Derek Stark Sells 5,255 Shares of PennyMac Financial Services, Inc. (NYSE:PFSI) Stock

PennyMac Financial Services, Inc. (NYSE:PFSI) insider Derek Stark sold 5,255 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $89.44, for a total transaction of $470,007.20. Following the transaction, the insider now owns 27,084 shares in the company, valued at $2,422,392.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

PennyMac Financial Services Trading Up 3.1 %

Shares of NYSE:PFSI opened at $91.71 on Thursday. The stock has a market capitalization of $4.62 billion, a PE ratio of 33.84, a P/E/G ratio of 0.61 and a beta of 1.66. PennyMac Financial Services, Inc. has a 1 year low of $56.16 and a 1 year high of $94.78. The firm has a fifty day moving average price of $87.70 and a 200 day moving average price of $79.84. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 1.90.

PennyMac Financial Services (NYSE:PFSI) last released its earnings results on Thursday, February 1st. The real estate investment trust reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.75. The firm had revenue of $361.94 million during the quarter, compared to analyst estimates of $413.35 million. PennyMac Financial Services had a net margin of 10.32% and a return on equity of 7.69%. Analysts expect that PennyMac Financial Services, Inc. will post 10.18 EPS for the current fiscal year.

PennyMac Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 13th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Monday, February 12th. PennyMac Financial Services’s dividend payout ratio is 29.52%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Qube Research & Technologies Ltd acquired a new position in shares of PennyMac Financial Services during the third quarter valued at about $3,370,000. Graham Capital Management L.P. acquired a new stake in PennyMac Financial Services in the 3rd quarter valued at $1,237,000. Adage Capital Partners GP L.L.C. acquired a new stake in PennyMac Financial Services in the 3rd quarter valued at $3,657,000. Invesco Ltd. increased its stake in PennyMac Financial Services by 47.6% in the 3rd quarter. Invesco Ltd. now owns 490,297 shares of the real estate investment trust’s stock valued at $32,654,000 after buying an additional 158,181 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in PennyMac Financial Services by 13.4% in the 3rd quarter. Deutsche Bank AG now owns 13,409 shares of the real estate investment trust’s stock valued at $893,000 after buying an additional 1,587 shares during the last quarter. Institutional investors and hedge funds own 57.87% of the company’s stock.

Analyst Ratings Changes

PFSI has been the topic of several research analyst reports. Wedbush boosted their price target on shares of PennyMac Financial Services from $85.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, January 2nd. StockNews.com upgraded shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. Keefe, Bruyette & Woods cut shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 10th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of PennyMac Financial Services in a report on Wednesday, January 10th. They set a “buy” rating and a $115.00 price target on the stock. Finally, UBS Group initiated coverage on shares of PennyMac Financial Services in a report on Wednesday, December 6th. They set a “neutral” rating and a $85.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, PennyMac Financial Services currently has an average rating of “Moderate Buy” and an average target price of $92.25.

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.