David M. Walker Sells 10,000 Shares of PennyMac Financial Services Inc. (PFSI) Stock

PennyMac Financial Services Inc. (NYSE:PFSI) insider David M. Walker sold 10,000 shares of PennyMac Financial Services stock in a transaction on Friday, October 7th. The stock was sold at an average price of $16.34, for a total value of $163,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of PennyMac Financial Services Inc. (NYSE:PFSI) opened at 16.19 on Friday. The firm has a 50 day moving average price of $16.82 and a 200-day moving average price of $14.15. PennyMac Financial Services Inc. has a 12 month low of $10.48 and a 12 month high of $18.13. The firm has a market cap of $359.30 million, a PE ratio of 7.88 and a beta of 0.58.

PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings data on Wednesday, August 3rd. The real estate investment trust reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.07. PennyMac Financial Services had a net margin of 6.20% and a return on equity of 4.30%. The business earned $207.81 million during the quarter, compared to analysts’ expectations of $196.53 million. During the same quarter in the prior year, the company earned $0.59 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. On average, analysts predict that PennyMac Financial Services Inc. will post $2.47 EPS for the current fiscal year.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in PennyMac Financial Services by 2.0% in the second quarter. Vanguard Group Inc. now owns 1,259,303 shares of the real estate investment trust’s stock worth $15,728,000 after buying an additional 24,286 shares in the last quarter. Boston Partners boosted its stake in PennyMac Financial Services by 2,743.1% in the second quarter. Boston Partners now owns 681,896 shares of the real estate investment trust’s stock worth $8,517,000 after buying an additional 657,912 shares in the last quarter. Alliancebernstein L.P. boosted its stake in PennyMac Financial Services by 5.7% in the second quarter. Alliancebernstein L.P. now owns 274,450 shares of the real estate investment trust’s stock worth $3,428,000 after buying an additional 14,733 shares in the last quarter. State Street Corp boosted its stake in PennyMac Financial Services by 2.3% in the first quarter. State Street Corp now owns 233,715 shares of the real estate investment trust’s stock worth $2,747,000 after buying an additional 5,330 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in PennyMac Financial Services by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 158,542 shares of the real estate investment trust’s stock worth $1,980,000 after buying an additional 7,397 shares in the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.

Several analysts have recently commented on the company. Bank of America Corp. raised PennyMac Financial Services from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 12th. Zacks Investment Research raised PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Saturday, September 17th. Citigroup Inc. lifted their price objective on PennyMac Financial Services from $16.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, September 9th. JPMorgan Chase & Co. lifted their price objective on PennyMac Financial Services from $14.00 to $16.50 and gave the company a “neutral” rating in a research report on Friday, August 5th. Finally, Compass Point cut PennyMac Financial Services from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 28th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $17.94.

About PennyMac Financial Services

PennyMac Financial Services, Inc (PFSI) is a financial services company. The Company is focused on the production and servicing of the United States residential mortgage loans and the management of investments related to the United States mortgage market. It operates through three segments: loan production, loan servicing and investment management.

5 Day Chart for NYSE:PFSI

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