Matthew Botein Sells 10,000 Shares of PennyMac Financial Services Inc (PFSI) Stock

PennyMac Financial Services Inc (NYSE:PFSI) Director Matthew Botein sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $20.20, for a total value of $202,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Tuesday, June 5th, Matthew Botein sold 728 shares of PennyMac Financial Services stock. The stock was sold at an average price of $20.00, for a total value of $14,560.00.

PennyMac Financial Services traded down $0.05, hitting $20.40, during trading on Thursday, according to Marketbeat.com. 118,683 shares of the stock were exchanged, compared to its average volume of 185,914. The company has a market capitalization of $486.66 million, a P/E ratio of 9.25, a PEG ratio of 0.98 and a beta of 0.57. PennyMac Financial Services Inc has a 1 year low of $16.00 and a 1 year 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 1.30.

PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings data on Thursday, May 3rd. The real estate investment trust reported $0.67 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.06). The firm had revenue of $238.20 million for the quarter, compared to analysts’ expectations of $234.60 million. PennyMac Financial Services had a return on equity of 3.67% and a net margin of 10.77%. equities analysts anticipate that PennyMac Financial Services Inc will post 2.75 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aperio Group LLC increased its holdings in PennyMac Financial Services by 12.8% during the 1st quarter. Aperio Group LLC now owns 35,649 shares of the real estate investment trust’s stock worth $807,000 after purchasing an additional 4,047 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of PennyMac Financial Services by 18.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 35,175 shares of the real estate investment trust’s stock valued at $787,000 after acquiring an additional 5,375 shares during the period. MetLife Investment Advisors LLC purchased a new position in shares of PennyMac Financial Services in the 4th quarter valued at $163,000. Assetmark Inc. increased its holdings in shares of PennyMac Financial Services by 2,681.9% in the 1st quarter. Assetmark Inc. now owns 8,012 shares of the real estate investment trust’s stock valued at $181,000 after acquiring an additional 7,724 shares during the period. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of PennyMac Financial Services in the 1st quarter valued at $223,000. Institutional investors own 91.78% of the company’s stock.

PFSI has been the topic of several recent analyst reports. ValuEngine upgraded PennyMac Financial Services from a “hold” rating to a “buy” rating in a report on Tuesday, May 8th. Keefe, Bruyette & Woods upgraded PennyMac Financial Services from a “market perform” rating to an “outperform” rating in a report on Monday, May 7th. Wells Fargo & Co started coverage on PennyMac Financial Services in a report on Wednesday, April 4th. They set an “outperform” rating and a $28.00 price objective on the stock. Zacks Investment Research downgraded PennyMac Financial Services from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 16th. Finally, Barclays set a $26.00 price objective on PennyMac Financial Services and gave the stock a “buy” rating in a report on Sunday, May 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $25.75.

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.

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

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