PennyMac Financial Services Inc (NYSE:PFSI) – Piper Jaffray Companies increased their Q3 2019 earnings per share (EPS) estimates for PennyMac Financial Services in a research note issued to investors on Wednesday, March 13th. Piper Jaffray Companies analyst K. Barker now expects that the real estate investment trust will earn $0.72 per share for the quarter, up from their prior estimate of $0.71. Piper Jaffray Companies also issued estimates for PennyMac Financial Services’ FY2019 earnings at $2.82 EPS.
PennyMac Financial Services (NYSE:PFSI) last posted its quarterly earnings results on Thursday, February 7th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.08. The company had revenue of $251.20 million for the quarter, compared to analyst estimates of $238.79 million. PennyMac Financial Services had a net margin of 8.91% and a return on equity of 4.80%.
NYSE PFSI opened at $22.92 on Friday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $568.01 million, a price-to-earnings ratio of 8.85, a P/E/G ratio of 0.80 and a beta of 0.45. PennyMac Financial Services has a 52-week low of $18.77 and a 52-week high of $24.50.
Several large investors have recently added to or reduced their stakes in PFSI. Bessemer Group Inc. bought a new position in PennyMac Financial Services during the 4th quarter valued at about $117,000. Citigroup Inc. lifted its holdings in PennyMac Financial Services by 10.6% during the 4th quarter. Citigroup Inc. now owns 5,982 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 573 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in PennyMac Financial Services by 223.0% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,344 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 4,380 shares during the last quarter. PEAK6 Investments LLC bought a new position in PennyMac Financial Services during the 4th quarter valued at about $248,000. Finally, Stone Ridge Asset Management LLC bought a new position in PennyMac Financial Services during the 4th quarter valued at about $257,000. 93.24% of the stock is owned by institutional investors.
In other news, insider Anne Mccallion sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $21.29, for a total transaction of $106,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 70,500 shares of company stock valued at $1,574,866 over the last ninety days. 42.06% of the stock is owned by insiders.
About PennyMac Financial Services
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.
Read More: How a Put Option Works
Receive News & Ratings for PennyMac Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PennyMac Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.