PennyMac Financial Services Inc (NYSE:PFSI) Insider Sells $176,500.00 in Stock

PennyMac Financial Services Inc (NYSE:PFSI) insider David M. Walker sold 5,000 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

David M. Walker also recently made the following trade(s):

  • On Thursday, January 23rd, David M. Walker sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $33.83, for a total transaction of $169,150.00.
  • On Tuesday, January 7th, David M. Walker sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $33.52, for a total transaction of $167,600.00.

PennyMac Financial Services stock opened at $35.13 on Friday. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 7.25, a PEG ratio of 0.64 and a beta of 0.44. PennyMac Financial Services Inc has a one year low of $20.36 and a one year high of $39.57. The company’s fifty day moving average price is $34.52 and its two-hundred day moving average price is $31.74.

PennyMac Financial Services (NYSE:PFSI) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $1.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.31. The firm had revenue of $490.38 million for the quarter, compared to the consensus estimate of $454.75 million. PennyMac Financial Services had a net margin of 26.60% and a return on equity of 21.86%. As a group, sell-side analysts anticipate that PennyMac Financial Services Inc will post 5.51 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Friday, February 14th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, February 13th. PennyMac Financial Services’s dividend payout ratio is currently 9.82%.

Several equities analysts have commented on the stock. ValuEngine downgraded shares of PennyMac Financial Services from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 26th. Barclays reissued a “buy” rating and set a $37.00 target price on shares of PennyMac Financial Services in a research report on Friday, October 25th. Wedbush increased their target price on shares of PennyMac Financial Services from $34.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Zacks Investment Research raised shares of PennyMac Financial Services from a “hold” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a research report on Wednesday, February 5th. Finally, Piper Jaffray Companies increased their target price on shares of PennyMac Financial Services from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $37.14.

Several large investors have recently modified their holdings of the company. California State Teachers Retirement System grew its position in shares of PennyMac Financial Services by 1.2% in the third quarter. California State Teachers Retirement System now owns 38,926 shares of the real estate investment trust’s stock valued at $1,183,000 after purchasing an additional 465 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of PennyMac Financial Services by 17.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,472 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 526 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of PennyMac Financial Services by 8.2% in the third quarter. Meeder Asset Management Inc. now owns 6,960 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 529 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in shares of PennyMac Financial Services by 1.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 64,602 shares of the real estate investment trust’s stock valued at $2,199,000 after purchasing an additional 623 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of PennyMac Financial Services by 76.5% in the fourth quarter. US Bancorp DE now owns 1,537 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 666 shares during the last quarter. 51.10% of the stock is currently owned by institutional investors.

PennyMac Financial Services Company Profile

PennyMac Financial Services, Inc, through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. It operates through three segments: Loan Production, Loan Servicing, and Investment Management. The Loan Production segment is involved in the origination, acquisition, and sale of mortgage loans.

Further Reading: FinTech

Insider Buying and Selling by Quarter for PennyMac Financial Services (NYSE:PFSI)

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