PennyMac Financial Services, Inc. (NYSE:PFSI - Get Free Report) Director Joseph F. Mazzella sold 16,465 shares of the firm's stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $90.73, for a total transaction of $1,493,869.45. Following the transaction, the director now directly owns 116,546 shares in the company, valued at $10,574,218.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
PennyMac Financial Services Price Performance
Shares of PFSI opened at $92.89 on Tuesday. The company has a 50 day moving average of $88.00 and a two-hundred day moving average of $84.20. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 2.33. PennyMac Financial Services, Inc. has a twelve month low of $56.16 and a twelve month high of $94.78. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 32.25, a price-to-earnings-growth ratio of 0.59 and a beta of 1.68.
PennyMac Financial Services (NYSE:PFSI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $2.48 earnings per share for the quarter, topping analysts' consensus estimates of $2.34 by $0.14. PennyMac Financial Services had a return on equity of 10.48% and a net margin of 10.94%. The firm had revenue of $305.66 million during the quarter, compared to analysts' expectations of $422.87 million. As a group, analysts predict that PennyMac Financial Services, Inc. will post 10.55 earnings per share for the current fiscal year.
PennyMac Financial Services Dividend Announcement
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The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Tuesday, May 14th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.86%. PennyMac Financial Services's payout ratio is 27.78%.
Analyst Ratings Changes
Several research analysts have commented on the company. Barclays raised their price objective on PennyMac Financial Services from $103.00 to $112.00 and gave the stock an "overweight" rating in a report on Tuesday, April 9th. Keefe, Bruyette & Woods dropped their target price on shares of PennyMac Financial Services from $105.00 to $100.00 and set an "outperform" rating on the stock in a report on Friday, April 26th. Wedbush reaffirmed an "outperform" rating and issued a $110.00 price target on shares of PennyMac Financial Services in a research report on Thursday, April 25th. StockNews.com raised shares of PennyMac Financial Services from a "sell" rating to a "hold" rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on PennyMac Financial Services from $115.00 to $112.00 and set a "buy" rating for the company in a report on Thursday, April 25th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $97.75.
View Our Latest Stock Report on PennyMac Financial Services
Hedge Funds Weigh In On PennyMac Financial Services
Several hedge funds and other institutional investors have recently modified their holdings of the stock. USA Financial Formulas purchased a new stake in PennyMac Financial Services during the 4th quarter worth approximately $25,000. Hexagon Capital Partners LLC grew its holdings in shares of PennyMac Financial Services by 128.9% during the fourth quarter. Hexagon Capital Partners LLC now owns 364 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 205 shares during the last quarter. Parkside Financial Bank & Trust purchased a new position in PennyMac Financial Services in the 4th quarter worth $36,000. TFO Wealth Partners LLC lifted its position in PennyMac Financial Services by 16,300.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,148 shares of the real estate investment trust's stock worth $101,000 after acquiring an additional 1,141 shares during the period. Finally, Saxon Interests Inc. acquired a new stake in PennyMac Financial Services during the 4th quarter worth about $208,000. 57.87% of the stock is owned by hedge funds and other institutional investors.
About PennyMac Financial Services
(
Get Free Report)
PennyMac Financial Services, Inc, through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. The company operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans.
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