Key Points
- Patrick Kinsella purchased 2,250 PFSI shares on Feb. 12 at an average of $89.15 (about $200,587.50), increasing his direct stake to 34,210 shares — a 7.04% rise disclosed in an SEC Form 4.
- PennyMac missed Q4 expectations, reporting $1.97 EPS versus $3.23 expected and revenue of $538.0M versus $639.8M expected, although revenue rose 14.4% year‑over‑year.
- The firm declared a quarterly dividend of $0.30 (1.3% yield, ex‑dividend Feb. 13), while analysts maintain a consensus "Hold" rating with an average price target near $139.71 after recent downward revisions.
PennyMac Financial Services, Inc. (NYSE:PFSI - Get Free Report) Director Patrick Kinsella bought 2,250 shares of the firm's stock in a transaction that occurred on Thursday, February 12th. The shares were acquired at an average cost of $89.15 per share, for a total transaction of $200,587.50. Following the completion of the acquisition, the director directly owned 34,210 shares in the company, valued at $3,049,821.50. The trade was a 7.04% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
PennyMac Financial Services Trading Up 0.8%
PFSI stock opened at $92.20 on Friday. PennyMac Financial Services, Inc. has a one year low of $85.74 and a one year high of $160.36. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 0.52 and a beta of 1.54. The company has a fifty day moving average price of $129.56 and a two-hundred day moving average price of $122.68. The company has a debt-to-equity ratio of 3.01, a current ratio of 0.36 and a quick ratio of 0.36.
PennyMac Financial Services (NYSE:PFSI - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported $1.97 EPS for the quarter, missing analysts' consensus estimates of $3.23 by ($1.26). PennyMac Financial Services had a net margin of 24.48% and a return on equity of 10.36%. The company had revenue of $538.01 million during the quarter, compared to analyst estimates of $639.81 million. During the same quarter last year, the company posted $1.95 EPS. The firm's quarterly revenue was up 14.4% on a year-over-year basis. Equities analysts anticipate that PennyMac Financial Services, Inc. will post 13.77 EPS for the current year.
PennyMac Financial Services Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Monday, February 16th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.20 annualized dividend and a dividend yield of 1.3%. PennyMac Financial Services's dividend payout ratio (DPR) is currently 12.90%.
Institutional Investors Weigh In On PennyMac Financial Services
Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in PennyMac Financial Services by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 2,832,737 shares of the real estate investment trust's stock valued at $373,468,000 after buying an additional 12,782 shares during the period. Invesco Ltd. boosted its holdings in shares of PennyMac Financial Services by 18.3% in the 3rd quarter. Invesco Ltd. now owns 1,463,096 shares of the real estate investment trust's stock worth $181,248,000 after purchasing an additional 226,581 shares in the last quarter. Geode Capital Management LLC lifted its position in PennyMac Financial Services by 6.0% in the 2nd quarter. Geode Capital Management LLC now owns 721,757 shares of the real estate investment trust's stock worth $71,924,000 after buying an additional 41,124 shares during the last quarter. Basswood Capital Management L.L.C. raised its stake in shares of PennyMac Financial Services by 5.9% during the second quarter. Basswood Capital Management L.L.C. now owns 570,210 shares of the real estate investment trust's stock worth $56,816,000 after acquiring an additional 31,743 shares in the last quarter. Finally, 140 Summer Partners LP bought a new stake in shares of PennyMac Financial Services in the 3rd quarter worth approximately $55,268,000. Hedge funds and other institutional investors own 57.87% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on PFSI. Wells Fargo & Company cut their price objective on PennyMac Financial Services from $150.00 to $135.00 and set an "overweight" rating on the stock in a report on Friday, January 30th. Wall Street Zen cut shares of PennyMac Financial Services from a "buy" rating to a "hold" rating in a research report on Sunday, January 18th. Piper Sandler decreased their target price on PennyMac Financial Services from $168.00 to $137.00 and set an "overweight" rating for the company in a research report on Friday, January 30th. Weiss Ratings cut PennyMac Financial Services from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, January 20th. Finally, Barclays dropped their price target on shares of PennyMac Financial Services from $158.00 to $136.00 and set an "overweight" rating on the stock in a research report on Friday, January 30th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $139.71.
Read Our Latest Research Report on PFSI
About PennyMac Financial Services
(
Get Free Report)
PennyMac Financial Services, Inc (NYSE: PFSI) is a leading mortgage banking company based in Westlake Village, California. The firm operates through two primary business segments: Production and Mortgage Servicing Rights (MSR). In its Production segment, PennyMac originates residential mortgage loans through retail, wholesale and correspondent channels, focusing on both purchase and refinance transactions. The MSR segment involves the acquisition and servicing of mortgage loans, whereby the company earns fees for managing loan portfolios on behalf of investors.
Since its founding in 2008, PennyMac has grown through a combination of organic origination and strategic acquisition of servicing rights, positioning itself as one of the largest residential mortgage loan servicers in the United States.
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