PennyMac Financial Services, Inc. (NYSE:PFSI) Receives Average Rating of "Moderate Buy" from Analysts

PennyMac Financial Services, Inc. (NYSE:PFSI - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $121.17.

PFSI has been the topic of several recent research reports. Keefe, Bruyette & Woods raised shares of PennyMac Financial Services from a "market perform" rating to an "outperform" rating and set a $114.00 target price on the stock in a research note on Tuesday, April 8th. Piper Sandler lowered their price target on shares of PennyMac Financial Services from $130.00 to $128.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company cut their price objective on shares of PennyMac Financial Services from $125.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, UBS Group lowered their target price on PennyMac Financial Services from $115.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th.

PennyMac Financial Services Price Performance

Shares of PFSI traded down $0.43 during mid-day trading on Wednesday, hitting $97.68. 243,618 shares of the company were exchanged, compared to its average volume of 305,017. The stock has a market cap of $5.02 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 0.19 and a beta of 1.73. PennyMac Financial Services has a 1-year low of $85.74 and a 1-year high of $119.13. The company has a 50 day moving average of $98.13 and a 200-day moving average of $101.73. 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 (NYSE:PFSI - Get Free Report) last released its earnings results on Tuesday, April 22nd. The real estate investment trust reported $1.42 earnings per share for the quarter, missing the consensus estimate of $2.99 by ($1.57). The firm had revenue of $430.90 million during the quarter, compared to analysts' expectations of $520.42 million. PennyMac Financial Services had a net margin of 19.54% and a return on equity of 16.61%. During the same quarter last year, the business earned $0.74 EPS. Analysts expect that PennyMac Financial Services will post 13.77 EPS for the current fiscal year.

PennyMac Financial Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Wednesday, May 14th will be given a $0.30 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.23%. PennyMac Financial Services's dividend payout ratio is currently 18.40%.

Insider Transactions at PennyMac Financial Services

In other news, CFO Daniel Stanley Perotti sold 10,500 shares of the company's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $101.49, for a total value of $1,065,645.00. Following the transaction, the chief financial officer now directly owns 214,997 shares in the company, valued at approximately $21,820,045.53. This represents a 4.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark Elbaum sold 410 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $102.88, for a total transaction of $42,180.80. Following the transaction, the insider now directly owns 4,207 shares of the company's stock, valued at $432,816.16. The trade was a 8.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,464 shares of company stock worth $4,540,867. 16.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC lifted its stake in PennyMac Financial Services by 71.5% during the 1st quarter. CWM LLC now owns 271 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 113 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in shares of PennyMac Financial Services during the fourth quarter worth about $39,000. Sterling Capital Management LLC boosted 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 valued at $41,000 after purchasing an additional 343 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of PennyMac Financial Services in the fourth quarter valued at approximately $71,000. Finally, Parkside Financial Bank & Trust increased 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 worth $112,000 after buying an additional 389 shares during the period. 57.87% of the stock is currently owned by hedge funds and other institutional investors.

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.