PennyMac Financial Services Inc (NYSE:PFSI) – Research analysts at Piper Jaffray Companies dropped their Q3 2018 EPS estimates for shares of PennyMac Financial Services in a research report issued on Friday, August 3rd. Piper Jaffray Companies analyst K. Barker now expects that the real estate investment trust will earn $0.58 per share for the quarter, down from their previous forecast of $0.59. Piper Jaffray Companies also issued estimates for PennyMac Financial Services’ Q4 2018 earnings at $0.63 EPS, Q2 2019 earnings at $0.74 EPS, Q3 2019 earnings at $0.76 EPS, FY2019 earnings at $2.93 EPS and FY2020 earnings at $3.16 EPS.
PennyMac Financial Services (NYSE:PFSI) last posted its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04. The business had revenue of $244.30 million for the quarter, compared to the consensus estimate of $241.49 million. PennyMac Financial Services had a net margin of 11.03% and a return on equity of 4.00%.
NYSE PFSI opened at $21.50 on Monday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 1.30. The stock has a market cap of $528.82 million, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 0.80 and a beta of 0.63. PennyMac Financial Services has a one year low of $16.00 and a one year high of $25.20.
The company also recently declared a special dividend, which will be paid on Thursday, August 30th. Stockholders of record on Monday, August 13th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 10th.
In other news, insider David M. Walker sold 10,326 shares of the firm’s stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $20.30, for a total value of $209,617.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Matthew Botein sold 10,000 shares of PennyMac Financial Services stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $20.20, for a total transaction of $202,000.00. The disclosure for this sale can be found here. Insiders sold a total of 156,217 shares of company stock worth $3,133,426 over the last 90 days. Company insiders own 42.06% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in PFSI. MetLife Investment Advisors LLC acquired a new stake in PennyMac Financial Services in the 4th quarter worth approximately $163,000. Assetmark Inc. boosted its stake in PennyMac Financial Services by 2,681.9% in the 1st quarter. Assetmark Inc. now owns 8,012 shares of the real estate investment trust’s stock worth $181,000 after purchasing an additional 7,724 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in PennyMac Financial Services in the 1st quarter worth approximately $223,000. GSA Capital Partners LLP acquired a new stake in PennyMac Financial Services in the 1st quarter worth approximately $252,000. Finally, Rhumbline Advisers boosted its stake in PennyMac Financial Services by 28.4% in the 2nd quarter. Rhumbline Advisers now owns 19,822 shares of the real estate investment trust’s stock worth $390,000 after purchasing an additional 4,387 shares in the last quarter. Institutional investors own 91.51% 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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