc (NYSE:PFSI) Director Matthew Botein sold 10,000 shares of PennyMac Financial Services stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $22.05, for a total value of $220,500.00. Following the sale, the director now directly owns 34,741 shares in the company, valued at $766,039.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Matthew Botein also recently made the following trade(s):

  • On Thursday, January 11th, Matthew Botein sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.71, for a total value of $227,100.00.
  • On Thursday, January 4th, Matthew Botein sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $23.79, for a total value of $237,900.00.
  • On Friday, December 28th, Matthew Botein sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.17, for a total value of $221,700.00.
  • On Thursday, December 28th, Matthew Botein sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.17, for a total value of $221,700.00.

PennyMac Financial Services Inc (NYSE PFSI) opened at $23.40 on Friday. The stock has a market capitalization of $544.94, a P/E ratio of 8.93, a P/E/G ratio of 1.59 and a beta of 0.68. PennyMac Financial Services Inc has a 12-month low of $15.65 and a 12-month high of $24.00. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.16 and a quick ratio of 0.16.

PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.71. The business had revenue of $250.64 million for the quarter, compared to analysts’ expectations of $238.59 million. PennyMac Financial Services had a return on equity of 4.11% and a net margin of 6.47%. PennyMac Financial Services’s revenue for the quarter was down 14.0% compared to the same quarter last year. equities analysts anticipate that PennyMac Financial Services Inc will post 2.29 earnings per share for the current fiscal year.

A number of brokerages have recently commented on PFSI. Keefe, Bruyette & Woods cut PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research report on Monday, January 8th. Zacks Investment Research raised PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Saturday, January 6th. Barclays set a $25.00 price target on PennyMac Financial Services and gave the stock a “buy” rating in a research report on Tuesday, December 12th. ValuEngine raised PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 15th. Finally, BidaskClub raised PennyMac Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $23.75.

A number of hedge funds have recently added to or reduced their stakes in the stock. Alps Advisors Inc. lifted its position in PennyMac Financial Services by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 27,680 shares of the real estate investment trust’s stock valued at $462,000 after acquiring an additional 72 shares in the last quarter. California State Teachers Retirement System raised its stake in PennyMac Financial Services by 2.9% during the 2nd quarter. California State Teachers Retirement System now owns 28,126 shares of the real estate investment trust’s stock valued at $470,000 after buying an additional 800 shares during the last quarter. Strs Ohio raised its stake in PennyMac Financial Services by 2.7% during the 2nd quarter. Strs Ohio now owns 38,700 shares of the real estate investment trust’s stock valued at $646,000 after buying an additional 1,000 shares during the last quarter. Victory Capital Management Inc. raised its stake in PennyMac Financial Services by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 6,964 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 1,042 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in PennyMac Financial Services by 0.6% during the 2nd quarter. Alliancebernstein L.P. now owns 176,645 shares of the real estate investment trust’s stock valued at $2,950,000 after buying an additional 1,100 shares during the last quarter. 90.83% of the stock is currently owned by institutional investors and hedge funds.

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PennyMac Financial Services Company Profile

PennyMac Financial Services, Inc (PFSI) is a financial services company. The Company is focused on the production and servicing of the United States residential mortgage loans and the management of investments related to the United States mortgage market. The Company operates through three segments: loan production, loan servicing and investment management.

Insider Buying and Selling by Quarter for PennyMac Financial Services (NYSE:PFSI)

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