PennyMac Financial Services, Inc. (NYSE:PFSI) Insider Sells $42,180.80 in Stock

PennyMac Financial Services, Inc. (NYSE:PFSI) insider Mark Elbaum sold 410 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $102.88, for a total transaction of $42,180.80. Following the transaction, the insider now directly owns 4,207 shares in the company, valued at approximately $432,816.16. This represents a 8.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

PennyMac Financial Services Price Performance

Shares of NYSE:PFSI traded down $7.94 during midday trading on Monday, hitting $95.75. The stock had a trading volume of 1,005,964 shares, compared to its average volume of 290,230. The company has a quick ratio of 0.38, a current ratio of 0.26 and a debt-to-equity ratio of 3.22. The company has a market capitalization of $4.92 billion, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 0.19 and a beta of 1.73. The company’s 50-day moving average price is $102.33 and its 200-day moving average price is $104.09. PennyMac Financial Services, Inc. has a fifty-two week low of $83.03 and a fifty-two week high of $119.13.

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

PennyMac Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, February 23rd. Investors of record on Thursday, February 13th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.20 annualized dividend and a dividend yield of 1.25%. PennyMac Financial Services’s dividend payout ratio is currently 20.55%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. TD Waterhouse Canada Inc. bought a new position in shares of PennyMac Financial Services in the fourth quarter worth about $39,000. Sterling Capital Management LLC lifted its stake in PennyMac Financial Services by 601.8% in the 4th quarter. Sterling Capital Management LLC now owns 400 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 343 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of PennyMac Financial Services during the fourth quarter worth $71,000. Parkside Financial Bank & Trust grew its stake in shares of PennyMac Financial Services by 54.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,100 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 389 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of PennyMac Financial Services by 15.6% during the fourth quarter. KBC Group NV now owns 1,549 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 209 shares in the last quarter. Institutional investors own 57.87% of the company’s stock.

Wall Street Analyst Weigh In

PFSI has been the topic of several recent research reports. 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 report on Friday, January 31st. Keefe, Bruyette & Woods lowered their price objective on PennyMac Financial Services from $112.00 to $111.00 and set a “market perform” rating on the stock in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.17.

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.