PennyMac Financial Services Inc (NYSE:PFSI) insider David M. Walker sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $23.56, for a total value of $235,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
David M. Walker also recently made the following trade(s):
- On Tuesday, January 9th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.59, for a total value of $225,900.00.
PennyMac Financial Services Inc (NYSE:PFSI) traded down $0.40 during mid-day trading on Wednesday, hitting $24.00. The stock had a trading volume of 162,904 shares, compared to its average volume of 202,314. PennyMac Financial Services Inc has a 52 week low of $15.65 and a 52 week high of $25.20. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $574.11, a price-to-earnings ratio of 5.91, a PEG ratio of 1.55 and a beta of 0.56.
PennyMac Financial Services (NYSE:PFSI) last posted its earnings results on Thursday, February 8th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.02). PennyMac Financial Services had a net margin of 10.55% and a return on equity of 3.62%. The company had revenue of $298.63 million during the quarter, compared to the consensus estimate of $238.86 million. During the same quarter in the prior year, the business earned $1.00 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. research analysts expect that PennyMac Financial Services Inc will post 3.15 EPS for the current year.
A number of equities research analysts have commented on PFSI shares. ValuEngine raised PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Barclays set a $25.00 price objective on PennyMac Financial Services and gave the company a “buy” rating in a research note on Tuesday, December 12th. Zacks Investment Research raised PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Tuesday, December 26th. Keefe, Bruyette & Woods lowered PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a report on Monday, January 8th. Finally, Wedbush assumed coverage on PennyMac Financial Services in a report on Friday, February 16th. They issued an “outperform” rating and a $30.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. PennyMac Financial Services presently has an average rating of “Buy” and an average price target of $26.00.
Institutional investors have recently modified their holdings of the stock. Aperio Group LLC lifted its holdings in PennyMac Financial Services by 44.1% during the third quarter. Aperio Group LLC now owns 21,662 shares of the real estate investment trust’s stock worth $386,000 after acquiring an additional 6,627 shares during the period. Goldman Sachs Group Inc. lifted its holdings in PennyMac Financial Services by 275.7% during the second quarter. Goldman Sachs Group Inc. now owns 50,305 shares of the real estate investment trust’s stock worth $840,000 after acquiring an additional 36,915 shares during the period. Dimensional Fund Advisors LP lifted its holdings in PennyMac Financial Services by 31.4% during the second quarter. Dimensional Fund Advisors LP now owns 531,824 shares of the real estate investment trust’s stock worth $8,882,000 after acquiring an additional 127,022 shares during the period. Mangrove Partners bought a new stake in PennyMac Financial Services during the third quarter worth $12,760,000. Finally, Martingale Asset Management L P bought a new stake in PennyMac Financial Services during the fourth quarter worth $2,509,000. Institutional investors and hedge funds own 93.29% of the company’s stock.
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PennyMac Financial Services Company Profile
PennyMac Financial Services, Inc (PFSI) is a financial services company. The Company is focused on the production and servicing of the United States residential mortgage loans and the management of investments related to the United States mortgage market. The Company operates through three segments: loan production, loan servicing and investment management.
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