PennyMac Financial Services Inc (NYSE:PFSI) Director Stanford L. Kurland sold 15,000 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $47.71, for a total transaction of $715,650.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Stanford L. Kurland also recently made the following trade(s):

  • On Wednesday, July 29th, Stanford L. Kurland sold 15,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $46.57, for a total transaction of $698,550.00.
  • On Wednesday, July 15th, Stanford L. Kurland sold 15,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $42.09, for a total transaction of $631,350.00.
  • On Monday, July 13th, Stanford L. Kurland sold 15,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $41.10, for a total transaction of $616,500.00.
  • On Monday, June 29th, Stanford L. Kurland sold 15,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $40.94, for a total transaction of $614,100.00.
  • On Thursday, June 11th, Stanford L. Kurland sold 45,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $37.70, for a total transaction of $1,696,500.00.
  • On Thursday, May 28th, Stanford L. Kurland sold 15,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $34.05, for a total transaction of $510,750.00.
  • On Tuesday, May 26th, Stanford L. Kurland sold 15,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $33.22, for a total transaction of $498,300.00.
  • On Friday, May 15th, Stanford L. Kurland sold 600 shares of PennyMac Financial Services stock. The shares were sold at an average price of $29.01, for a total transaction of $17,406.00.

Shares of PFSI opened at $48.26 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 2.15. PennyMac Financial Services Inc has a 12-month low of $13.14 and a 12-month high of $49.03. The firm has a market capitalization of $3.82 billion, a PE ratio of 6.00 and a beta of 1.18. The stock’s fifty day simple moving average is $41.46 and its 200-day simple moving average is $33.32.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.62. PennyMac Financial Services had a return on equity of 32.19% and a net margin of 33.47%. The business had revenue of $721.83 million for the quarter, compared to analyst estimates of $664.45 million. Analysts anticipate that PennyMac Financial Services Inc will post 11.62 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Senvest Management LLC lifted its stake in shares of PennyMac Financial Services by 95.0% during the first quarter. Senvest Management LLC now owns 1,435,451 shares of the real estate investment trust’s stock valued at $31,738,000 after acquiring an additional 699,281 shares during the period. Philadelphia Financial Management of San Francisco LLC acquired a new position in PennyMac Financial Services in the first quarter valued at about $22,858,000. Basswood Capital Management L.L.C. lifted its stake in PennyMac Financial Services by 266.7% in the first quarter. Basswood Capital Management L.L.C. now owns 894,162 shares of the real estate investment trust’s stock valued at $19,770,000 after buying an additional 650,321 shares during the period. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in PennyMac Financial Services by 4.0% in the first quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 789,378 shares of the real estate investment trust’s stock valued at $17,453,000 after buying an additional 30,700 shares during the period. Finally, Geode Capital Management LLC lifted its stake in PennyMac Financial Services by 4.3% in the first quarter. Geode Capital Management LLC now owns 486,053 shares of the real estate investment trust’s stock valued at $10,746,000 after buying an additional 20,165 shares during the period. 53.49% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on PFSI shares. Credit Suisse Group increased their price objective on shares of PennyMac Financial Services from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Keefe, Bruyette & Woods boosted their price target on shares of PennyMac Financial Services from $40.00 to $53.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 7th. Wells Fargo & Co reissued a “buy” rating on shares of PennyMac Financial Services in a research note on Friday, May 8th. Barclays lifted their target price on PennyMac Financial Services from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, June 11th. Finally, JMP Securities lifted their price target on PennyMac Financial Services from $25.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $42.63.

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.

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

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