PennyMac Financial Services, Inc. (NYSE:PFSI) CRO Abbie Tidmore Sells 2,669 Shares of Stock

PennyMac Financial Services, Inc. (NYSE:PFSI) CRO Abbie Tidmore sold 2,669 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $102.55, for a total transaction of $273,705.95. Following the transaction, the executive now owns 4,878 shares in the company, valued at approximately $500,238.90. This trade represents a 35.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

PennyMac Financial Services Stock Performance

Shares of PFSI opened at $102.59 on Wednesday. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.26 and a quick ratio of 0.38. PennyMac Financial Services, Inc. has a one year low of $83.03 and a one year high of $119.13. The company’s fifty day moving average price is $103.31 and its 200 day moving average price is $104.68. The company has a market capitalization of $5.28 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 0.19 and a beta of 1.90.

PennyMac Financial Services (NYSE:PFSI) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $2.88 EPS for the quarter, missing analysts’ consensus estimates 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, analysts expect that PennyMac Financial Services, Inc. will post 13.77 earnings per share for the current year.

PennyMac Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, February 23rd. Stockholders of record on Thursday, February 13th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, February 13th. PennyMac Financial Services’s dividend payout ratio is currently 20.55%.

Institutional Investors Weigh In On PennyMac Financial Services

Hedge funds have recently made changes to their positions in the stock. State Street Corp raised its holdings in PennyMac Financial Services by 6.0% in the 3rd quarter. State Street Corp now owns 911,741 shares of the real estate investment trust’s stock valued at $103,911,000 after acquiring an additional 51,777 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of PennyMac Financial Services by 2.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 954,713 shares of the real estate investment trust’s stock valued at $108,809,000 after buying an additional 21,751 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of PennyMac Financial Services by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 453,810 shares of the real estate investment trust’s stock worth $46,352,000 after acquiring an additional 6,459 shares during the period. XTX Topco Ltd acquired a new stake in shares of PennyMac Financial Services during the 3rd quarter valued at about $614,000. Finally, HighTower Advisors LLC bought a new stake in PennyMac Financial Services in the third quarter valued at about $702,000. Institutional investors own 57.87% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on PFSI shares. Piper Sandler lowered their target price on shares of PennyMac Financial Services from $132.00 to $130.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Keefe, Bruyette & Woods decreased their price target on PennyMac Financial Services from $112.00 to $111.00 and set a “market perform” rating for the company in a research note on Tuesday, December 10th. One equities research 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. According to MarketBeat.com, PennyMac Financial Services has a consensus rating of “Moderate Buy” and an average target price of $122.17.

PennyMac Financial Services Company Profile

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.