Bank of America just raised its EUR/USD forecast
Joseph F. Mazzella, a director at PennyMac Financial Services, Inc. (NYSE:PFSI), sold 7,107 shares of common stock on August 13, 2025. The shares were sold at a weighted average price ranging from $107.68 to $108.52, resulting in a total transaction value of $768,693. The sale comes as PFSI shares have shown strong momentum, gaining nearly 11% in the past week. The company, currently valued at $5.6 billion, trades at a P/E ratio of 14.4x.
Following the transaction, Mazzella directly owns 86,050 shares of PennyMac Financial Services, Inc. common stock, which includes 1,547 restricted stock units and 84,503 shares of Common Stock. He also indirectly owns 165,031 shares through the Mazzella Family Irrevocable Trust. According to InvestingPro, PFSI currently trades near its Fair Value, with 8 additional exclusive insights available to subscribers, including detailed analysis of the company’s financial health and growth prospects.
In other recent news, PennyMac Financial Services Inc. reported its second-quarter earnings, missing both earnings per share (EPS) and revenue estimates. The company posted an EPS of $2.54, below the forecasted $2.88, and revenue was reported at $444.73 million, falling short of the expected $545.04 million. Additionally, PennyMac Financial announced the pricing of a $650 million offering of senior notes due 2034, with an interest rate of 6.750%. The notes will mature on February 15, 2034, and the offering is anticipated to close on August 12, 2025, subject to customary closing conditions. The proceeds from this offering are intended to repay borrowings under its secured MSR facilities and other secured indebtedness, as well as for general corporate purposes. In analyst news, Piper Sandler lowered its price target for PennyMac Financial to $121 from $125, while maintaining an Overweight rating. This adjustment followed PennyMac’s operating miss in the second quarter, largely due to lower gain on sale income, although it was partially offset by higher servicing fees.
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