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

PennyMac Financial Services Inc (NYSE:PFSI) insider David M. Walker sold 10,000 shares of PennyMac Financial Services stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $22.59, for a total transaction of $225,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction 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 transaction 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 transaction 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 transaction of $181,700.00.

PennyMac Financial Services Inc (NYSE PFSI) traded up $0.20 during trading on Wednesday, reaching $23.25. 106,448 shares of the company’s stock were exchanged, compared to its average volume of 195,327. The firm has a market cap of $544.94, a price-to-earnings ratio of 8.87, a price-to-earnings-growth ratio of 1.59 and a beta of 0.68. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.16 and a current ratio of 0.16. PennyMac Financial Services Inc has a 52-week low of $15.65 and a 52-week high of $24.00.

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

Large investors have recently bought and sold shares of the company. Citigroup Inc. increased its holdings in shares of PennyMac Financial Services by 1,652.1% during the 2nd quarter. Citigroup Inc. now owns 6,150 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 5,799 shares during the period. Victory Capital Management Inc. increased its holdings in shares of PennyMac Financial Services by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 6,964 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 1,042 shares during the period. Voya Investment Management LLC bought a new position in shares of PennyMac Financial Services during the 2nd quarter worth about $174,000. The Manufacturers Life Insurance Company increased its holdings in shares of PennyMac Financial Services by 11.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,732 shares of the real estate investment trust’s stock worth $213,000 after purchasing an additional 1,312 shares during the period. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of PennyMac Financial Services by 23.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,025 shares of the real estate investment trust’s stock worth $218,000 after purchasing an additional 2,489 shares during the period. Institutional investors own 90.83% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods lowered shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. Zacks Investment Research lowered shares of PennyMac Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. BidaskClub raised shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Piper Jaffray Companies reissued a “buy” rating on shares of PennyMac Financial Services in a research report on Tuesday, September 19th. Finally, Barclays set a $25.00 target price on shares of PennyMac Financial Services and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. PennyMac Financial Services currently has an average rating of “Buy” and an average target price of $23.75.

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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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