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.
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.