Anne Mccallion Sells 10,000 Shares of PennyMac Financial Services Inc (PFSI) Stock

PennyMac Financial Services Inc (NYSE:PFSI) insider Anne Mccallion sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $24.48, for a total value of $244,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Anne Mccallion also recently made the following trade(s):

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  • On Thursday, March 29th, Anne Mccallion sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.60, for a total value of $226,000.00.
  • On Thursday, February 22nd, Anne Mccallion sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $24.54, for a total value of $245,400.00.
  • On Saturday, April 21st, Anne Mccallion sold 1,524 shares of PennyMac Financial Services stock. The shares were sold at an average price of $16.60, for a total value of $25,298.40.
  • On Thursday, January 18th, Anne Mccallion sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $23.14, for a total value of $231,400.00.
  • On Thursday, January 4th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $23.82, for a total value of $119,100.00.
  • On Thursday, December 21st, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.04, for a total value of $110,200.00.

Shares of PFSI stock traded up $0.15 during trading hours on Friday, reaching $23.15. 186,041 shares of the company’s stock were exchanged, compared to its average volume of 163,446. The company has a market cap of $544.70, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 1.45 and a beta of 0.57. PennyMac Financial Services Inc has a 1 year low of $15.65 and a 1 year high of $25.20. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.70.

PennyMac Financial Services (NYSE:PFSI) last issued its earnings results on Thursday, February 8th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.02). The business had revenue of $298.63 million for the quarter, compared to analysts’ expectations of $238.86 million. PennyMac Financial Services had a return on equity of 3.50% and a net margin of 10.55%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the company posted $1.00 earnings per share. equities analysts forecast that PennyMac Financial Services Inc will post 3.2 earnings per share for the current fiscal year.

PFSI has been the subject of several analyst reports. Zacks Investment Research raised PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Tuesday, December 26th. Barclays set a $25.00 price objective on PennyMac Financial Services and gave the company a “buy” rating in a research note on Tuesday, December 12th. Wedbush initiated coverage on PennyMac Financial Services in a research note on Friday, February 16th. They set an “outperform” rating and a $30.00 price objective for the company. Keefe, Bruyette & Woods downgraded PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. Finally, Wells Fargo initiated coverage on PennyMac Financial Services in a research note on Wednesday. They set an “outperform” rating and a $28.00 price objective for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $27.75.

Several hedge funds have recently modified their holdings of the company. Basswood Capital Management L.L.C. raised its stake in shares of PennyMac Financial Services by 11.8% during the 4th quarter. Basswood Capital Management L.L.C. now owns 1,784,748 shares of the real estate investment trust’s stock worth $39,889,000 after buying an additional 188,309 shares in the last quarter. Mangrove Partners acquired a new stake in shares of PennyMac Financial Services in the 3rd quarter worth approximately $12,760,000. Dimensional Fund Advisors LP grew its holdings in shares of PennyMac Financial Services by 17.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 625,742 shares of the real estate investment trust’s stock worth $11,138,000 after acquiring an additional 93,918 shares during the period. State Street Corp grew its holdings in shares of PennyMac Financial Services by 4.7% in the 2nd quarter. State Street Corp now owns 232,505 shares of the real estate investment trust’s stock worth $3,881,000 after acquiring an additional 10,361 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of PennyMac Financial Services by 12.9% in the 2nd quarter. Northern Trust Corp now owns 188,164 shares of the real estate investment trust’s stock worth $3,143,000 after acquiring an additional 21,525 shares during the period. 93.29% of the stock is owned by institutional investors and hedge funds.

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About PennyMac Financial Services

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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