PennyMac Financial Services Inc (NYSE:PFSI) Director Stanford L. Kurland sold 2,500 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $37.81, for a total value of $94,525.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Stanford L. Kurland also recently made the following trade(s):
- On Monday, February 10th, Stanford L. Kurland sold 15,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $38.21, for a total value of $573,150.00.
Shares of PFSI opened at $35.13 on Friday. PennyMac Financial Services Inc has a 12 month low of $20.36 and a 12 month high of $39.57. The stock has a fifty day moving average price of $34.52 and a 200-day moving average price of $31.74. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 2.18. The firm has a market cap of $3.01 billion, a PE ratio of 7.18, a P/E/G ratio of 0.73 and a beta of 0.44.
PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $1.88 EPS for the quarter, beating the consensus estimate of $1.57 by $0.31. PennyMac Financial Services had a return on equity of 21.86% and a net margin of 26.60%. The firm had revenue of $490.38 million during the quarter, compared to analyst estimates of $454.75 million. As a group, research analysts forecast that PennyMac Financial Services Inc will post 5.28 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Friday, February 14th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, February 13th. PennyMac Financial Services’s payout ratio is 9.82%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PFSI. Loomis Sayles & Co. L P acquired a new position in shares of PennyMac Financial Services in the 4th quarter valued at $21,755,000. Renaissance Technologies LLC increased its position in shares of PennyMac Financial Services by 72.5% in the 4th quarter. Renaissance Technologies LLC now owns 1,003,693 shares of the real estate investment trust’s stock valued at $34,166,000 after acquiring an additional 421,693 shares during the period. Nuveen Asset Management LLC acquired a new position in shares of PennyMac Financial Services in the 2nd quarter valued at $6,812,000. Penserra Capital Management LLC acquired a new position in shares of PennyMac Financial Services in the 4th quarter valued at $9,253,000. Finally, Millennium Management LLC acquired a new position in shares of PennyMac Financial Services in the 3rd quarter valued at $7,065,000. 51.10% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently commented on PFSI. Wedbush increased their price objective on PennyMac Financial Services from $34.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Zacks Investment Research upgraded PennyMac Financial Services from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a report on Wednesday, February 5th. ValuEngine lowered PennyMac Financial Services from a “sell” rating to a “strong sell” rating in a report on Thursday, December 26th. Barclays reiterated a “buy” rating and set a $37.00 price objective on shares of PennyMac Financial Services in a report on Friday, October 25th. Finally, Piper Jaffray Companies increased their price objective on PennyMac Financial Services from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $37.14.
PennyMac Financial Services Company Profile
PennyMac Financial Services, Inc, through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. It operates through three segments: Loan Production, Loan Servicing, and Investment Management. The Loan Production segment is involved in the origination, acquisition, and sale of mortgage loans.
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