Jeffrey Grogin Sells 12000 Shares of PennyMac Financial Services, Inc. (PFSI) Stock
PennyMac Financial Services, Inc. (NYSE:PFSI) insider Jeffrey Grogin sold 12,000 shares of the stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $16.98, for a total transaction of $203,760.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink .
PennyMac Financial Services, Inc. ( NYSE:PFSI ) opened at 17.00 on Friday. The company has a market capitalization of $379.25 million, a PE ratio of 6.68 and a beta of 0.56. The firm’s 50 day moving average price is $16.56 and its 200-day moving average price is $16.43. PennyMac Financial Services, Inc. has a 12-month low of $10.50 and a 12-month high of $19.35.
PennyMac Financial Services (NYSE:PFSI) last released its earnings results on Thursday, February 2nd. The real estate investment trust reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.18. The company earned $289.30 million during the quarter, compared to the consensus estimate of $248.26 million. PennyMac Financial Services had a return on equity of 4.88% and a net margin of 6.76%. PennyMac Financial Services’s quarterly revenue was up 54.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS. On average, equities analysts anticipate that PennyMac Financial Services, Inc. will post $2.77 earnings per share for the current fiscal year.
Hilltop Holdings Inc. (HTH) Stock Rating Lowered by Zacks Investment Research
Was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday.
According to Zacks, “Hilltop Holdings’ shares outperformed the Zacks categorized Southeast Banks industry, over the last one year. The company’s fourth-quarter 2016 earnings lagged the Zacks Consensus Estimate due to elevated expenses and a rise in provisions. However, higher revenues were a tailwind. The company is expected to continue witnessing organic growth, driven by improving loan and deposit balances. Further, given its strong balance sheet, the company is well poised to grow through acquisitions. Nevertheless, continuously increasing expenses along with pressure on margins remain key concerns for the company. Also, the company’s vast exposure to weather-risk prone areas, such as Texas and Arizona, makes it vulnerable to catastrophic losses.”
Other equities analysts have also issued reports about the stock. Keefe, Bruyette & Woods lowered shares of Hilltop Holdings from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $24.00 to $25.00 in a research report on Monday, October 31st. FBR & Co upped their target price on shares of Hilltop Holdings from $24.00 to $26.00 and gave the stock a “mkt perform” rating in a research report on Friday, October 28th. Finally, Compass Point lowered shares of Hilltop Holdings from a “buy” rating to a “neutral” rating and upped their target price for the stock from $28.00 to $28.50 in a research report on Wednesday, November 23rd. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $27.38.