PennyMac Financial Services, Inc. (NYSE:PFSI) insider Jeffrey Grogin sold 3,000 shares of PennyMac Financial Services stock in a transaction on Monday, September 25th. The shares were sold at an average price of $17.60, for a total value of $52,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jeffrey Grogin also recently made the following trade(s):

  • On Wednesday, September 27th, Jeffrey Grogin sold 2,712 shares of PennyMac Financial Services stock. The shares were sold at an average price of $18.00, for a total value of $48,816.00.
  • On Tuesday, September 26th, Jeffrey Grogin sold 6,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $17.65, for a total value of $105,900.00.
  • On Friday, September 22nd, Jeffrey Grogin sold 6,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $17.50, for a total value of $105,000.00.
  • On Tuesday, September 19th, Jeffrey Grogin sold 3,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $17.47, for a total value of $52,410.00.
  • On Monday, September 18th, Jeffrey Grogin sold 9,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $17.11, for a total value of $153,990.00.
  • On Tuesday, September 12th, Jeffrey Grogin sold 3,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $16.87, for a total value of $50,610.00.
  • On Monday, September 11th, Jeffrey Grogin sold 3,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $16.60, for a total value of $49,800.00.
  • On Wednesday, September 13th, Jeffrey Grogin sold 9,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $16.76, for a total value of $150,840.00.
  • On Friday, September 8th, Jeffrey Grogin sold 9,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $16.72, for a total value of $150,480.00.
  • On Tuesday, September 5th, Jeffrey Grogin sold 18,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $17.04, for a total value of $306,720.00.

PennyMac Financial Services, Inc. (PFSI) opened at 17.80 on Friday. The stock’s 50 day moving average price is $17.11 and its 200-day moving average price is $16.88. The firm has a market cap of $418.48 million, a PE ratio of 6.02 and a beta of 0.61. PennyMac Financial Services, Inc. has a 12-month low of $15.65 and a 12-month high of $19.35.

PennyMac Financial Services (NYSE:PFSI) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.22). The business had revenue of $201.72 million for the quarter, compared to the consensus estimate of $181.89 million. PennyMac Financial Services had a net margin of 6.87% and a return on equity of 4.79%. Equities research analysts anticipate that PennyMac Financial Services, Inc. will post $2.64 earnings per share for the current fiscal year.

PennyMac Financial Services announced that its board has initiated a stock buyback plan on Wednesday, June 21st that allows the company to buyback $50.00 million in shares. This buyback authorization allows the real estate investment trust to buy up to 137% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

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PFSI has been the subject of a number of research analyst reports. BidaskClub raised PennyMac Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday. Piper Jaffray Companies reissued a “buy” rating on shares of PennyMac Financial Services in a report on Tuesday, September 19th. ValuEngine cut PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 17th. TheStreet cut PennyMac Financial Services from a “b-” rating to a “c+” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research cut PennyMac Financial Services from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. PennyMac Financial Services presently has an average rating of “Hold” and an average target price of $19.80.

Large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. bought a new stake in PennyMac Financial Services during the first quarter valued at $101,000. Citigroup Inc. boosted its stake in PennyMac Financial Services by 1,652.1% during the second quarter. Citigroup Inc. now owns 6,150 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 5,799 shares during the period. American International Group Inc. boosted its stake in PennyMac Financial Services by 7.2% during the first quarter. American International Group Inc. now owns 8,384 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 562 shares during the period. Voya Investment Management LLC bought a new stake in PennyMac Financial Services during the second quarter valued at $174,000. Finally, Menta Capital LLC bought a new stake in PennyMac Financial Services during the first quarter valued at $202,000. 86.57% of the stock is owned by institutional investors.

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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