Insider Derek Stark has sold 6,500 shares in the company on June 1, 2015. Stock was sold for $399,880.00 at an average of $61.52. After the transaction was completed, the insider owns 29,211 of the company's shares, worth approximately $1,797.060.72. This link
PennyMac Financial Services Stock Price
During the midday session on Monday, shares fell $0.77 to reach $62.99. The company's average trading volume is 384,687 shares. The company's debt-to equity ratio is 2.34. Its current ratio is 0.53, and its quick ratio is 0.53. PennyMac Financial Services, Inc. had a low of $38.53 in the past twelve months and a high of $73.79. The company's fifty-day moving average is $60.90, and its 200-day moving average is $60.60. The last time ) announced its results was on Thursday, 27th April. The real estate trust reported $0.57 in earnings per share for the third quarter, falling short of analysts' expectations of $1.20 ($0.63). PennyMac Financial Services reported a return of equity of 9.86%, and a net profit margin of 20.37 percent. The company's revenue for the quarter was $302.90m, which is lower than analyst expectations of $354.08m. In the same quarter last year, the company earned $2.94 per share. The revenue of the firm for the quarter fell 53.9% from a year ago. Analysts expect PennyMac Financial Services, Inc. to post an average of 5.43 EPS in the current fiscal year.
PennyMac Financial Services Announces Dividend
A quarterly dividend was also paid by the company on Friday, 26th May. Dividends of $0.20 were paid to shareholders who had their shares on record as of Tuesday, May 16. Dividend yield is 1.27%. This dividend represents an annualized $0.80 and a dividend of $0.20 per share. This dividend became payable on Monday, 15th May. PennyMac Financial Services has a dividend payout ratio of 13.29%.
Institutional Trading of PennyMac Financial Services
Hedge funds and institutional investors recently increased or decreased their stakes in PFSI. Acadian Asset Management LLC purchased a new stake of shares in PennyMac Financial Services valued at $519,000. MetLife Investment Management LLC increased its holdings of PennyMac Financial Services during the first three months by 39.6%. MetLife Investment Management LLC owns 15,934 of the real estate trust's shares worth $848,000, after purchasing an additional 4,522 in the last quarter. LSV Asset Management increased its holdings of PennyMac Financial Services during the first three months. LSV Asset Management owns 53,212 of the real estate trust's shares worth $2,831,000, after purchasing an additional 5,846 in the last quarter. Dimensional Fund Advisors LP grew its holdings in PennyMac Financial Services during the first quarter by 93.7%. Dimensional Fund Advisors LP owns now 783,884 of the real estate trust's shares worth $41,703,000, after purchasing an additional 379 161 shares in the last quarter. Canada Pension Plan Investment Board also increased its holdings in PennyMac Financial Services during the first quarter by 19.9%. Canada Pension Plan Investment Board owns 2,932 of the real estate trust's shares worth $156,000, after purchasing an additional 486 during the last quarter. Institutional investors and hedge fund own 67.03% the company's shares.
Wall Street analysts weigh in
In a research report published on Thursday 18th May, PennyMac Financial Services was covered. The stock was given a rating of'sell'. Piper Sandler reduced their price target on PennyMac Financial Services in a report published on Friday, 28th April from $82.00 to $82.00. TheStreet, in a Friday, April 28, report, downgraded PennyMac Financial Services' rating from a "b" to a "c". Two analysts have given the stock a hold recommendation, while two others have assigned the stock a buy recommendation. According to MarketBeat's data, PennyMac Financial Services' average rating is 'Hold' with an average price target of $75.33.
PennyMac Financial Services
PennyMac Financial Services, Inc. operates as a holding firm, and is engaged in the production of residential mortgage loans. It is organized into three segments: Production Servicing and Investment Management. The Production segment consists of mortgage loan origination and acquisition as well as sale activities.
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