PennyMac Financial Services (NYSE:PFSI – Get Rating) will release quarterly earnings data after the market close on Thursday, February 2nd. Analysts expect the company to report earnings of $1.22 per share for the quarter.
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PennyMac Financial Services (NYSE:PFSI – Get Rating) last reported quarterly earnings data on Thursday, October 27. Real estate investment trusts reported earnings per share (EPS) of $2.46 for the quarter, beating consensus expectations of $1.12 by $1.34. The business earned $476.29 million in the quarter, compared with analyst estimates of $419.6 million. PennyMac Financial Services had a net profit margin of 26.12% and a return on equity of 19.77%. On average, analysts expect Pennymac Financial Services to report EPS of $9 in the current fiscal year and $7 in the next fiscal year.
Pennymac Financial Services Stock Performance
PFSI shares opened at $65.85 on Friday. The company has a market capitalization of $3.3 billion, a PE ratio of 6.29 and a beta of 1.39. PennyMac Financial Services has a one-year low of $38.53 and a one-year high of $66.02. The company has a debt to equity ratio of 1.62, a current ratio of 0.70 and a quick ratio of 0.70. The company has a 50-day moving average price of $59.03 and a 200-day moving average price of $54.12.
Insider trading with PennyMac Financial Services
In another piece of PennyMac Financial Services news, director Joseph F. Mazzella sold 40,000 shares in a transaction on Wednesday, December 14th. The shares were sold at an average price of $58.67 for a total of $2,346,800.00. Following the transaction, the directors now own directly 177,031 shares of the Company’s stock valued at approximately $10,386,408.77. The transaction was disclosed in legal filings with the SEC that can be accessed via this hyperlink. In related news, CEO David Spector sold 40,735 shares of PennyMac Financial Services in a transaction that took place on Monday, October 31st. The shares were sold at an average price of $54.24, giving him a total of $2,209,466.40. Following the transaction, the Chief Executive now directly owns 680,386 shares of the Company’s stock valued at $36,904,136.64. The sale was disclosed in legal filings with the U.S. Securities and Exchange Commission, which can be accessed via this hyperlink. Director Joseph F. Mazzella also sold 40,000 shares of stock in his services Penny Mac Financial in a transaction that took place on Wednesday, December 14. The shares sold for an average of $58.67 and the total transaction value was $2,346,800.00. Following the closing of the transaction, the directors now own 177,031 shares in the company directly, valued at $10,386,408.77. Please see here for the disclosure of this sale. Insiders say that in the past three months he has sold 161,426 shares of company stock worth $9,126,641. His 18.00% of the shares are now owned by insiders.
institution inflow and outflow
Recently, many hedge funds have increased or decreased their stakes in PFSIs. Captrust Financial Advisors increased his stake in PennyMac Financial Services by 75.9% in the second quarter. He now owns 2,890 shares of the real estate investment trust worth $126,000 after Captrust Financial Advisors acquired an additional 1,247 shares of him last quarter. The Canada Pension Plan Investment Board increased its stake in Pennymac Financial Services by 19.9% in the first quarter. The Canada Pension Plan Investment Board now owns his 2,932 shares of real estate investment trust shares worth $156,000 after acquiring an additional 486 shares during the previous quarter. Advisors Asset Management Inc. purchased a new position in Pennymac Financial Services for approximately $168,000 in the first quarter. Ensign Peak Advisors Inc increased its position in PennyMac Financial Services by 173.3% in the third quarter. Ensign Peak Advisors Inc now owns 4,700 real estate investment trust shares worth $202,000 after purchasing an additional 2,980 shares last quarter. Finally, Neuberger Berman Group LLC increased its position in Pennymac Financial Services by 13.7% in the first quarter. Neuberger Berman Group LLC now owns 3,914 real estate investment trust shares worth $208,000 after purchasing an additional 472 shares in the previous quarter. 67.03% of the shares are owned by institutional investors.
Analyst Rating Change
PFSI has been the topic of several research reports. In a report on Wednesday, January 18, JMP Securities downgraded the stock of Pennymac Financial Services from an Outperform rating to a Market Performing rating. Piper Sandler raised his price target on PennyMac Financial Services from her $78.00 to her $82.00 in a research report on Friday, Oct. 28, rating the stock “overweight.” Barclays lowered its stake in PennyMac Financial Services from ‘overweight’ to ‘equal weight’ and raised its price target to $58.00 from $55.00 in its Friday, January 6 report. Wells Fargo & Company upgraded PennyMac Financial Services from an ‘equal-weighted’ rating to an ‘overweight’ rating and raised its price target from $54.00 to $75.00 in a report on Tuesday, December 6th. Finally, StockNews.com upgraded PennyMac Financial Services’ stock from a “sell” rating to a “pending” rating in a report Monday. Four equity research analysts rated the stock with a hold rating and three assigned a buy rating to the company’s stock. Based on MarketBeat data, the stock currently has an average rating of Hold and an average target price of $67.67.
About Pennymac Financial Services
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PennyMac Financial Services, Inc operates as a holding company. The company is engaged in the production and servicing of US mortgages. It operates through the following segments: Production, Services and Investment Management. The Production segment includes mortgage origination, acquisition and sales activities.
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