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

PennyMac Financial Services, Inc. (NYSE:PFSI) insider David M. Walker sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $18.98, for a total value of $189,800.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $17.05, for a total value of $170,500.00.

PennyMac Financial Services, Inc. (NYSE PFSI) remained flat at $$21.35 during midday trading on Monday. The company’s stock had a trading volume of 322,946 shares, compared to its average volume of 179,500. PennyMac Financial Services, Inc. has a one year low of $15.65 and a one year high of $21.85. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $497.21, a price-to-earnings ratio of 8.15, a P/E/G ratio of 1.87 and a beta of 0.68.

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

A number of research firms have weighed in on PFSI. 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. BidaskClub upgraded PennyMac Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, Piper Jaffray Companies reiterated a “buy” rating on shares of PennyMac Financial Services in a research report on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. PennyMac Financial Services presently has an average rating of “Hold” and a consensus target price of $20.33.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. increased its stake in shares of PennyMac Financial Services by 0.3% in the second quarter. Alps Advisors Inc. now owns 27,680 shares of the real estate investment trust’s stock worth $462,000 after acquiring an additional 72 shares during the last quarter. American International Group Inc. increased its stake in shares of PennyMac Financial Services by 7.2% in the first quarter. American International Group Inc. now owns 8,384 shares of the real estate investment trust’s stock worth $143,000 after acquiring an additional 562 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of PennyMac Financial Services by 2.9% in the second quarter. California State Teachers Retirement System now owns 28,126 shares of the real estate investment trust’s stock worth $470,000 after acquiring an additional 800 shares during the last quarter. Strs Ohio increased its stake in shares of PennyMac Financial Services by 2.7% in the second quarter. Strs Ohio now owns 38,700 shares of the real estate investment trust’s stock worth $646,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of PennyMac Financial Services by 17.6% in the second quarter. Victory Capital Management Inc. now owns 6,964 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 1,042 shares during the last quarter. 90.83% of the stock is currently owned by institutional investors and hedge funds.

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About PennyMac Financial Services

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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