PennyMac Financial Services, Inc. (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 company’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $18.09, for a total value of $180,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • 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.
  • On Thursday, July 27th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $17.62, for a total value of $176,200.00.
  • On Wednesday, July 12th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $16.99, for a total value of $169,900.00.

Shares of PennyMac Financial Services, Inc. (NYSE PFSI) opened at 18.25 on Wednesday. PennyMac Financial Services, Inc. has a 52 week low of $15.65 and a 52 week high of $19.35. The company has a market cap of $429.06 million, a PE ratio of 6.17 and a beta of 0.61. The company has a 50 day moving average price of $17.40 and a 200 day moving average price of $16.94.

PennyMac Financial Services (NYSE:PFSI) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.22). PennyMac Financial Services had a net margin of 6.87% and a return on equity of 4.79%. The firm had revenue of $201.72 million during the quarter, compared to analyst estimates of $181.89 million. On average, equities analysts expect that PennyMac Financial Services, Inc. will post $2.64 earnings per share for the current year.

PennyMac Financial Services announced that its Board of Directors has initiated a share buyback plan on Wednesday, June 21st that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to buy up to 137% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

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A number of institutional investors have recently made changes to their positions in PFSI. Victory Capital Management Inc. acquired a new stake in PennyMac Financial Services in the 1st quarter valued at approximately $101,000. Citigroup Inc. raised its position in PennyMac Financial Services by 1,652.1% in the 2nd quarter. Citigroup Inc. now owns 6,150 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 5,799 shares during the last quarter. American International Group Inc. raised its position in PennyMac Financial Services by 7.2% in the 1st quarter. American International Group Inc. now owns 8,384 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 562 shares during the last quarter. Voya Investment Management LLC acquired a new stake in PennyMac Financial Services in the 2nd quarter valued at approximately $174,000. Finally, Menta Capital LLC acquired a new stake in PennyMac Financial Services in the 1st quarter valued at approximately $202,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently commented on the company. Zacks Investment Research cut PennyMac Financial Services from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. ValuEngine cut PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 17th. BidaskClub raised PennyMac Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, Piper Jaffray Companies reissued a “buy” rating on shares of PennyMac Financial Services in a research note on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $20.25.

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)

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

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