Matthew Botein Sells 10,000 Shares of PennyMac Financial Services Inc (PFSI) Stock

PennyMac Financial Services Inc (NYSE:PFSI) Director Matthew Botein sold 10,000 shares of PennyMac Financial Services stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $21.10, for a total transaction of $211,000.00. Following the completion of the sale, the director now owns 34,741 shares in the company, valued at approximately $733,035.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Thursday, February 1st, Matthew Botein sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.44, for a total transaction of $224,400.00.
  • On Thursday, January 25th, Matthew Botein sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.91, for a total transaction of $229,100.00.
  • On Thursday, January 11th, Matthew Botein sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.71, for a total transaction of $227,100.00.
  • 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 transaction of $237,900.00.
  • 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 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 $0.20 during mid-day trading on Monday, hitting $22.15. 183,065 shares of the stock were exchanged, compared to its average volume of 192,468. PennyMac Financial Services Inc has a 1 year low of $15.65 and a 1 year high of $24.00. The company has a market cap of $511.17, a PE ratio of 5.46, a PEG ratio of 1.40 and a beta of 0.64. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 1.66.

PennyMac Financial Services (NYSE:PFSI) last announced its earnings results on Thursday, February 8th. The real estate investment trust reported $0.65 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.02). PennyMac Financial Services had a net margin of 10.55% and a return on equity of 3.62%. The business had revenue of $298.63 million for the quarter, compared to the consensus estimate of $238.86 million. During the same quarter last year, the firm posted $1.00 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. equities research analysts expect that PennyMac Financial Services Inc will post 3.13 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in PFSI. Schwab Charles Investment Management Inc. boosted its holdings in shares of PennyMac Financial Services by 63.7% during 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 buying an additional 11,600 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of PennyMac Financial Services by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 105,934 shares of the real estate investment trust’s stock valued at $1,769,000 after buying an additional 2,352 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of PennyMac Financial Services by 14.5% during the 2nd quarter. Wells Fargo & Company MN now owns 100,657 shares of the real estate investment trust’s stock valued at $1,681,000 after buying an additional 12,778 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of PennyMac Financial Services by 48.7% during the 2nd quarter. New York State Common Retirement Fund now owns 18,000 shares of the real estate investment trust’s stock valued at $301,000 after buying an additional 5,899 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of PennyMac Financial Services by 1,652.1% during the 2nd quarter. Citigroup Inc. now owns 6,150 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 5,799 shares in the last quarter. Hedge funds and other institutional investors own 89.47% of the company’s stock.

Several research firms recently weighed in on PFSI. Keefe, Bruyette & Woods cut shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a report on Monday, January 8th. Zacks Investment Research upgraded shares of PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Saturday, January 6th. Barclays set a $27.00 price target on shares of PennyMac Financial Services and gave the company a “buy” rating in a report on Sunday. Finally, ValuEngine upgraded shares of PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 15th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. PennyMac Financial Services has an average rating of “Buy” and an average price target of $24.00.

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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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