PennyMac Financial Services Inc (NYSE:PFSI) announced a dividend on Thursday, October 31st, Fidelity reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.12 per share by the real estate investment trust on Friday, November 29th. The ex-dividend date of this dividend is Thursday, November 14th.

Shares of PennyMac Financial Services stock traded up $0.37 during trading on Tuesday, hitting $31.23. 450,226 shares of the company’s stock traded hands, compared to its average volume of 314,514. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.18 and a quick ratio of 0.18. The firm’s fifty day moving average price is $31.27 and its 200 day moving average price is $26.29. PennyMac Financial Services has a twelve month low of $19.28 and a twelve month high of $33.46. The company has a market cap of $2.42 billion, a PE ratio of 12.06, a PEG ratio of 0.69 and a beta of 0.36.

PennyMac Financial Services (NYSE:PFSI) last issued its earnings results on Thursday, October 31st. The real estate investment trust reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.26. PennyMac Financial Services had a net margin of 22.54% and a return on equity of 15.84%. The business had revenue of $436.35 million for the quarter, compared to analyst estimates of $368.20 million. As a group, equities research analysts anticipate that PennyMac Financial Services will post 4.43 earnings per share for the current year.

Several brokerages have recently weighed in on PFSI. Barclays reiterated a “buy” rating and set a $37.00 target price on shares of PennyMac Financial Services in a research report on Friday, October 25th. Piper Jaffray Companies lifted their target price on shares of PennyMac Financial Services from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. ValuEngine lowered shares of PennyMac Financial Services from a “sell” rating to a “strong sell” rating in a research report on Friday. TheStreet upgraded shares of PennyMac Financial Services from a “c+” rating to a “b+” rating in a research report on Wednesday, August 14th. Finally, Wells Fargo & Co upgraded shares of PennyMac Financial Services from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. PennyMac Financial Services has an average rating of “Buy” and an average price target of $33.40.

In related news, Director Anne Mccallion sold 10,000 shares of PennyMac Financial Services stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $31.37, for a total transaction of $313,700.00. Also, insider Stanford L. Kurland sold 45,000 shares of PennyMac Financial Services stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $28.25, for a total transaction of $1,271,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 235,000 shares of company stock valued at $7,164,050 over the last three months. 22.17% of the stock is currently owned by insiders.

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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