PennyMac Financial Services Inc (NYSE:PFSI) insider David M. Walker sold 10,000 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $22.59, for a total value of $225,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Thursday, November 16th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $18.98, for a total value of $189,800.00.
  • On Tuesday, November 14th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $18.63, for a total value of $186,300.00.
  • On Monday, October 16th, David M. Walker sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $18.13, for a total value of $90,650.00.
  • On Tuesday, October 17th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $18.17, for a total value of $181,700.00.

Shares of PennyMac Financial Services Inc (NYSE PFSI) opened at $22.75 on Friday. PennyMac Financial Services Inc has a 52 week low of $15.65 and a 52 week high of $24.00. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $529.82, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 1.62 and a beta of 0.68.

PennyMac Financial Services (NYSE:PFSI) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.71 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.71. PennyMac Financial Services had a return on equity of 4.11% and a net margin of 6.47%. The company had revenue of $250.64 million during the quarter, compared to analyst estimates of $238.59 million. PennyMac Financial Services’s revenue for the quarter was down 14.0% on a year-over-year basis. equities analysts anticipate that PennyMac Financial Services Inc will post 2.29 earnings per share for the current year.

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods cut PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a report on Monday. Zacks Investment Research raised PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Saturday, January 6th. Barclays set a $25.00 price target on PennyMac Financial Services and gave the stock a “buy” rating in a report on Tuesday, December 12th. ValuEngine raised PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 15th. Finally, BidaskClub raised PennyMac Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $23.75.

Several hedge funds have recently bought and sold shares of PFSI. Schwab Charles Investment Management Inc. grew its position in shares of PennyMac Financial Services by 63.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 29,800 shares of the real estate investment trust’s stock valued at $498,000 after purchasing an additional 11,600 shares in the last quarter. Rhumbline Advisers grew its position in shares of PennyMac Financial Services by 16.7% in the second quarter. Rhumbline Advisers now owns 18,085 shares of the real estate investment trust’s stock valued at $302,000 after purchasing an additional 2,585 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of PennyMac Financial Services by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 105,934 shares of the real estate investment trust’s stock valued at $1,769,000 after purchasing an additional 2,352 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of PennyMac Financial Services by 17.6% in the second quarter. Victory Capital Management Inc. now owns 6,964 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 1,042 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of PennyMac Financial Services by 2.8% in the second quarter. JPMorgan Chase & Co. now owns 397,176 shares of the real estate investment trust’s stock valued at $6,633,000 after purchasing an additional 10,969 shares in the last quarter. Institutional investors and hedge funds own 90.83% of the company’s stock.

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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. The Company operates through three segments: loan production, loan servicing and investment management.

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

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