PennyMac Financial Services, Inc. (NYSE:PFSI) Insider Sells $470,007.20 in Stock

PennyMac Financial Services, Inc. (NYSE:PFSI) insider Derek Stark sold 5,255 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $89.44, for a total value of $470,007.20. Following the sale, the insider now directly owns 27,084 shares of the company’s stock, valued at $2,422,392.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

PennyMac Financial Services Trading Down 0.7 %

Shares of PFSI stock opened at $91.09 on Friday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.37 and a current ratio of 0.37. PennyMac Financial Services, Inc. has a 52-week low of $56.16 and a 52-week high of $94.78. The company has a market capitalization of $4.59 billion, a PE ratio of 33.61, a price-to-earnings-growth ratio of 0.60 and a beta of 1.66. The business’s fifty day moving average is $87.85 and its 200 day moving average is $79.92.

PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.75. PennyMac Financial Services had a return on equity of 7.69% and a net margin of 10.32%. The business had revenue of $361.94 million for the quarter, compared to the consensus estimate of $413.35 million. On average, equities research analysts anticipate that PennyMac Financial Services, Inc. will post 10.18 EPS for the current fiscal year.

PennyMac Financial Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 13th were issued a $0.20 dividend. The ex-dividend date was Monday, February 12th. This represents a $0.80 annualized dividend and a dividend yield of 0.88%. PennyMac Financial Services’s dividend payout ratio is currently 29.52%.

Analyst Ratings Changes

A number of brokerages recently commented on PFSI. StockNews.com raised PennyMac Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th. Wedbush increased their price target on PennyMac Financial Services from $85.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, January 2nd. Keefe, Bruyette & Woods downgraded PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 10th. UBS Group began coverage on PennyMac Financial Services in a research report on Wednesday, December 6th. They set a “neutral” rating and a $85.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft began coverage on PennyMac Financial Services in a report on Wednesday, January 10th. They set a “buy” rating and a $115.00 price objective for the company. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.25.

Institutional Trading of PennyMac Financial Services

Several large investors have recently modified their holdings of the business. Quadrature Capital Ltd bought a new stake in shares of PennyMac Financial Services in the fourth quarter worth about $967,000. Vanguard Group Inc. boosted its position in PennyMac Financial Services by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 2,610,041 shares of the real estate investment trust’s stock valued at $230,649,000 after acquiring an additional 19,748 shares in the last quarter. Virtu Financial LLC bought a new stake in PennyMac Financial Services during the 4th quarter valued at approximately $253,000. Mercer Global Advisors Inc. ADV boosted its position in PennyMac Financial Services by 9.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 30,394 shares of the real estate investment trust’s stock valued at $2,686,000 after acquiring an additional 2,664 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in PennyMac Financial Services by 0.8% during the 4th quarter. Legal & General Group Plc now owns 39,048 shares of the real estate investment trust’s stock valued at $3,451,000 after acquiring an additional 308 shares in the last quarter. 57.87% of the stock is 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. The company operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans.