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

PennyMac Financial Services Inc (NYSE:PFSI) insider David M. Walker sold 10,000 shares of PennyMac Financial Services stock in a transaction that occurred on Wednesday, April 19th. The stock was sold at an average price of $16.47, for a total value of $164,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Tuesday, April 4th, David M. Walker sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.29, for a total value of $81,450.00.
  • 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 value 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 value of $166,600.00.

Shares of PennyMac Financial Services Inc (NYSE:PFSI) traded up 0.61% during midday trading on Thursday, reaching $16.60. The company’s stock had a trading volume of 127,584 shares. The stock has a 50-day moving average price of $16.97 and a 200-day moving average price of $17.10. PennyMac Financial Services Inc has a 52-week low of $11.10 and a 52-week high of $19.35. The stock has a market cap of $377.45 million, a price-to-earnings ratio of 5.64 and a beta of 0.56.

PennyMac Financial Services (NYSE:PFSI) last issued its earnings results on Thursday, February 2nd. The real estate investment trust reported $1.00 EPS for the quarter, beating the consensus estimate of $0.82 by $0.18. PennyMac Financial Services had a return on equity of 5.54% and a net margin of 7.09%. The business had revenue of $289.30 million for the quarter, compared to the consensus estimate of $248.26 million. During the same period last year, the business posted $0.58 EPS. The company’s revenue was up 54.5% compared to the same quarter last year. Equities research analysts anticipate that PennyMac Financial Services Inc will post $2.97 earnings per share 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 have recently modified their holdings of the stock. New Amsterdam Partners LLC NY acquired a new stake in shares of PennyMac Financial Services during the third quarter valued at approximately $4,479,000. TD Asset Management Inc. increased its stake 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 valued at $211,000 after buying an additional 1,300 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of PennyMac Financial Services by 3.6% in the third quarter. Prudential Financial Inc. now owns 64,185 shares of the real estate investment trust’s stock valued at $1,092,000 after buying an additional 2,230 shares in the last quarter. Boston Partners increased its stake in shares of PennyMac Financial Services by 3.6% in the third quarter. Boston Partners now owns 706,650 shares of the real estate investment trust’s stock valued at $12,020,000 after buying an additional 24,754 shares in the last quarter. Finally, SECOR Capital Advisors LP acquired a new stake in shares of PennyMac Financial Services during the third quarter valued at approximately $411,000. Institutional investors and hedge funds own 91.70% of the company’s stock.

PFSI has been the subject of a number of research analyst reports. Zacks Investment Research downgraded PennyMac Financial Services from a “buy” rating to a “hold” rating in a report on Friday, December 23rd. Compass Point upgraded PennyMac Financial Services from a “neutral” rating to a “buy” rating in a report on Monday, February 6th. JMP Securities downgraded PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 8th. Instinet lifted their target price on PennyMac Financial Services from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, February 21st. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $21.00 target price on shares of PennyMac Financial Services in a report on Thursday, April 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $19.44.

About PennyMac Financial Services

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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