PennyMac Financial Services Inc (NYSE:PFSI) Director Stanford L. Kurland sold 15,000 shares of PennyMac Financial Services stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $47.71, for a total value of $715,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $46.57, for a total value of $698,550.00.
  • On Wednesday, July 15th, Stanford L. Kurland sold 15,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $42.09, for a total value of $631,350.00.
  • On Monday, July 13th, Stanford L. Kurland sold 15,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $41.10, for a total value 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 value 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 value of $1,696,500.00.
  • On Thursday, May 28th, Stanford L. Kurland sold 15,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $34.05, for a total value of $510,750.00.
  • On Tuesday, May 26th, Stanford L. Kurland sold 15,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $33.22, for a total value of $498,300.00.
  • On Friday, May 15th, Stanford L. Kurland sold 600 shares of PennyMac Financial Services stock. The stock was sold at an average price of $29.01, for a total value of $17,406.00.

PennyMac Financial Services stock opened at $48.26 on Friday. The firm has a market capitalization of $3.87 billion, a P/E ratio of 6.07 and a beta of 1.18. The stock has a fifty day moving average price of $41.46 and a 200 day moving average price of $33.32. PennyMac Financial Services Inc has a 52 week low of $13.14 and a 52 week high of $49.03. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 2.15.

PennyMac Financial Services (NYSE:PFSI) last released its earnings results on Thursday, May 7th. The real estate investment trust reported $3.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.11 by $0.62. The firm had revenue of $721.83 million during the quarter, compared to analyst estimates of $664.45 million. PennyMac Financial Services had a return on equity of 32.19% and a net margin of 33.47%. As a group, equities analysts predict that PennyMac Financial Services Inc will post 11.62 EPS for the current year.

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

A number of institutional investors have recently added to or reduced their stakes in PFSI. Monarch Partners Asset Management LLC increased its stake in PennyMac Financial Services by 7.4% during the second quarter. Monarch Partners Asset Management LLC now owns 204,389 shares of the real estate investment trust’s stock worth $8,541,000 after acquiring an additional 14,093 shares during the last quarter. OCO Capital Partners L.P. increased its stake in PennyMac Financial Services by 11.9% during the second quarter. OCO Capital Partners L.P. now owns 300,000 shares of the real estate investment trust’s stock worth $12,537,000 after acquiring an additional 31,800 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in PennyMac Financial Services during the second quarter worth about $309,000. First Quadrant L P CA acquired a new stake in PennyMac Financial Services during the second quarter worth about $284,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in PennyMac Financial Services during the second quarter worth about $3,998,000. Hedge funds and other institutional investors own 53.49% of the company’s stock.

About PennyMac Financial Services

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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