PennyMac Financial Services Inc (NYSE:PFSI) Chairman Stanford L. Kurland sold 5,950 shares of the business’s stock in a transaction dated Monday, April 23rd. The shares were sold at an average price of $20.61, for a total value of $122,629.50. Following the completion of the transaction, the chairman now owns 25,037 shares in the company, valued at approximately $516,012.57. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of PFSI opened at $20.95 on Wednesday. PennyMac Financial Services Inc has a twelve month low of $15.65 and a twelve month high of $25.20. The company has a market capitalization of $495.29, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 1.32 and a beta of 0.57. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.17 and a current ratio of 0.17.
PennyMac Financial Services (NYSE:PFSI) last announced its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.02). The firm had revenue of $298.63 million for the quarter, compared to analysts’ expectations of $238.86 million. PennyMac Financial Services had a return on equity of 3.50% and a net margin of 10.55%. PennyMac Financial Services’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm earned $1.00 EPS. analysts expect that PennyMac Financial Services Inc will post 3.2 EPS for the current year.
Several equities analysts recently issued reports on PFSI shares. Zacks Investment Research upgraded PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, December 26th. Wedbush started coverage on PennyMac Financial Services in a research report on Friday, February 16th. They issued an “outperform” rating and a $30.00 price target on the stock. Wells Fargo started coverage on PennyMac Financial Services in a report on Wednesday, April 4th. They issued an “outperform” rating and a $28.00 price objective on the stock. Barclays set a $27.00 price objective on PennyMac Financial Services and gave the company a “buy” rating in a report on Sunday, February 11th. Finally, Keefe, Bruyette & Woods lowered PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $27.75.
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.
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.