Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

PENNYMAC FINANCIAL SERVICES, INC.

(PFSI)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

PENNYMAC FINANCIAL SERVICES, INC. : Change in Directors or Principal Officers, Other Events, Financial Statements and Exhibits (form 8-K)

11/18/2021 | 04:33pm EST

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 18, 2021, PennyMac Financial Services, Inc. (the "Company") announced that Andrew S. Chang has decided to step down as the Company's Senior Managing Director and Chief Operating Officer on December 31, 2021, in order to pursue other interests. Mr. Chang will assume a new position as Special Advisor to the Company's Chairman and Chief Executive Officer. A copy of the press release reporting the organizational change is filed as Exhibit 99.1 and is incorporated by reference herein.


Item 8.01 Other Events.


The Company also settled a privately negotiated transaction with Kurland Family Investments, LLC ("KFI") to repurchase 225,000 shares of the Company's common stock at a purchase price of approximately $14 million. Following the privately negotiated transaction, the number of shares of PFSI common stock beneficially owned by KFI has been reduced to less than 35,000, which KFI has indicated that it intends to use for a charitable donation.

Item 9.01 Financial Statements and Exhibits.




(d) Exhibits.



Exhibit No.   Description

  99.1          Press Release, dated November 18, 2021, pertaining to
              organizational changes.

104           Cover Page Interactive Data File (embedded within the Inline XBRL
              document).

© Edgar Online, source Glimpses

All news about PENNYMAC FINANCIAL SERVICES, INC.
01/18INSIDER SELL : Pennymac Financial Services
MT
01/10Barclays Adjusts PennyMac Financial Services Price Target to $113 From $103, Maintains ..
MT
01/10PennyMac Broker Direct Rebrands as Pennymac TPO, Bolstering Its Commitment to the Whole..
BU
2021INSIDER SELL : PennyMac Financial Services
MT
2021PennyMac Financial Services Names Chief Human Resources Officer
MT
2021PennyMac Expands Its Leadership Team Hiring Jenny Rhodes as Managing Director and Chief..
BU
2021Pennymac Financial Services, Inc. Hires Jenny Rhodes as Managing Director and Chief Hum..
CI
2021INSIDER BUY : PennyMac Financial Services
MT
2021INSIDER BUY : Pennymac Financial Services
MT
2021PennyMac Operations Chief to Step Down
MT
More news
Analyst Recommendations on PENNYMAC FINANCIAL SERVICES, INC.
More recommendations
Financials (USD)
Sales 2021 3 224 M - -
Net income 2021 1 049 M - -
Net Debt 2021 - - -
P/E ratio 2021 4,17x
Yield 2021 1,23%
Capitalization 3 836 M 3 836 M -
Capi. / Sales 2021 1,19x
Capi. / Sales 2022 1,42x
Nbr of Employees 7 261
Free-Float 89,8%
Chart PENNYMAC FINANCIAL SERVICES, INC.
Duration : Period :
PennyMac Financial Services, Inc. Technical Analysis Chart | PFSI | US70932M1071 | MarketScreener
Technical analysis trends PENNYMAC FINANCIAL SERVICES, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 64,98 $
Average target price 87,86 $
Spread / Average Target 35,2%
EPS Revisions
Managers and Directors
David A. Spector Chairman & Chief Executive Officer
Douglas E. Jones President & Chief Mortgage Banking Officer
Daniel Stanley Perotti Chief Financial Officer & Senior Managing Director
Lior Ofir Chief Information Officer & Senior MD
Vandad Fartaj Chief Investment Officer & Senior MD