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

Shares of PennyMac Financial Services, Inc. (NYSE:PFSI - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $115.86.

A number of equities research analysts have recently commented on PFSI shares. Wells Fargo & Company raised their price objective on shares of PennyMac Financial Services from $110.00 to $125.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Piper Sandler raised their price target on shares of PennyMac Financial Services from $125.00 to $132.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Barclays upped their price objective on shares of PennyMac Financial Services from $112.00 to $125.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods cut PennyMac Financial Services from an "outperform" rating to a "market perform" rating and set a $102.00 target price on the stock. in a research report on Monday, July 22nd. Finally, Wedbush reaffirmed an "outperform" rating and issued a $130.00 price target on shares of PennyMac Financial Services in a report on Wednesday, October 23rd.

PennyMac Financial Services Stock Performance

Shares of NYSE PFSI traded down $0.59 during mid-day trading on Wednesday, hitting $101.77. The stock had a trading volume of 571,921 shares, compared to its average volume of 257,263. The firm has a market cap of $5.21 billion, a PE ratio of 32.10 and a beta of 1.79. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.38 and a current ratio of 0.38. The company has a 50 day moving average of $107.84 and a two-hundred day moving average of $98.99. PennyMac Financial Services has a twelve month low of $70.29 and a twelve month high of $119.13.

PennyMac Financial Services (NYSE:PFSI - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($1.62). PennyMac Financial Services had a return on equity of 15.13% and a net margin of 11.45%. The business had revenue of $411.83 million for the quarter, compared to analysts' expectations of $513.12 million. During the same period last year, the business earned $1.77 EPS. The company's revenue for the quarter was up 2.9% on a year-over-year basis. Research analysts predict that PennyMac Financial Services will post 11.88 EPS for the current fiscal year.

PennyMac Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, November 18th. This represents a $1.20 annualized dividend and a yield of 1.18%. PennyMac Financial Services's dividend payout ratio (DPR) is currently 38.10%.

Insider Activity

In other PennyMac Financial Services news, insider Steven Richard Bailey sold 14,130 shares of PennyMac Financial Services stock in a transaction on Monday, September 16th. The shares were sold at an average price of $116.88, for a total transaction of $1,651,514.40. Following the sale, the insider now owns 14,670 shares of the company's stock, valued at $1,714,629.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other PennyMac Financial Services news, insider Steven Richard Bailey sold 14,130 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $116.88, for a total value of $1,651,514.40. Following the transaction, the insider now directly owns 14,670 shares of the company's stock, valued at $1,714,629.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David Spector sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $99.31, for a total value of $993,100.00. Following the completion of the sale, the chief executive officer now owns 210,604 shares of the company's stock, valued at $20,915,083.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 89,855 shares of company stock worth $9,647,599 over the last quarter. 16.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PFSI. KBC Group NV increased its stake in PennyMac Financial Services by 20.3% during the third quarter. KBC Group NV now owns 1,340 shares of the real estate investment trust's stock worth $153,000 after acquiring an additional 226 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of PennyMac Financial Services during the third quarter valued at about $280,000. GSA Capital Partners LLP purchased a new stake in shares of PennyMac Financial Services in the 3rd quarter valued at approximately $347,000. Summit Global Investments purchased a new position in shares of PennyMac Financial Services during the 3rd quarter worth approximately $605,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in PennyMac Financial Services in the 3rd quarter valued at approximately $37,000. Institutional investors and hedge funds own 57.87% of the company's stock.

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.