PennyMac Financial Services Inc (PFSI) Director Sells $237,900.00 in Stock

PennyMac Financial Services Inc (NYSE:PFSI) Director Matthew Botein sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $23.79, for a total transaction of $237,900.00. Following the sale, the director now owns 34,741 shares in the company, valued at $826,488.39. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Matthew Botein also recently made the following trade(s):

  • On Friday, December 28th, Matthew Botein sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.17, for a total transaction of $221,700.00.
  • On Thursday, December 28th, Matthew Botein sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.17, for a total transaction of $221,700.00.
  • On Thursday, December 21st, Matthew Botein sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.05, for a total transaction of $220,500.00.

Shares of PennyMac Financial Services Inc (NYSE PFSI) traded up $0.10 during mid-day trading on Friday, hitting $23.80. 124,546 shares of the stock traded hands, compared to its average volume of 216,361. The company has a market cap of $544.94, a P/E ratio of 9.08, a price-to-earnings-growth ratio of 1.59 and a beta of 0.68. PennyMac Financial Services Inc has a 12-month low of $15.65 and a 12-month high of $24.00. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 1.66.

PennyMac Financial Services (NYSE:PFSI) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.71. The company had revenue of $250.64 million for the quarter, compared to the consensus estimate of $238.59 million. PennyMac Financial Services had a net margin of 6.47% and a return on equity of 4.11%. The firm’s quarterly revenue was down 14.0% on a year-over-year basis. equities analysts expect that PennyMac Financial Services Inc will post 2.29 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in PFSI. Schwab Charles Investment Management Inc. increased its holdings in PennyMac Financial Services by 63.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 29,800 shares of the real estate investment trust’s stock valued at $498,000 after acquiring an additional 11,600 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of PennyMac Financial Services by 16.7% in the 2nd quarter. Rhumbline Advisers now owns 18,085 shares of the real estate investment trust’s stock worth $302,000 after buying an additional 2,585 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of PennyMac Financial Services by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 105,934 shares of the real estate investment trust’s stock worth $1,769,000 after buying an additional 2,352 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of PennyMac Financial Services by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 6,964 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 1,042 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of PennyMac Financial Services by 2.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 397,176 shares of the real estate investment trust’s stock worth $6,633,000 after buying an additional 10,969 shares during the last quarter. Institutional investors own 90.83% of the company’s stock.

Several analysts have recently commented on PFSI shares. Zacks Investment Research downgraded shares of PennyMac Financial Services from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 25th. ValuEngine upgraded shares of PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 15th. Barclays set a $25.00 price objective on shares of PennyMac Financial Services and gave the company a “buy” rating in a research report on Tuesday, December 12th. BidaskClub upgraded shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, Piper Jaffray Companies restated a “buy” rating on shares of PennyMac Financial Services in a research report on Tuesday, September 19th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. PennyMac Financial Services has a consensus rating of “Buy” and a consensus price target of $23.25.

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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.

Insider Buying and Selling by Quarter for PennyMac Financial Services (NYSE:PFSI)

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