PennyMac Financial Services Inc (NYSE: PFSI) is 20.93% higher on its value in year-to-date trading and has touched a low of $76.57 and a high of $119.13 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PFSI stock was last observed hovering at around $106.36 in the last trading session, with the day’s gains setting it 0.51%.
Currently trading at $106.87, the stock is 3.22% and 0.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.19 million and changing 0.48% at the moment leaves the stock 10.35% off its SMA200. PFSI registered 37.38% gain for a year compared to 6-month gain of 18.05%. The firm has a 50-day simple moving average (SMA 50) of $106.378 and a 200-day simple moving average (SMA200) of $96.74175.
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The stock witnessed a 4.32% loss in the last 1 month and extending the period to 3 months gives it a 1.54%, and is 4.04% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.81% over the week and 2.72% over the month.
PennyMac Financial Services Inc (PFSI) has around 3914 employees, a market worth around $5.48B and $3.34B in sales. Current P/E ratio is 33.96 and Fwd P/E is 7.63. Profit margin for the company is 5.09%. Distance from 52-week low is 39.56% and -10.29% from its 52-week high. The company has generated returns on investments over the last 12 months (1.96%).
The EPS is expected to grow by 161.66% this year
292.0 institutions hold shares in PennyMac Financial Services Inc (PFSI), with institutional investors hold 95.46% of the company’s shares. The shares outstanding are 50.18M, and float is at 48.53M with Short Float at 2.40%. Institutions hold 61.08% of the Float.
The top institutional shareholder in the company is T. ROWE PRICE INVESTMENT MANAGEMENT, INC. with over 4.64 million shares valued at $438.69 million. The investor’s holdings represent 9.1742 of the PFSI Shares outstanding. As of 2024-06-30, the second largest holder is MFN PARTNERS MANAGEMENT, LP with 4.53 million shares valued at $428.71 million to account for 8.9655 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 2.66 million shares representing 5.2528 and valued at over $251.18 million, while DIMENSIONAL FUND ADVISORS LP holds 4.8904 of the shares totaling 2.47 million with a market value of $233.84 million.
PennyMac Financial Services Inc (PFSI) Insider Activity
The most recent transaction is an insider sale by Hendry Gregory L, the company’s MD, Chief Accounting Officer. SEC filings show that Hendry Gregory L sold 3,032 shares of the company’s common stock on Nov 20 ’24 at a price of $102.09 per share for a total of $0.31 million. Following the sale, the insider now owns 48040.0 shares.
Still, SEC filings show that on Nov 15 ’24, Perotti Daniel Stanley (Chief Financial Officer) disposed off 10,500 shares at an average price of $100.02 for $1.05 million. The insider now directly holds 225,497 shares of PennyMac Financial Services Inc (PFSI).
