PennyMac Financial Services, Inc. (NYSE:PFSI) insider David M. Walker sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $17.05, for a total transaction of $170,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Thursday, July 27th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $17.62, for a total transaction of $176,200.00.
  • On Wednesday, July 12th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.99, for a total transaction of $169,900.00.
  • On Tuesday, June 27th, David M. Walker sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.61, for a total transaction of $83,050.00.
  • On Wednesday, June 28th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.74, for a total transaction of $167,400.00.
  • On Friday, June 2nd, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $16.27, for a total transaction of $162,700.00.

PennyMac Financial Services, Inc. (NYSE PFSI) opened at 17.10 on Friday. PennyMac Financial Services, Inc. has a 12 month low of $15.65 and a 12 month high of $19.35. The company has a market cap of $402.02 million, a price-to-earnings ratio of 5.78 and a beta of 0.60. The company’s 50-day moving average is $17.28 and its 200 day moving average is $17.04.

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 Thomson Reuters’ consensus estimate of $0.66 by $0.22. The company had revenue of $201.72 million for the quarter, compared to analysts’ expectations of $181.89 million. PennyMac Financial Services had a net margin of 6.87% and a return on equity of 4.79%. Equities analysts forecast that PennyMac Financial Services, Inc. will post $2.64 earnings per share for the current fiscal year.

PennyMac Financial Services declared that its Board of Directors has initiated a stock buyback plan on Wednesday, June 21st that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 137% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

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PFSI has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of PennyMac Financial Services from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. TheStreet lowered shares of PennyMac Financial Services from a “b-” rating to a “c+” rating in a research report on Friday, June 2nd. Finally, ValuEngine raised shares of PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $19.86.

Several hedge funds and other institutional investors have recently made changes to their positions in PFSI. California State Teachers Retirement System boosted its position 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 valued at $470,000 after buying an additional 800 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of PennyMac Financial Services by 11.5% in the second quarter. The Manufacturers Life Insurance Company now owns 12,732 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 1,312 shares during the period. Cubist Systematic Strategies LLC raised its stake in shares of PennyMac Financial Services by 23.6% in the second quarter. Cubist Systematic Strategies LLC now owns 13,025 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 2,489 shares during the period. State Street Corp raised its stake in shares of PennyMac Financial Services by 4.7% in the second quarter. State Street Corp now owns 232,505 shares of the real estate investment trust’s stock worth $3,881,000 after buying an additional 10,361 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of PennyMac Financial Services by 275.7% in the second quarter. Goldman Sachs Group Inc. now owns 50,305 shares of the real estate investment trust’s stock worth $840,000 after buying an additional 36,915 shares during the period. 84.85% of the stock is currently owned by institutional investors.

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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