PennyMac Financial Services, Inc. (NYSE:PFSI) insider David M. Walker sold 10,000 shares of the stock in a transaction that occurred on Friday, January 13th. The shares were sold at an average price of $16.14, for a total transaction of $161,400.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of PennyMac Financial Services, Inc. (NYSE:PFSI) opened at 16.10 on Friday. The company’s 50-day moving average is $17.26 and its 200-day moving average is $16.04. The stock has a market cap of $359.17 million, a PE ratio of 6.33 and a beta of 0.56. PennyMac Financial Services, Inc. has a 52-week low of $10.48 and a 52-week high of $19.35.

PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings results on Thursday, November 3rd. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.16. The business had revenue of $291.40 million for the quarter, compared to the consensus estimate of $259.79 million. PennyMac Financial Services had a net margin of 6.76% and a return on equity of 4.88%. The business’s revenue was up 54.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 EPS. Equities analysts anticipate that PennyMac Financial Services, Inc. will post $2.74 EPS for the current year.

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

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A number of equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of PennyMac Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, January 4th. Nomura reiterated a “buy” rating and set a $20.00 price objective on shares of PennyMac Financial Services in a research note on Friday, November 4th. JMP Securities reiterated a “buy” rating on shares of PennyMac Financial Services in a research note on Friday, November 4th. Finally, Bank of America Corporation downgraded shares of PennyMac Financial Services from a “neutral” rating to an “underperform” rating and set a $18.00 price objective on the stock. in a research note on Thursday, December 15th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $17.85.

Large investors have recently added to or reduced their stakes in the stock. MSI Financial Services Inc acquired a new position in shares of PennyMac Financial Services during the third quarter worth $121,000. The Manufacturers Life Insurance Company acquired a new position in shares of PennyMac Financial Services during the third quarter worth $189,000. Metropolitan Life Insurance Co. NY acquired a new position in shares of PennyMac Financial Services during the second quarter worth $139,000. 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 period. Finally, Rhumbline Advisers boosted its position in shares of PennyMac Financial Services by 1.0% in the third quarter. Rhumbline Advisers now owns 15,192 shares of the real estate investment trust’s stock worth $258,000 after buying an additional 150 shares during the period. 90.50% of the stock is currently owned by institutional investors and hedge funds.

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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