PennyMac Financial Services, Inc. (NYSE:PFSI) insider David M. Walker sold 5,000 shares of PennyMac Financial Services stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $16.72, for a total transaction of $83,600.00. 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, August 24th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $17.05, for a total transaction of $170,500.00.
  • On Thursday, July 27th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $17.62, for a total transaction of $176,200.00.
  • On Wednesday, July 12th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.99, for a total transaction of $169,900.00.
  • On Tuesday, June 27th, David M. Walker sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.61, for a total transaction of $83,050.00.
  • On Wednesday, June 28th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.74, for a total transaction of $167,400.00.

Shares of PennyMac Financial Services, Inc. (PFSI) traded up 0.90% during trading on Friday, hitting $16.85. 170,724 shares of the stock traded hands. PennyMac Financial Services, Inc. has a 52 week low of $15.65 and a 52 week high of $19.35. The firm’s 50-day moving average price is $17.20 and its 200-day moving average price is $16.94. The company has a market cap of $396.14 million, a price-to-earnings ratio of 5.70 and a beta of 0.61.

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

PennyMac Financial Services announced that its Board of Directors has authorized a share repurchase plan on Wednesday, June 21st that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 137% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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Large investors have recently made changes to their positions in the business. Victory Capital Management Inc. bought a new stake in PennyMac Financial Services in the first quarter valued at $101,000. Citigroup Inc. grew its position in PennyMac Financial Services by 1,652.1% in the second quarter. Citigroup Inc. now owns 6,150 shares of the real estate investment trust’s stock valued at $103,000 after acquiring an additional 5,799 shares during the period. American International Group Inc. grew its position in PennyMac Financial Services by 7.2% in 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 acquiring an additional 562 shares during the period. Voya Investment Management LLC bought a new stake in PennyMac Financial Services in the second quarter valued at $174,000. Finally, Menta Capital LLC bought a new stake in PennyMac Financial Services in the first quarter valued at $202,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

A number of research firms have commented on PFSI. TheStreet downgraded shares of PennyMac Financial Services from a “b-” rating to a “c+” rating in a report on Friday, June 2nd. ValuEngine raised shares of PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a report on Friday, June 23rd. Finally, Zacks Investment Research downgraded shares of PennyMac Financial Services from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $19.86.

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. 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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