PennyMac Financial Services Inc (NYSE:PFSI) insider Vandad Fartaj sold 7,593 shares of the stock in a transaction on Tuesday, April 24th. The stock was sold at an average price of $20.63, for a total value of $156,643.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Vandad Fartaj also recently made the following trade(s):
- On Tuesday, March 27th, Vandad Fartaj sold 615 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.90, for a total value of $14,083.50.
- On Tuesday, March 20th, Vandad Fartaj sold 616 shares of PennyMac Financial Services stock. The stock was sold at an average price of $24.00, for a total value of $14,784.00.
PennyMac Financial Services stock opened at $20.95 on Wednesday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.17 and a current ratio of 0.17. PennyMac Financial Services Inc has a one year low of $15.65 and a one year high of $25.20. The firm has a market cap of $495.29, a P/E ratio of 9.52, a price-to-earnings-growth ratio of 1.32 and a beta of 0.57.
PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.65 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.02). PennyMac Financial Services had a net margin of 10.55% and a return on equity of 3.50%. The business had revenue of $298.63 million for the quarter, compared to analysts’ expectations of $238.86 million. During the same period last year, the business earned $1.00 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. equities analysts anticipate that PennyMac Financial Services Inc will post 3.2 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in PFSI. Schwab Charles Investment Management Inc. boosted its position in PennyMac Financial Services by 18.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 35,175 shares of the real estate investment trust’s stock worth $787,000 after purchasing an additional 5,375 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in PennyMac Financial Services in the fourth quarter worth about $163,000. Aperio Group LLC boosted its position in PennyMac Financial Services by 45.9% in the fourth quarter. Aperio Group LLC now owns 31,602 shares of the real estate investment trust’s stock worth $706,000 after purchasing an additional 9,940 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of PennyMac Financial Services in the fourth quarter worth about $231,000. Finally, Geode Capital Management LLC raised its stake in shares of PennyMac Financial Services by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 169,891 shares of the real estate investment trust’s stock worth $3,796,000 after buying an additional 19,074 shares during the period. 93.29% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently commented on PFSI shares. Zacks Investment Research raised PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Tuesday, December 26th. Keefe, Bruyette & Woods cut PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. Barclays set a $27.00 target price on PennyMac Financial Services and gave the stock a “buy” rating in a research note on Sunday, February 11th. Wedbush started coverage on PennyMac Financial Services in a research note on Friday, February 16th. They issued an “outperform” rating and a $30.00 target price on the stock. Finally, 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 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $27.75.
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PennyMac Financial Services Company Profile
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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