PennyMac Financial Services Inc (NYSE:PFSI) insider Stanford L. Kurland sold 11,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $22.94, for a total transaction of $252,340.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
PFSI stock opened at $23.42 on Friday. PennyMac Financial Services Inc has a 52 week low of $18.77 and a 52 week high of $24.50. The company has a market cap of $1.85 billion, a P/E ratio of 9.04, a price-to-earnings-growth ratio of 0.78 and a beta of 0.47. The stock’s 50-day moving average is $22.09. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.19 and a quick ratio of 0.19.
PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.04). PennyMac Financial Services had a return on equity of 6.57% and a net margin of 11.79%. The company had revenue of $247.71 million for the quarter, compared to the consensus estimate of $246.88 million. As a group, sell-side analysts anticipate that PennyMac Financial Services Inc will post 2.99 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in PFSI. New York State Teachers Retirement System bought a new stake in shares of PennyMac Financial Services during the 1st quarter worth about $38,000. Bessemer Group Inc. bought a new stake in shares of PennyMac Financial Services during the 4th quarter worth about $117,000. Citigroup Inc. raised its position in shares of PennyMac Financial Services by 10.6% during the 4th quarter. Citigroup Inc. now owns 5,982 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 573 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in shares of PennyMac Financial Services by 223.0% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,344 shares of the real estate investment trust’s stock worth $135,000 after purchasing an additional 4,380 shares in the last quarter. Finally, Denali Advisors LLC bought a new stake in shares of PennyMac Financial Services in the 2nd quarter worth approximately $195,000. Institutional investors own 30.72% of the company’s stock.
A number of analysts have commented on the stock. Wedbush restated an “outperform” rating on shares of PennyMac Financial Services in a research report on Thursday, April 4th. Zacks Investment Research downgraded shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $24.67.
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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