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.
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.
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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.
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