PennyMac Financial Services, Inc. (NYSE:PFSI) Insider David M. Walker Sells 10,000 Shares

PennyMac Financial Services, Inc. (NYSE:PFSI) insider David M. Walker sold 10,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $18.98, for a total value of $189,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

David M. Walker also recently made the following trade(s):

  • On Tuesday, November 14th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $18.63, for a total value of $186,300.00.
  • On Monday, October 16th, David M. Walker sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $18.13, for a total value of $90,650.00.
  • On Tuesday, October 17th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $18.17, for a total value of $181,700.00.
  • On Wednesday, September 20th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $17.55, for a total value of $175,500.00.
  • On Thursday, September 7th, David M. Walker sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $16.72, for a total value of $83,600.00.
  • On Thursday, August 24th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $17.05, for a total value of $170,500.00.

Shares of PennyMac Financial Services, Inc. (NYSE PFSI) opened at $21.35 on Monday. PennyMac Financial Services, Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $21.85. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $497.20, a PE ratio of 8.15, a price-to-earnings-growth ratio of 1.87 and a beta of 0.68.

PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.71. PennyMac Financial Services had a return on equity of 4.11% and a net margin of 6.47%. The business had revenue of $250.64 million during the quarter, compared to analyst estimates of $238.59 million. The company’s quarterly revenue was down 14.0% compared to the same quarter last year. equities research analysts expect that PennyMac Financial Services, Inc. will post 2.29 EPS for the current fiscal year.

A number of analysts recently commented on PFSI shares. ValuEngine upgraded PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research upgraded PennyMac Financial Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Piper Jaffray Companies reissued a “buy” rating on shares of PennyMac Financial Services in a report on Tuesday, September 19th. Finally, BidaskClub raised PennyMac Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $20.33.

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of PennyMac Financial Services by 5.8% in the second quarter. Vanguard Group Inc. now owns 1,634,763 shares of the real estate investment trust’s stock worth $27,301,000 after acquiring an additional 90,238 shares during the period. Numeric Investors LLC boosted its stake in shares of PennyMac Financial Services by 72.1% in the second quarter. Numeric Investors LLC now owns 776,152 shares of the real estate investment trust’s stock worth $12,962,000 after acquiring an additional 325,169 shares during the period. Mangrove Partners bought a new position in shares of PennyMac Financial Services in the third quarter worth about $12,760,000. Dimensional Fund Advisors LP boosted its stake in shares of PennyMac Financial Services by 17.7% in the third quarter. Dimensional Fund Advisors LP now owns 625,742 shares of the real estate investment trust’s stock worth $11,138,000 after acquiring an additional 93,918 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of PennyMac Financial Services by 2.8% in the second quarter. JPMorgan Chase & Co. now owns 397,176 shares of the real estate investment trust’s stock worth $6,633,000 after acquiring an additional 10,969 shares during the period. 91.01% of the stock is owned by institutional investors and hedge funds.

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PennyMac Financial Services Company Profile

PennyMac Financial Services, Inc (PFSI) is a financial services company. The Company is focused on the production and servicing of the United States residential mortgage loans and the management of investments related to the United States mortgage market. The Company operates through three segments: loan production, loan servicing and investment management.

Insider Buying and Selling by Quarter for PennyMac Financial Services (NYSE:PFSI)

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