PennyMac Financial Services, Inc. (NYSE:PFSI) Insider James Follette Sells 1,983 Shares

PennyMac Financial Services, Inc. (NYSE:PFSI) insider James Follette sold 1,983 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $99.93, for a total value of $198,161.19. Following the completion of the transaction, the insider now directly owns 10,497 shares of the company’s stock, valued at approximately $1,048,965.21. The trade was a 15.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

PennyMac Financial Services Price Performance

Shares of PFSI opened at $103.61 on Friday. The business has a 50-day moving average of $103.60 and a 200-day moving average of $105.04. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.26 and a quick ratio of 0.38. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 0.19 and a beta of 1.78. PennyMac Financial Services, Inc. has a 1 year low of $83.03 and a 1 year high of $119.13.

PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $2.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.21). PennyMac Financial Services had a return on equity of 16.61% and a net margin of 19.54%. As a group, equities research analysts anticipate that PennyMac Financial Services, Inc. will post 13.77 earnings per share for the current year.

PennyMac Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, February 23rd. Investors of record on Thursday, February 13th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.20 annualized dividend and a yield of 1.16%. PennyMac Financial Services’s payout ratio is 20.55%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Piper Sandler reduced their price target on PennyMac Financial Services from $132.00 to $130.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Keefe, Bruyette & Woods reduced their target price on shares of PennyMac Financial Services from $112.00 to $111.00 and set a “market perform” rating on the stock in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.17.

Institutional Trading of PennyMac Financial Services

A number of institutional investors have recently bought and sold shares of PFSI. Summit Investment Advisors Inc. lifted its stake in shares of PennyMac Financial Services by 5.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,797 shares of the real estate investment trust’s stock valued at $286,000 after purchasing an additional 154 shares during the period. KBC Group NV increased its holdings in PennyMac Financial Services by 15.6% in the fourth quarter. KBC Group NV now owns 1,549 shares of the real estate investment trust’s stock worth $158,000 after purchasing an additional 209 shares in the last quarter. Blue Trust Inc. increased its holdings in PennyMac Financial Services by 59.5% in the third quarter. Blue Trust Inc. now owns 702 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 262 shares in the last quarter. Quantbot Technologies LP lifted its stake in PennyMac Financial Services by 23.7% in the third quarter. Quantbot Technologies LP now owns 1,516 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 290 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new position in shares of PennyMac Financial Services during the 3rd quarter worth approximately $37,000. Institutional investors own 57.87% of the company’s stock.

About PennyMac Financial Services

PennyMac Financial Services, Inc, through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. The company operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans.