PennyMac Financial Services, Inc. (NYSE:PFSI) Given Consensus Rating of "Moderate Buy" by Brokerages

PennyMac Financial Services, Inc. (NYSE:PFSI - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $121.17.

Several equities research analysts recently weighed in on PFSI shares. Wells Fargo & Company reduced 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. Keefe, Bruyette & Woods upgraded shares of PennyMac Financial Services from a "market perform" rating to an "outperform" rating and set a $114.00 price target on the stock in a research report on Tuesday, April 8th. Piper Sandler dropped 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. Finally, UBS Group dropped their price target on shares of PennyMac Financial Services from $115.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th.

PennyMac Financial Services Price Performance

PFSI stock traded up $0.67 during trading on Friday, hitting $96.62. The company had a trading volume of 173,975 shares, compared to its average volume of 311,160. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 16.54, a P/E/G ratio of 0.19 and a beta of 1.60. The business has a 50 day moving average of $97.35 and a 200 day moving average of $101.20. PennyMac Financial Services has a fifty-two week low of $85.74 and a fifty-two week high of $119.13. The company has a current ratio of 0.26, a quick ratio of 0.38 and a debt-to-equity ratio of 3.22.

PennyMac Financial Services (NYSE:PFSI - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $430.90 million during the quarter, compared to analyst estimates of $520.42 million. PennyMac Financial Services had a return on equity of 16.61% and a net margin of 19.54%. During the same period in the previous year, the company earned $0.74 EPS. As a group, research analysts predict that PennyMac Financial Services will post 13.77 earnings per share for the current year.

PennyMac Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $1.20 annualized dividend and a yield of 1.24%. PennyMac Financial Services's payout ratio is presently 18.40%.

Insiders Place Their Bets

In other PennyMac Financial Services news, insider Derek Stark sold 2,110 shares of PennyMac Financial Services stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $103.07, for a total transaction of $217,477.70. Following the transaction, the insider now owns 26,209 shares of the company's stock, valued at $2,701,361.63. The trade was a 7.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Joseph F. Mazzella sold 11,000 shares of PennyMac Financial Services stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $98.23, for a total value of $1,080,530.00. Following the transaction, the director now directly owns 92,863 shares in the company, valued at approximately $9,121,932.49. This trade represents a 10.59% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,642 shares of company stock worth $5,199,167. Company insiders own 16.60% of the company's stock.

Hedge Funds Weigh In On PennyMac Financial Services

Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC grew its stake in shares of PennyMac Financial Services by 71.5% in the 1st quarter. CWM LLC now owns 271 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 113 shares in the last quarter. Strs Ohio bought a new stake in shares of PennyMac Financial Services in the 1st quarter valued at approximately $30,000. TD Waterhouse Canada Inc. bought a new stake in shares of PennyMac Financial Services in the 4th quarter valued at approximately $39,000. Sterling Capital Management LLC grew its stake in shares of PennyMac Financial Services by 601.8% in the 4th quarter. Sterling Capital Management LLC now owns 400 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 343 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in shares of PennyMac Financial Services in the 4th quarter valued at approximately $71,000. Hedge funds and other institutional investors own 57.87% of the company's stock.

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.