PennyMac Financial Services Inc (PFSI) Insider Sells $81,450.00 in Stock

PennyMac Financial Services Inc (NYSE:PFSI) insider David M. Walker sold 5,000 shares of the stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of $16.29, for a total transaction of $81,450.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Wednesday, April 19th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.47, for a total transaction of $164,700.00.
  • On Wednesday, April 5th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.25, for a total transaction of $162,500.00.
  • On Wednesday, March 22nd, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.66, for a total transaction of $166,600.00.

Shares of PennyMac Financial Services Inc (NYSE:PFSI) traded up 0.452% on Friday, reaching $16.675. 149,498 shares of the company traded hands. The firm has a 50-day moving average price of $16.93 and a 200 day moving average price of $17.10. The company has a market capitalization of $379.16 million, a PE ratio of 5.662 and a beta of 0.56. PennyMac Financial Services Inc has a one year low of $11.10 and a one year high of $19.35.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings results on Thursday, February 2nd. The real estate investment trust reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.18. The company had revenue of $289.30 million for the quarter, compared to the consensus estimate of $248.26 million. PennyMac Financial Services had a net margin of 7.09% and a return on equity of 5.54%. The firm’s quarterly revenue was up 54.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 EPS. Equities analysts forecast that PennyMac Financial Services Inc will post $2.97 EPS for the current fiscal year.

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

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A number of hedge funds and other institutional investors have recently modified their holdings of PFSI. MSI Financial Services Inc acquired a new position in shares of PennyMac Financial Services during the third quarter worth approximately $121,000. Bessemer Group Inc. acquired a new position in shares of PennyMac Financial Services during the fourth quarter worth approximately $162,000. TD Asset Management Inc. boosted its position in shares of PennyMac Financial Services by 11.7% in the third quarter. TD Asset Management Inc. now owns 12,400 shares of the real estate investment trust’s stock worth $211,000 after buying an additional 1,300 shares during the last quarter. Origin Asset Management LLP acquired a new position in shares of PennyMac Financial Services during the fourth quarter worth approximately $268,000. Finally, Navellier & Associates Inc acquired a new position in shares of PennyMac Financial Services during the first quarter worth approximately $348,000. Institutional investors and hedge funds own 91.70% of the company’s stock.

PFSI has been the subject of several research reports. Zacks Investment Research raised shares of PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Thursday, December 29th. Compass Point upgraded shares of PennyMac Financial Services from a “neutral” rating to a “buy” rating in a report on Monday, February 6th. Instinet increased their target price on shares of PennyMac Financial Services from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, February 21st. JMP Securities cut shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 8th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $21.00 target price on shares of PennyMac Financial Services in a report on Thursday, April 6th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $19.44.

PennyMac Financial Services Company Profile

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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