PennyMac Financial Services Inc (NYSE:PFSI) Director Matthew Botein sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $22.71, for a total value of $227,100.00. Following the completion of the sale, the director now owns 34,741 shares of the company’s stock, valued at approximately $788,968.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Thursday, January 4th, Matthew Botein sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $23.79, for a total value of $237,900.00.
  • 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 value 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 value 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 value of $220,500.00.

PennyMac Financial Services Inc (NYSE PFSI) traded up $0.65 during trading on Friday, hitting $23.40. The stock had a trading volume of 120,026 shares, compared to its average volume of 196,111. PennyMac Financial Services Inc has a twelve month low of $15.65 and a twelve month high of $24.00. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a market capitalization of $544.96, a PE ratio of 12.19, a PEG ratio of 1.62 and a beta of 0.68.

PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.71 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.71. PennyMac Financial Services had a return on equity of 4.11% and a net margin of 6.47%. The business had revenue of $250.64 million during the quarter, compared to analysts’ expectations of $238.59 million. The business’s revenue for the quarter was down 14.0% compared to the same quarter last year. sell-side analysts expect that PennyMac Financial Services Inc will post 2.29 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of PennyMac Financial Services by 5.8% during the second quarter. Vanguard Group Inc. now owns 1,634,763 shares of the real estate investment trust’s stock worth $27,301,000 after purchasing an additional 90,238 shares during the last quarter. Numeric Investors LLC raised its stake in shares of PennyMac Financial Services by 72.1% during the second quarter. Numeric Investors LLC now owns 776,152 shares of the real estate investment trust’s stock worth $12,962,000 after purchasing an additional 325,169 shares during the last quarter. Mangrove Partners purchased a new stake in shares of PennyMac Financial Services during the third quarter worth approximately $12,760,000. Dimensional Fund Advisors LP raised its stake in shares of PennyMac Financial Services by 17.7% during the third quarter. Dimensional Fund Advisors LP now owns 625,742 shares of the real estate investment trust’s stock worth $11,138,000 after purchasing an additional 93,918 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of PennyMac Financial Services by 2.8% during the second quarter. JPMorgan Chase & Co. now owns 397,176 shares of the real estate investment trust’s stock worth $6,633,000 after purchasing an additional 10,969 shares during the last quarter. Institutional investors and hedge funds own 90.83% of the company’s stock.

PFSI has been the subject of a number of research reports. Barclays set a $25.00 price objective on PennyMac Financial Services and gave the company a “buy” rating in a research note on Tuesday, December 12th. ValuEngine upgraded PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Zacks Investment Research upgraded PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Tuesday, December 26th. Piper Jaffray Companies reiterated a “buy” rating on shares of PennyMac Financial Services in a research note on Tuesday, September 19th. Finally, BidaskClub upgraded PennyMac Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $23.75.

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About PennyMac Financial Services

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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