PennyMac Financial Services Inc (NYSE:PFSI) insider David M. Walker sold 5,000 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $33.83, for a total transaction of $169,150.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.
David M. Walker also recently made the following trade(s):
- On Tuesday, January 7th, David M. Walker sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $33.52, for a total transaction of $167,600.00.
PFSI traded down $0.03 during trading on Friday, hitting $33.87. The company had a trading volume of 345,935 shares, compared to its average volume of 377,656. The company has a market cap of $2.66 billion, a PE ratio of 9.30, a P/E/G ratio of 0.74 and a beta of 0.41. The business has a 50-day moving average of $33.80 and a 200-day moving average of $30.41. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.18 and a quick ratio of 0.18. PennyMac Financial Services Inc has a 1-year low of $20.36 and a 1-year high of $34.74.
PennyMac Financial Services (NYSE:PFSI) last posted its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.26. The firm had revenue of $436.35 million for the quarter, compared to analysts’ expectations of $368.20 million. PennyMac Financial Services had a net margin of 22.54% and a return on equity of 15.84%. Research analysts forecast that PennyMac Financial Services Inc will post 4.51 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Hong Kong Ltd raised its holdings in PennyMac Financial Services by 179.2% in the second quarter. Point72 Hong Kong Ltd now owns 2,010 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 1,290 shares in the last quarter. Bank of Montreal Can raised its holdings in PennyMac Financial Services by 490.0% in the second quarter. Bank of Montreal Can now owns 2,602 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 2,161 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in PennyMac Financial Services by 17.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,472 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 526 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in PennyMac Financial Services by 18.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,100 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 628 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in PennyMac Financial Services during the third quarter valued at $133,000. 50.94% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently commented on PFSI. Piper Jaffray Companies boosted their target price on shares of PennyMac Financial Services from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods cut shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating and set a $36.00 price target on the stock. in a report on Sunday, December 8th. Barclays reaffirmed a “buy” rating and issued a $37.00 price target on shares of PennyMac Financial Services in a report on Friday, October 25th. ValuEngine cut shares of PennyMac Financial Services from a “sell” rating to a “strong sell” rating in a report on Thursday, December 26th. Finally, Zacks Investment Research cut shares of PennyMac Financial Services from a “strong-buy” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $34.50.
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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