PennyMac Financial Services Inc (PFSI) Director Matthew Botein Sells 10,000 Shares

PennyMac Financial Services Inc (NYSE:PFSI) Director Matthew Botein sold 10,000 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $21.10, for a total value of $211,000.00. Following the transaction, the director now directly owns 34,741 shares of the company’s stock, valued at $733,035.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Matthew Botein also recently made the following trade(s):

  • On Thursday, February 1st, Matthew Botein sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.44, for a total value of $224,400.00.
  • On Thursday, January 25th, Matthew Botein sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.91, for a total value of $229,100.00.
  • On Thursday, January 11th, Matthew Botein sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.71, for a total value of $227,100.00.
  • On Thursday, January 4th, Matthew Botein sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $23.79, for a total value of $237,900.00.
  • On Thursday, December 28th, Matthew Botein sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.17, for a total value of $221,700.00.
  • On Thursday, December 28th, Matthew Botein sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.17, for a total value of $221,700.00.
  • On Thursday, December 21st, Matthew Botein sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.05, for a total value of $220,500.00.

Shares of PennyMac Financial Services Inc (NYSE:PFSI) opened at $23.05 on Thursday. PennyMac Financial Services Inc has a fifty-two week low of $15.65 and a fifty-two week high of $24.00. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market capitalization of $521.65, a PE ratio of 9.87, a PEG ratio of 1.43 and a beta of 0.64.

PennyMac Financial Services (NYSE:PFSI) last posted its earnings results on Thursday, February 8th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.02). PennyMac Financial Services had a net margin of 10.55% and a return on equity of 3.62%. The firm had revenue of $298.63 million during the quarter, compared to analysts’ expectations of $238.86 million. During the same period in the previous year, the firm posted $1.00 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. analysts anticipate that PennyMac Financial Services Inc will post 3.13 earnings per share for the current fiscal year.

Several research analysts recently commented on the company. Keefe, Bruyette & Woods cut PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. Zacks Investment Research downgraded PennyMac Financial Services from a “hold” rating to a “sell” rating in a report on Tuesday. Barclays set a $27.00 price target on PennyMac Financial Services and gave the stock a “buy” rating in a report on Sunday. Finally, ValuEngine raised PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $24.00.

Several institutional investors have recently bought and sold shares of PFSI. Citigroup Inc. lifted its holdings 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 purchasing an additional 5,799 shares during the last quarter. Voya Investment Management LLC purchased a new stake in PennyMac Financial Services during the 2nd quarter valued at approximately $174,000. Victory Capital Management Inc. raised its stake in PennyMac Financial Services by 52.0% during the 3rd quarter. Victory Capital Management Inc. now owns 10,585 shares of the real estate investment trust’s stock valued at $188,000 after acquiring an additional 3,621 shares during the last quarter. The Manufacturers Life Insurance Company raised 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 valued at $213,000 after acquiring an additional 1,312 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in PennyMac Financial Services by 23.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,025 shares of the real estate investment trust’s stock valued at $218,000 after acquiring an additional 2,489 shares during the last quarter. 89.47% of the stock is owned by institutional investors and hedge funds.

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About PennyMac Financial Services

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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