PennyMac Financial Services Inc. (NYSE:PFSI) insider David M. Walker sold 10,000 shares of PennyMac Financial Services stock in a transaction on Friday, October 7th. The stock was sold at an average price of $16.34, for a total transaction of $163,400.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of PennyMac Financial Services Inc. (NYSE:PFSI) opened at 16.23 on Thursday. The firm has a market capitalization of $360.19 million, a price-to-earnings ratio of 7.90 and a beta of 0.58. The firm has a 50-day moving average of $16.82 and a 200 day moving average of $14.13. PennyMac Financial Services Inc. has a 52 week low of $10.48 and a 52 week high of $18.13.

PennyMac Financial Services (NYSE:PFSI) last issued its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.07. The business had revenue of $207.81 million for the quarter, compared to analyst estimates of $196.53 million. PennyMac Financial Services had a net margin of 6.20% and a return on equity of 4.30%. PennyMac Financial Services’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 earnings per share. On average, equities analysts predict that PennyMac Financial Services Inc. will post $2.47 earnings per share for the current fiscal year.

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

A number of equities analysts have recently weighed in on PFSI shares. Bank of America Corp. raised shares of PennyMac Financial Services from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 12th. Compass Point cut shares of PennyMac Financial Services from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 28th. Zacks Investment Research raised shares of PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Wednesday, August 10th. JPMorgan Chase & Co. lifted their price target on shares of PennyMac Financial Services from $14.00 to $16.50 and gave the stock a “neutral” rating in a research report on Friday, August 5th. Finally, Keefe, Bruyette & Woods set a $18.00 price target on shares of PennyMac Financial Services and gave the stock a “buy” rating in a research report on Friday, August 5th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. PennyMac Financial Services presently has an average rating of “Hold” and an average target price of $17.94.

Hedge funds and other institutional investors have recently modified their holdings of the company. Oxford Asset Management raised its position in shares of PennyMac Financial Services by 166.4% in the second quarter. Oxford Asset Management now owns 90,538 shares of the real estate investment trust’s stock valued at $1,131,000 after buying an additional 56,553 shares in the last quarter. Societe Generale bought a new position in shares of PennyMac Financial Services during the second quarter valued at about $161,000. Royal Bank of Canada raised its position in shares of PennyMac Financial Services by 37.3% in the first quarter. Royal Bank of Canada now owns 39,661 shares of the real estate investment trust’s stock valued at $466,000 after buying an additional 10,766 shares in the last quarter. Boston Partners raised its position in shares of PennyMac Financial Services by 2,743.1% in the second quarter. Boston Partners now owns 681,896 shares of the real estate investment trust’s stock valued at $8,517,000 after buying an additional 657,912 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of PennyMac Financial Services during the second quarter valued at about $161,000. 92.45% of the stock is currently owned by institutional investors and hedge funds.

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. It operates through three segments: loan production, loan servicing and investment management.

5 Day Chart for NYSE:PFSI

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