PennyMac Financial Services Inc (NYSE:PFSI) announced a dividend on Thursday, October 31st, Fidelity reports. Investors 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.
PennyMac Financial Services stock traded up $0.37 during mid-day trading on Tuesday, hitting $31.23. 450,226 shares of the company’s stock were exchanged, compared to its average volume of 314,514. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 2.18. The stock has a market cap of $2.42 billion, a P/E ratio of 12.06, a P/E/G ratio of 0.69 and a beta of 0.36. PennyMac Financial Services has a 1-year low of $19.28 and a 1-year high of $33.46. The stock has a 50 day moving average of $31.27 and a two-hundred day moving average of $26.29.
PennyMac Financial Services (NYSE:PFSI) last posted its earnings results on Thursday, October 31st. The real estate investment trust reported $1.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.26. The firm had revenue of $436.35 million for the quarter, compared to the consensus estimate of $368.20 million. PennyMac Financial Services had a net margin of 22.54% and a return on equity of 15.84%. As a group, research analysts predict that PennyMac Financial Services will post 4.43 EPS for the current fiscal year.
Several equities research analysts have recently issued reports on the company. ValuEngine downgraded PennyMac Financial Services from a “sell” rating to a “strong sell” rating in a research report on Friday. Wells Fargo & Co raised PennyMac Financial Services from a “market perform” rating to an “outperform” rating and set a $35.00 price target on the stock in a research report on Thursday, September 5th. Barclays reaffirmed a “buy” rating and issued a $37.00 price target on shares of PennyMac Financial Services in a research report on Friday, October 25th. Credit Suisse Group raised their price target on PennyMac Financial Services from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, August 21st. Finally, TheStreet upgraded shares of PennyMac Financial Services from a “c+” rating to a “b+” rating in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $33.40.
In other news, Director Anne Mccallion sold 10,000 shares of PennyMac Financial Services stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $31.44, for a total value of $314,400.00. Also, insider Stanford L. Kurland sold 45,000 shares of PennyMac Financial Services stock in a transaction that occurred on 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. In the last 90 days, insiders have sold 235,000 shares of company stock valued at $7,164,050. Corporate insiders own 22.17% of the company’s stock.
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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