Key Points
- Insider sale: Derek Stark sold 1,903 PFSI shares at an average price of $91.50 for $174,124.50, cutting his stake by 7.81% to 22,477 shares; the trade was filed in an SEC Form 4.
- Earnings miss: PennyMac posted Q EPS of $1.97 vs. $3.23 expected and revenue of $538.0M vs. $639.8M, though revenue rose 14.4% year‑over‑year; the stock has a $4.83B market cap and a PE of 10.01.
- Analyst/dividend snapshot: The consensus rating is "Hold" with an average target of $139.71, and the company pays a $0.30 quarterly dividend (annualized $1.20, ~1.3% yield).
PennyMac Financial Services, Inc. (NYSE:PFSI - Get Free Report) insider Derek Stark sold 1,903 shares of the firm's stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $91.50, for a total transaction of $174,124.50. Following the transaction, the insider directly owned 22,477 shares in the company, valued at $2,056,645.50. This trade represents a 7.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
PennyMac Financial Services Price Performance
Shares of PFSI opened at $92.97 on Friday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.36 and a current ratio of 0.34. The company has a 50 day moving average price of $122.80 and a 200-day moving average price of $122.44. PennyMac Financial Services, Inc. has a fifty-two week low of $85.74 and a fifty-two week high of $160.36. The stock has a market capitalization of $4.83 billion, a PE ratio of 10.01, a PEG ratio of 0.52 and a beta of 1.54.
PennyMac Financial Services (NYSE:PFSI - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $538.01 million during the quarter, compared to the consensus estimate of $639.81 million. PennyMac Financial Services had a return on equity of 10.20% and a net margin of 24.48%.The business's quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the firm earned $1.95 EPS. Equities analysts predict that PennyMac Financial Services, Inc. will post 13.77 earnings per share for the current fiscal year.
PennyMac Financial Services Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 26th. Investors of record on Monday, February 16th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.3%. PennyMac Financial Services's dividend payout ratio (DPR) is presently 12.90%.
Analysts Set New Price Targets
PFSI has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of PennyMac Financial Services from a "buy" rating to a "hold" rating in a report on Sunday, January 18th. Zacks Research cut shares of PennyMac Financial Services from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 3rd. Piper Sandler lowered their target price on shares of PennyMac Financial Services from $168.00 to $137.00 and set an "overweight" rating for the company in a research note on Friday, January 30th. Keefe, Bruyette & Woods lowered their price target on PennyMac Financial Services from $143.00 to $115.00 and set a "market perform" rating for the company in a report on Monday, February 2nd. Finally, BTIG Research restated a "buy" rating on shares of PennyMac Financial Services in a report on Friday, January 30th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $139.71.
Get Our Latest Stock Report on PFSI
Institutional Investors Weigh In On PennyMac Financial Services
A number of large investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new stake in PennyMac Financial Services during the 4th quarter valued at approximately $31,000. EverSource Wealth Advisors LLC acquired a new position in PennyMac Financial Services during the second quarter valued at $26,000. GAMMA Investing LLC lifted its position in PennyMac Financial Services by 97.3% during the fourth quarter. GAMMA Investing LLC now owns 288 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 142 shares during the period. Strs Ohio purchased a new stake in PennyMac Financial Services in the first quarter valued at $30,000. Finally, Clearstead Advisors LLC grew its position in PennyMac Financial Services by 131.8% during the 4th quarter. Clearstead Advisors LLC now owns 503 shares of the real estate investment trust's stock worth $66,000 after purchasing an additional 286 shares during the period. Hedge funds and other institutional investors own 57.87% of the company's stock.
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.
Further Reading
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