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 company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $89.44, for a total value of $470,007.20. Following the completion of the sale, the insider now directly owns 27,084 shares of the company’s stock, valued at $2,422,392.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

PennyMac Financial Services Stock Performance

PFSI opened at $91.71 on Thursday. The stock has a market cap of $4.62 billion, a P/E ratio of 33.84, a P/E/G ratio of 0.61 and a beta of 1.66. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.37 and a quick ratio of 0.37. The stock’s 50 day simple moving average is $87.70 and its 200 day simple moving average is $79.84. PennyMac Financial Services, Inc. has a 1-year low of $56.16 and a 1-year high of $94.78.

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

PennyMac Financial Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 13th were issued 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 (DPR) is presently 29.52%.

Institutional Investors Weigh In On PennyMac Financial Services

A number of large investors have recently bought and sold shares of PFSI. USA Financial Formulas acquired a new stake in PennyMac Financial Services during the 4th quarter valued at $25,000. Hexagon Capital Partners LLC grew its holdings in PennyMac Financial Services by 128.9% during the 4th quarter. Hexagon Capital Partners LLC now owns 364 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 205 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of PennyMac Financial Services by 59.9% during the first quarter. Tower Research Capital LLC TRC now owns 542 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 203 shares during the last quarter. Parkside Financial Bank & Trust acquired a new stake in shares of PennyMac Financial Services during the fourth quarter worth $36,000. Finally, West Tower Group LLC acquired a new stake in shares of PennyMac Financial Services during the fourth quarter worth $45,000. Institutional investors and hedge funds own 57.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on PFSI. Deutsche Bank Aktiengesellschaft began coverage on PennyMac Financial Services in a research note on Wednesday, January 10th. They set a “buy” rating and a $115.00 price objective for the company. Keefe, Bruyette & Woods downgraded PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 10th. StockNews.com raised PennyMac Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th. Wedbush increased their target price on PennyMac Financial Services from $85.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 2nd. Finally, UBS Group initiated coverage on PennyMac Financial Services in a research note on Wednesday, December 6th. They set a “neutral” rating and a $85.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.