PennyMac Financial Services, Inc. (NYSE:PFSI) Given Average Rating of "Moderate Buy" by Brokerages

Shares of PennyMac Financial Services, Inc. (NYSE:PFSI - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $122.17.

Several equities analysts recently commented on PFSI shares. Piper Sandler dropped 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. Keefe, Bruyette & Woods dropped their target price 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. Wedbush reiterated an "outperform" rating and issued a $130.00 target price on shares of PennyMac Financial Services in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company upped their target price on PennyMac Financial Services from $110.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th.

Insider Transactions at PennyMac Financial Services

In related news, CAO Gregory L. Hendry sold 3,032 shares of the business's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $102.09, for a total value of $309,536.88. Following the transaction, the chief accounting officer now owns 48,040 shares in the company, valued at approximately $4,904,403.60. The trade was a 5.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Doug Jones sold 600 shares of the business's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $102.04, for a total value of $61,224.00. Following the completion of the transaction, the director now owns 23,892 shares in the company, valued at approximately $2,437,939.68. This trade represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 127,344 shares of company stock valued at $12,979,181 over the last quarter. Company insiders own 16.60% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Creative Planning raised its stake in PennyMac Financial Services by 17.7% during the third quarter. Creative Planning now owns 5,856 shares of the real estate investment trust's stock valued at $667,000 after buying an additional 879 shares in the last quarter. nVerses Capital LLC acquired a new stake in PennyMac Financial Services during the third quarter valued at approximately $285,000. Blue Trust Inc. raised its stake in PennyMac Financial Services by 59.5% during the third quarter. Blue Trust Inc. now owns 702 shares of the real estate investment trust's stock valued at $80,000 after buying an additional 262 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in PennyMac Financial Services during the third quarter valued at approximately $37,000. Finally, Summit Global Investments acquired a new stake in PennyMac Financial Services during the third quarter valued at approximately $605,000. Institutional investors and hedge funds own 57.87% of the company's stock.

PennyMac Financial Services Price Performance

Shares of NYSE PFSI traded up $0.76 during trading on Friday, reaching $101.79. The company had a trading volume of 248,015 shares, compared to its average volume of 365,020. The stock has a market capitalization of $5.22 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 0.20 and a beta of 1.78. The stock has a 50-day moving average price of $103.85 and a two-hundred day moving average price of $104.73. PennyMac Financial Services has a twelve month low of $83.03 and a twelve month high of $119.13. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 2.75.

PennyMac Financial Services (NYSE:PFSI - Get Free Report) last released its earnings results 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 16.80%. As a group, sell-side analysts predict that PennyMac Financial Services will post 13.98 earnings per share for the current year.

PennyMac Financial Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, February 23rd. Stockholders of record on Thursday, February 13th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, February 13th. PennyMac Financial Services's payout ratio is 20.55%.

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.