PennyMac Financial Services, Inc. (NYSE:PFSI – Get Rating) insider Doug Jones sold 20,014 shares of the stock in a transaction dated Friday, April 8th. The shares were sold at an average price of $46.50, for a total value of $930,651.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Doug Jones also recently made the following trade(s):
- On Monday, March 21st, Doug Jones sold 20,014 shares of PennyMac Financial Services stock. The shares were sold at an average price of $54.80, for a total value of $1,096,767.20.
Shares of PennyMac Financial Services stock traded up $0.10 during trading on Monday, hitting $47.30. 1,203,147 shares of the stock traded hands, compared to its average volume of 686,569. The firm has a market cap of $2.62 billion, a P/E ratio of 3.22 and a beta of 1.22. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 2.79. PennyMac Financial Services, Inc. has a 52-week low of $45.90 and a 52-week high of $71.52. The stock’s fifty day simple moving average is $56.26 and its 200 day simple moving average is $62.54.
PennyMac Financial Services (NYSE:PFSI – Get Rating) last posted its earnings results on Thursday, February 3rd. The real estate investment trust reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.40 by $0.54. The company had revenue of $693.81 million for the quarter, compared to analyst estimates of $780.00 million. PennyMac Financial Services had a return on equity of 30.92% and a net margin of 31.68%. During the same quarter in the previous year, the firm earned $5.97 earnings per share. As a group, equity analysts expect that PennyMac Financial Services, Inc. will post 11.68 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, February 25th. Shareholders of record on Tuesday, February 15th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Monday, February 14th. PennyMac Financial Services’s payout ratio is currently 5.45%.
Large investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd purchased a new stake in shares of PennyMac Financial Services in the fourth quarter valued at approximately $58,000. Wolverine Asset Management LLC purchased a new stake in PennyMac Financial Services in the 3rd quarter valued at $72,000. Ensign Peak Advisors Inc purchased a new stake in PennyMac Financial Services in the 4th quarter valued at $120,000. Robeco Institutional Asset Management BV acquired a new position in shares of PennyMac Financial Services in the 4th quarter valued at $164,000. Finally, IFP Advisors Inc lifted its stake in shares of PennyMac Financial Services by 18.2% in the 4th quarter. IFP Advisors Inc now owns 2,840 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 438 shares during the last quarter. 61.22% of the stock is owned by institutional investors.
Several research firms have weighed in on PFSI. StockNews.com began coverage on PennyMac Financial Services in a report on Thursday, March 31st. They issued a “hold” rating for the company. Barclays lifted their target price on PennyMac Financial Services from $103.00 to $113.00 in a report on Monday, January 10th. Zacks Investment Research lowered PennyMac Financial Services from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 9th. Finally, Piper Sandler dropped their price target on PennyMac Financial Services from $117.00 to $98.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, PennyMac Financial Services presently has a consensus rating of “Buy” and a consensus target price of $86.43.
About PennyMac Financial Services (Get Rating)
Penny Mac Financial Services, Inc operates as a holding company. The firm engages in the production and servicing of US residential mortgage loans. It operates through the following segments: Production, Servicing, and Investment Management. The Production segment includes mortgage loan origination, acquisition, and sale activities.
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