PennyMac Financial Services, Inc. (NYSE:PFSI) insider Stanford L. Kurland sold 11,702 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $20.00, for a total transaction of $234,040.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of PennyMac Financial Services, Inc. (NYSE:PFSI) traded down $0.40 during mid-day trading on Friday, reaching $21.15. 205,100 shares of the company’s stock were exchanged, compared to its average volume of 178,706. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 1.66. PennyMac Financial Services, Inc. has a one year low of $15.65 and a one year high of $21.85. The stock has a market capitalization of $492.56, a P/E ratio of 7.65, a PEG ratio of 1.79 and a beta of 0.63.

PennyMac Financial Services (NYSE:PFSI) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.71 EPS for the quarter, hitting analysts’ consensus estimates of $0.71. PennyMac Financial Services had a net margin of 6.47% and a return on equity of 4.11%. The company had revenue of $250.64 million for the quarter, compared to the consensus estimate of $238.59 million. The firm’s revenue for the quarter was down 14.0% compared to the same quarter last year. analysts anticipate that PennyMac Financial Services, Inc. will post 2.24 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. raised its stake in shares of PennyMac Financial Services by 1,652.1% in the 2nd quarter. Citigroup Inc. now owns 6,150 shares of the real estate investment trust’s stock valued at $103,000 after acquiring an additional 5,799 shares during the period. Victory Capital Management Inc. raised its stake in shares of PennyMac Financial Services by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 6,964 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 1,042 shares during the period. American International Group Inc. increased its stake in PennyMac Financial Services by 7.2% during the 1st quarter. American International Group Inc. now owns 8,384 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 562 shares during the period. Voya Investment Management LLC purchased a new stake in PennyMac Financial Services during the 2nd quarter worth approximately $174,000. Finally, The Manufacturers Life Insurance Company increased its stake in PennyMac Financial Services by 11.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,732 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 1,312 shares during the period. 91.01% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have commented on PFSI shares. Piper Jaffray Companies reaffirmed a “buy” rating on shares of PennyMac Financial Services in a research note on Tuesday, September 19th. ValuEngine downgraded shares of PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 17th. Zacks Investment Research raised shares of PennyMac Financial Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, BidaskClub raised shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, two have given 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 an average rating of “Hold” and an average price target of $20.33.

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PennyMac Financial Services Company Profile

PennyMac Financial Services, Inc (PFSI) is a financial services company. The Company is focused on the production and servicing of the United States residential mortgage loans and the management of investments related to the United States mortgage market. The Company operates through three segments: loan production, loan servicing and investment management.

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

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