PennyMac Financial Services (NYSE:PFSI) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.08, Bloomberg Earnings reports. PennyMac Financial Services had a net margin of 8.91% and a return on equity of 4.80%. The firm had revenue of $251.20 million for the quarter, compared to the consensus estimate of $238.79 million.
PFSI traded up $0.82 during midday trading on Friday, hitting $22.00. 325,486 shares of the company traded hands, compared to its average volume of 191,317. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.27. The company has a market cap of $533.74 million, a price-to-earnings ratio of 8.24, a PEG ratio of 0.74 and a beta of 0.40. PennyMac Financial Services has a 52-week low of $18.77 and a 52-week high of $25.20.
In other PennyMac Financial Services news, insider Anne Mccallion sold 6,100 shares of the stock in a transaction on Tuesday, December 18th. The shares were sold at an average price of $21.69, for a total transaction of $132,309.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 31,100 shares of company stock worth $667,659. Insiders own 42.06% of the company’s stock.
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PennyMac Financial Services Company Profile
PennyMac Financial Services, Inc a specialty financial services company, engages in the mortgage banking and investment management activities in the United States. It is involved in the origination, acquisition, and sale of mortgage loans. The company originates first-lien residential conventional and government-insured or guaranteed mortgage loans to allow customers to purchase or refinance their homes.
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