PennyMac Financial Services Inc (PFSI) Chairman Stanford L. Kurland Sells 5,950 Shares

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.

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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 large investors have recently made changes to their positions in PFSI. Dimensional Fund Advisors LP boosted its stake in shares of PennyMac Financial Services by 17.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 625,742 shares of the real estate investment trust’s stock worth $11,138,000 after acquiring an additional 93,918 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of PennyMac Financial Services by 18.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 35,175 shares of the real estate investment trust’s stock worth $787,000 after purchasing an additional 5,375 shares during the last quarter. Bessemer Group Inc. acquired a new position in shares of PennyMac Financial Services during the 4th quarter worth approximately $590,000. Aperio Group LLC raised its position in shares of PennyMac Financial Services by 45.9% during the 4th quarter. Aperio Group LLC now owns 31,602 shares of the real estate investment trust’s stock worth $706,000 after purchasing an additional 9,940 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of PennyMac Financial Services by 59.9% during the 4th quarter. Wells Fargo & Company MN now owns 124,748 shares of the real estate investment trust’s stock worth $2,787,000 after purchasing an additional 46,723 shares during the last quarter. 93.29% of the stock is currently owned by institutional investors and hedge funds.

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.

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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.

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

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