PennyMac Financial Services Inc (NYSE:PFSI) Director Sells $874,800.00 in Stock

PennyMac Financial Services Inc (NYSE:PFSI) Director Matthew Botein sold 40,000 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $21.87, for a total value of $874,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Wednesday, June 19th, Matthew Botein sold 60,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $21.59, for a total value of $1,295,400.00.

Shares of NYSE PFSI opened at $21.80 on Thursday. PennyMac Financial Services Inc has a one year low of $18.77 and a one year high of $24.50. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.19 and a quick ratio of 0.19. The company’s fifty day moving average price is $22.04. The stock has a market cap of $1.72 billion, a PE ratio of 8.42, a PEG ratio of 0.74 and a beta of 0.46.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.04). PennyMac Financial Services had a net margin of 11.79% and a return on equity of 6.57%. The firm had revenue of $247.71 million for the quarter, compared to analysts’ expectations of $246.88 million. As a group, research analysts forecast that PennyMac Financial Services Inc will post 2.98 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of PFSI. Rhumbline Advisers grew its holdings in PennyMac Financial Services by 56.3% during the 4th quarter. Rhumbline Advisers now owns 31,367 shares of the real estate investment trust’s stock worth $667,000 after acquiring an additional 11,294 shares in the last quarter. TD Asset Management Inc. grew its holdings in PennyMac Financial Services by 20.4% during the 4th quarter. TD Asset Management Inc. now owns 31,290 shares of the real estate investment trust’s stock worth $665,000 after acquiring an additional 5,300 shares in the last quarter. Boston Partners grew its holdings in PennyMac Financial Services by 2.0% during the 4th quarter. Boston Partners now owns 298,873 shares of the real estate investment trust’s stock worth $6,354,000 after acquiring an additional 5,907 shares in the last quarter. Prudential Financial Inc. grew its holdings in PennyMac Financial Services by 100.1% during the 4th quarter. Prudential Financial Inc. now owns 71,410 shares of the real estate investment trust’s stock worth $1,518,000 after acquiring an additional 35,715 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in PennyMac Financial Services by 185.8% during the 4th quarter. First Trust Advisors LP now owns 108,950 shares of the real estate investment trust’s stock worth $2,316,000 after acquiring an additional 70,823 shares in the last quarter. 30.70% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on the company. JMP Securities restated a “hold” rating on shares of PennyMac Financial Services in a research note on Wednesday, March 6th. Wedbush restated an “outperform” rating on shares of PennyMac Financial Services in a research note on Thursday, April 4th. Finally, Zacks Investment Research upgraded PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Wednesday, June 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. PennyMac Financial Services has an average rating of “Buy” and a consensus target price of $24.00.

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.

Further Reading: Green Investing

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

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