Abbie Tidmore Sells 2,669 Shares of PennyMac Financial Services, Inc. (NYSE:PFSI) Stock

PennyMac Financial Services, Inc. (NYSE:PFSI) CRO Abbie Tidmore sold 2,669 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $102.55, for a total transaction of $273,705.95. Following the sale, the executive now directly owns 4,878 shares in the company, valued at $500,238.90. The trade was a 35.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

PennyMac Financial Services Trading Down 0.4 %

Shares of PFSI stock traded down $0.42 during trading hours on Tuesday, hitting $102.59. 259,717 shares of the company were exchanged, compared to its average volume of 266,749. The company has a 50 day simple moving average of $103.29 and a two-hundred day simple moving average of $104.71. The firm has a market cap of $5.28 billion, a P/E ratio of 17.57, a P/E/G ratio of 0.19 and a beta of 1.90. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.38 and a current ratio of 0.26. PennyMac Financial Services, Inc. has a fifty-two week low of $83.03 and a fifty-two week high of $119.13.

PennyMac Financial Services (NYSE:PFSI) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $2.88 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.21). PennyMac Financial Services had a net margin of 19.54% and a return on equity of 16.61%. Equities analysts anticipate that PennyMac Financial Services, Inc. will post 13.77 EPS for the current year.

PennyMac Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, February 23rd. Stockholders of record on Thursday, February 13th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.20 annualized dividend and a dividend yield of 1.17%. PennyMac Financial Services’s dividend payout ratio is 20.55%.

Institutional Trading of PennyMac Financial Services

Hedge funds and other institutional investors have recently bought and sold shares of the business. TD Waterhouse Canada Inc. acquired a new stake in shares of PennyMac Financial Services in the 4th quarter worth about $39,000. Sterling Capital Management LLC raised its stake in shares of PennyMac Financial Services by 601.8% in the fourth quarter. Sterling Capital Management LLC now owns 400 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 343 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in PennyMac Financial Services during the fourth quarter worth $71,000. Parkside Financial Bank & Trust lifted its stake in PennyMac Financial Services by 54.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,100 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 389 shares in the last quarter. Finally, Quantbot Technologies LP boosted its holdings in PennyMac Financial Services by 23.7% during the 3rd quarter. Quantbot Technologies LP now owns 1,516 shares of the real estate investment trust’s stock worth $173,000 after acquiring an additional 290 shares during the last quarter. Institutional investors own 57.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PFSI shares. Piper Sandler decreased their price objective on PennyMac Financial Services from $132.00 to $130.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Keefe, Bruyette & Woods cut their price objective on PennyMac Financial Services from $112.00 to $111.00 and set a “market perform” rating on the stock in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.17.

PennyMac Financial Services Company Profile

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.