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In a recent transaction reported to the Securities and Exchange Commission, Abbie Tidmore, Chief Revenue Officer of PennyMac Financial Services, Inc. (NYSE:PFSI), sold 2,669 shares of the company’s common stock. The shares were sold at a weighted average price of $102.55 per share, resulting in a total transaction value of approximately $273,705. According to InvestingPro data, PFSI’s stock has shown significant volatility, with analyst price targets ranging from $111 to $141, suggesting potential upside from current levels.
Following the sale, Tidmore holds 4,878 restricted stock units, which will convert into an equal number of shares of common stock upon vesting. The transaction was executed on March 24, 2025, and reflects Tidmore’s ongoing management of her equity holdings in the company. PennyMac Financial Services, with a market capitalization of $5.29 billion, is headquartered in Westlake Village, California, and operates in the mortgage banking and loan correspondent industry. The company has demonstrated strong performance with 27.47% revenue growth in the last twelve months. For deeper insights into PFSI’s financial health and growth prospects, including 8 additional ProTips, check out the comprehensive research available on InvestingPro.
In other recent news, PennyMac Financial Services, Inc. reported its fourth-quarter 2024 earnings, revealing a diluted earnings per share (EPS) of $1.95, which fell short of the forecasted $3.03. The company’s revenue also missed expectations, coming in at $470.11 million against the anticipated $531.7 million. Despite these misses, PennyMac announced an offering of $850 million in senior notes due 2033, with proceeds earmarked for repaying certain secured borrowings. Additionally, PennyMac disclosed plans for another $650 million senior notes offering, contingent upon market conditions, to further manage debt obligations.
The company reported a net income of $104 million and an annualized return on equity (ROE) of 11%, with strong growth in loan originations and servicing portfolio. Analysts noted that PennyMac’s operating ROE is projected to be in the mid to high teens for 2025, indicating continued efficiency gains and portfolio growth. In the realm of analyst ratings, there were no specific upgrades or downgrades mentioned, but firms like Wells Fargo (NYSE:WFC) and Piper Sandler were active in discussions during the earnings call. PennyMac’s strategic financial maneuvers reflect its ongoing efforts to manage debt and strengthen corporate finances amidst market volatility.
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