PennyMac Financial Services, Inc. (NYSE:PFSI) insider David M. Walker sold 10,000 shares of the stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $18.09, for a total transaction of $180,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Wednesday, September 20th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $17.55, for a total transaction of $175,500.00.
  • On Thursday, September 7th, David M. Walker sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $16.72, for a total transaction of $83,600.00.
  • On Thursday, August 24th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were 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 shares were 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 shares were sold at an average price of $16.99, for a total transaction of $169,900.00.

Shares of PennyMac Financial Services, Inc. (PFSI) traded up 0.83% during trading on Tuesday, hitting $18.25. 71,996 shares of the stock were exchanged. PennyMac Financial Services, Inc. has a one year low of $15.65 and a one year high of $19.35. The stock’s 50 day moving average price is $17.36 and its 200 day moving average price is $16.93. The stock has a market cap of $429.06 million, a PE ratio of 6.17 and a beta of 0.61.

PennyMac Financial Services (NYSE:PFSI) last posted its quarterly earnings results 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 firm had revenue of $201.72 million for the quarter, compared to analyst estimates 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 predict that PennyMac Financial Services, Inc. will post $2.64 EPS for the current year.

PennyMac Financial Services declared that its Board of Directors has approved a share buyback program on Wednesday, June 21st that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 137% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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Several equities analysts have commented on PFSI shares. Piper Jaffray Companies reiterated a “buy” rating on shares of PennyMac Financial Services in a research note on Tuesday, September 19th. ValuEngine lowered shares of PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 17th. BidaskClub upgraded shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, Zacks Investment Research lowered shares of PennyMac Financial Services from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $20.25.

Institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its stake in PennyMac Financial Services by 18.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 13,390 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 2,094 shares during the last quarter. Vanguard Group Inc. grew its stake in PennyMac Financial Services by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 1,544,525 shares of the real estate investment trust’s stock worth $26,334,000 after buying an additional 105,654 shares during the last quarter. New England Research & Management Inc. bought a new position in PennyMac Financial Services during the 2nd quarter worth $464,000. Dimensional Fund Advisors LP grew its stake in PennyMac Financial Services by 30.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 404,802 shares of the real estate investment trust’s stock worth $6,902,000 after buying an additional 95,626 shares during the last quarter. Finally, Menta Capital LLC bought a new position in PennyMac Financial Services during the 1st quarter worth $202,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

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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