PennyMac Financial Services, Inc. (NYSE:PFSI) Insider Sells $562,000.00 in Stock

PennyMac Financial Services, Inc. (NYSE:PFSI) insider David M. Walker sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 17th. The stock was sold at an average price of $56.20, for a total value of $562,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Wednesday, November 4th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $55.60, for a total value of $556,000.00.
  • On Thursday, October 22nd, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $56.67, for a total value of $566,700.00.
  • On Thursday, October 8th, David M. Walker sold 20,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $60.17, for a total value of $1,203,400.00.
  • On Friday, September 18th, David M. Walker sold 20,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $58.21, for a total value of $1,164,200.00.
  • On Tuesday, September 1st, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $52.89, for a total value of $528,900.00.

Shares of PennyMac Financial Services stock opened at $56.12 on Friday. The company has a market capitalization of $4.07 billion, a PE ratio of 4.88 and a beta of 1.14. PennyMac Financial Services, Inc. has a 12 month low of $13.14 and a 12 month high of $67.77. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.74. The stock’s fifty day simple moving average is $58.25 and its 200 day simple moving average is $47.19.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported $7.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.92 by $1.11. The business had revenue of $855.30 million for the quarter, compared to the consensus estimate of $928.98 million. PennyMac Financial Services had a return on equity of 42.33% and a net margin of 37.77%. The company’s revenue was up 262.9% compared to the same quarter last year. Analysts predict that PennyMac Financial Services, Inc. will post 17.99 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 16th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Friday, November 13th. PennyMac Financial Services’s payout ratio is presently 12.27%.

PFSI has been the topic of several research reports. Piper Sandler upped their price objective on PennyMac Financial Services from $79.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, November 6th. JMP Securities increased their price target on PennyMac Financial Services from $40.00 to $65.00 in a research note on Friday, August 28th. Barclays increased their price target on PennyMac Financial Services from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, November 10th. They noted that the move was a valuation call. Credit Suisse Group increased their price target on PennyMac Financial Services from $67.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, November 9th. They noted that the move was a valuation call. Finally, Wells Fargo & Company increased their price target on PennyMac Financial Services from $62.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, September 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. PennyMac Financial Services currently has an average rating of “Buy” and an average target price of $64.63.

A number of institutional investors have recently modified their holdings of the stock. IFP Advisors Inc increased its holdings in PennyMac Financial Services by 520.8% during the 3rd quarter. IFP Advisors Inc now owns 596 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 500 shares in the last quarter. Duncker Streett & Co. Inc. bought a new position in PennyMac Financial Services during the 3rd quarter worth about $35,000. Kore Private Wealth LLC bought a new position in PennyMac Financial Services during the 2nd quarter worth about $30,000. USA Financial Portformulas Corp bought a new position in PennyMac Financial Services during the 3rd quarter worth about $42,000. Finally, Nisa Investment Advisors LLC bought a new position in PennyMac Financial Services during the 3rd quarter worth about $52,000. 53.11% of the stock is currently owned by institutional investors and hedge funds.

About PennyMac Financial Services

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.

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

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