PennyMac Financial Services, Inc. (NYSE:PFSI - Get Free Report) insider Derek Stark sold 2,110 shares of PennyMac Financial Services stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $103.07, for a total value of $217,477.70. Following the completion of the transaction, the insider now owns 26,209 shares of the company's stock, valued at $2,701,361.63. The trade was a 7.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Derek Stark also recently made the following trade(s):
- On Tuesday, March 4th, Derek Stark sold 588 shares of PennyMac Financial Services stock. The shares were sold at an average price of $101.52, for a total value of $59,693.76.
PennyMac Financial Services Stock Up 0.8 %
PFSI stock traded up $0.81 during trading on Friday, hitting $101.82. 256,854 shares of the company's stock were exchanged, compared to its average volume of 339,433. The company has a current ratio of 0.26, a quick ratio of 0.38 and a debt-to-equity ratio of 3.22. PennyMac Financial Services, Inc. has a 52-week low of $83.03 and a 52-week high of $119.13. The business has a 50-day moving average price of $103.61 and a two-hundred day moving average price of $105.10. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 0.19 and a beta of 1.90.
PennyMac Financial Services (NYSE:PFSI - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $2.88 earnings per share for the quarter, missing analysts' consensus estimates 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 expect that PennyMac Financial Services, Inc. will post 13.77 EPS for the current year.
PennyMac Financial Services Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Sunday, February 23rd. Shareholders of record on Thursday, February 13th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Thursday, February 13th. PennyMac Financial Services's dividend payout ratio is currently 20.55%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on PFSI shares. Keefe, Bruyette & Woods decreased their price objective 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. Piper Sandler decreased their target price on PennyMac Financial Services from $132.00 to $130.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $122.17.
View Our Latest Stock Report on PennyMac Financial Services
Institutional Investors Weigh In On PennyMac Financial Services
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. lifted its stake in PennyMac Financial Services by 5.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,797 shares of the real estate investment trust's stock valued at $286,000 after buying an additional 154 shares during the last quarter. KBC Group NV lifted its stake 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 valued at $158,000 after buying an additional 209 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of 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 purchasing an additional 290 shares during the period. Harbor Capital Advisors Inc. acquired a new position in shares of PennyMac Financial Services in the third quarter valued at approximately $37,000. Finally, Sterling Capital Management LLC increased its holdings in shares of PennyMac Financial Services by 601.8% in the fourth 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 period. Hedge funds and other institutional investors own 57.87% of the company's stock.
PennyMac Financial Services Company Profile
(
Get Free Report)
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.
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