PennyMac Financial Services Inc (NYSE:PFSI) was the target of some unusual options trading activity on Tuesday. Stock traders bought 928 call options on the stock. This is an increase of 931% compared to the average volume of 90 call options.
A number of analysts recently issued reports on the stock. Piper Jaffray Companies increased their price target on shares of PennyMac Financial Services from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. ValuEngine downgraded shares of PennyMac Financial Services from a “sell” rating to a “strong sell” rating in a report on Thursday, December 26th. Keefe, Bruyette & Woods cut shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating and set a $36.00 price objective for the company. in a research report on Sunday, December 8th. Finally, Barclays restated a “buy” rating and set a $37.00 price objective on shares of PennyMac Financial Services in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $34.50.
In related news, Chairman Stanford L. Kurland sold 45,000 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $31.53, for a total transaction of $1,418,850.00. Also, Director Matthew Botein sold 60,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $30.74, for a total transaction of $1,844,400.00. Insiders sold a total of 222,628 shares of company stock worth $7,080,261 over the last ninety days. Insiders own 22.17% of the company’s stock.
Shares of NYSE PFSI opened at $34.08 on Wednesday. The firm has a 50-day simple moving average of $33.86 and a 200-day simple moving average of $29.90. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 0.74 and a beta of 0.41. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 2.18. PennyMac Financial Services has a 52 week low of $20.22 and a 52 week high of $34.74.
PennyMac Financial Services (NYSE:PFSI) last issued its earnings results on Thursday, October 31st. The real estate investment trust reported $1.51 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.26. The business had revenue of $436.35 million during the quarter, compared to analysts’ expectations of $368.20 million. PennyMac Financial Services had a net margin of 22.54% and a return on equity of 15.84%. As a group, equities research analysts expect that PennyMac Financial Services will post 4.51 EPS for the current year.
About PennyMac Financial Services
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.
Read More: How to build a Fibonacci channel
Receive News & Ratings for PennyMac Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PennyMac Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.