PennyMac Financial Services Inc (PFSI) Insider Stanford L. Kurland Sells 9,664 Shares

PennyMac Financial Services Inc (NYSE:PFSI) insider Stanford L. Kurland sold 9,664 shares of the business’s stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $21.31, for a total value of $205,939.84. Following the transaction, the insider now directly owns 51,137 shares of the company’s stock, valued at $1,089,729.47. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

NYSE PFSI traded up $0.17 during trading on Thursday, reaching $21.27. 98,235 shares of the company’s stock were exchanged, compared to its average volume of 185,916. The company has a market capitalization of $502.34, a price-to-earnings ratio of 9.70, a price-to-earnings-growth ratio of 1.34 and a beta of 0.57. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.17 and a quick ratio of 0.17. PennyMac Financial Services Inc has a 1 year low of $15.65 and a 1 year high of $25.20.

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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 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.02). The business 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%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm earned $1.00 earnings per share. equities research analysts expect that PennyMac Financial Services Inc will post 3.2 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in PFSI. Basswood Capital Management L.L.C. lifted its holdings in PennyMac Financial Services by 11.8% during the 4th quarter. Basswood Capital Management L.L.C. now owns 1,784,748 shares of the real estate investment trust’s stock worth $39,889,000 after buying an additional 188,309 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of PennyMac Financial Services in the 4th quarter valued at about $2,534,000. Martingale Asset Management L P purchased a new stake in shares of PennyMac Financial Services in the 4th quarter valued at about $2,509,000. Dimensional Fund Advisors LP lifted its holdings in shares of PennyMac Financial Services by 17.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 625,742 shares of the real estate investment trust’s stock valued at $11,138,000 after purchasing an additional 93,918 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of PennyMac Financial Services by 566.6% in the 4th quarter. Deutsche Bank AG now owns 109,845 shares of the real estate investment trust’s stock valued at $2,454,000 after purchasing an additional 93,366 shares during the last quarter. 93.29% of the stock is owned by institutional investors.

Several research analysts recently commented on the company. Wells Fargo assumed coverage on PennyMac Financial Services in a research note on Wednesday, April 4th. They set an “outperform” rating and a $28.00 target price for the company. Zacks Investment Research cut PennyMac Financial Services from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. Wedbush assumed coverage on PennyMac Financial Services in a research note on Friday, February 16th. They set an “outperform” rating and a $30.00 target price for the company. Barclays set a $27.00 target price on PennyMac Financial Services and gave the stock a “buy” rating in a research note on Sunday, February 11th. Finally, Keefe, Bruyette & Woods cut PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. PennyMac Financial Services currently has a consensus rating of “Buy” and a consensus price target of $27.75.

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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.

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

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