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PennyMac Financial Services (NYSE:PFSI) Director Matthew Botein sold 11,100 shares of PennyMac Financial Services stock on the open market in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $16.41, for a total transaction of $182,151.00. Following the sale, the director now directly owns 60,259 shares in the company, valued at approximately $988,850. The sale was disclosed in a legal filing with the SEC, which is available at this link.

PennyMac Financial Services (NYSE:PFSI) traded down 0.24% during mid-day trading on Friday, hitting $16.41. 69,132 shares of the company’s stock traded hands. PennyMac Financial Services has a 52 week low of $15.75 and a 52 week high of $23.33. The stock’s 50-day moving average is $17. and its 200-day moving average is $17.34. The company has a market cap of $342.6 million and a P/E ratio of 20.06.

PennyMac Financial Services (NYSE:PFSI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.38 by $0.06. The company had revenue of $90.40 million for the quarter, compared to the consensus estimate of $97.19 million. Analysts expect that PennyMac Financial Services will post $1.87 EPS for the current fiscal year.

PFSI has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of PennyMac Financial Services from a “neutral” rating to an “underperform” rating in a research note on Thursday. They now have a $15.60 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of PennyMac Financial Services in a research note on Wednesday. They now have a $17.00 price target on the stock. Finally, analysts at Jefferies Group upgraded shares of PennyMac Financial Services from a “hold” rating to a “buy” rating in a research note on Tuesday, April 1st. They now have a $20.00 price target on the stock, up previously from $19.00. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $19.30.

PennyMac Financial Services, Inc is a specialty financial services firm with a mortgage platform and integrated business focused on the production and servicing of United States residential mortgage loans and the management of investments related to the United States residential mortgage market.

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