PennyMac Financial Services Inc (PFSI) Insider Stanford L. Kurland Sells 14,650 Shares of Stock

PennyMac Financial Services Inc (NYSE:PFSI) insider Stanford L. Kurland sold 14,650 shares of PennyMac Financial Services stock in a transaction dated Friday, April 20th. The shares were sold at an average price of $21.12, for a total value of $309,408.00. Following the completion of the transaction, the insider now owns 39,087 shares of the company’s stock, valued at approximately $825,517.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

NYSE:PFSI opened at $21.05 on Friday. PennyMac Financial Services Inc has a 12 month low of $15.65 and a 12 month high of $25.20. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.70. The company has a market cap of $502.34, a price-to-earnings ratio of 9.57, a PEG ratio of 1.34 and a beta of 0.57.

How to Become a New Pot Stock Millionaire

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

A number of large investors have recently bought and sold shares of PFSI. MetLife Investment Advisors LLC purchased a new stake in PennyMac Financial Services during the 4th quarter worth approximately $163,000. Citadel Advisors LLC purchased a new stake in PennyMac Financial Services during the 4th quarter worth approximately $231,000. Millennium Management LLC purchased a new stake in PennyMac Financial Services during the 4th quarter worth approximately $566,000. Bessemer Group Inc. purchased a new stake in PennyMac Financial Services during the 4th quarter worth approximately $590,000. Finally, Sterling Capital Management LLC purchased a new stake in PennyMac Financial Services during the 4th quarter worth approximately $615,000. Institutional investors own 93.29% of the company’s stock.

Several equities analysts recently weighed in on PFSI shares. Barclays set a $27.00 price target on PennyMac Financial Services and gave the company a “buy” rating in a research note on Sunday, February 11th. Zacks Investment Research upgraded PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, December 26th. Wells Fargo started coverage on PennyMac Financial Services in a research note on Wednesday, April 4th. They issued an “outperform” rating and a $28.00 price target for the company. Wedbush started coverage on PennyMac Financial Services in a research note on Friday, February 16th. They issued an “outperform” rating and a $30.00 price target for the company. Finally, Keefe, Bruyette & Woods lowered PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. PennyMac Financial Services presently has an average rating of “Buy” and an average target price of $27.75.

WARNING: This article was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another website, it was copied illegally and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/04/21/pennymac-financial-services-inc-pfsi-insider-stanford-l-kurland-sells-14650-shares-of-stock.html.

About PennyMac Financial Services

PennyMac Financial Services, Inc, through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. It operates through three segments: Loan Production, Loan Servicing, and Investment Management. The Loan Production segment is involved in the origination, acquisition, and sale of mortgage loans.

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

Receive News & Ratings for PennyMac Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PennyMac Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply