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

Shares of PennyMac Financial Services, Inc. (NYSE:PFSI - Get Free Report) have received an average rating of "Moderate Buy" from the six analysts that are presently covering the company, Marketbeat reports. One 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 issued ratings on the stock in the last year is $121.17.

A number of equities research analysts have recently commented on PFSI shares. UBS Group reduced their price objective on shares of PennyMac Financial Services from $115.00 to $110.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods raised 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. Wells Fargo & Company lowered their price objective on shares of PennyMac Financial Services from $125.00 to $120.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, Piper Sandler reduced their target price on shares of PennyMac Financial Services from $130.00 to $128.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd.

Insider Activity at PennyMac Financial Services

In other PennyMac Financial Services news, insider Mark Elbaum sold 410 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $102.88, for a total transaction of $42,180.80. Following the completion of the sale, the insider now directly owns 4,207 shares in the company, valued at approximately $432,816.16. This trade represents a 8.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Spector sold 5,000 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $103.44, for a total transaction of $517,200.00. Following the sale, the chief executive officer now directly owns 150,604 shares in the company, valued at approximately $15,578,477.76. The trade was a 3.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,642 shares of company stock worth $5,199,167 in the last three months. 16.60% of the stock is owned by insiders.

Hedge Funds Weigh In On PennyMac Financial Services

A number of institutional investors and hedge funds have recently made changes to their positions in PFSI. Barclays PLC boosted its holdings in shares of PennyMac Financial Services by 505.4% in the third quarter. Barclays PLC now owns 60,179 shares of the real estate investment trust's stock worth $6,859,000 after buying an additional 50,238 shares during the last quarter. KBC Group NV lifted its holdings in PennyMac Financial Services by 15.6% during the fourth quarter. KBC Group NV now owns 1,549 shares of the real estate investment trust's stock valued at $158,000 after purchasing an additional 209 shares in the last quarter. Precision Wealth Strategies LLC purchased a new position in PennyMac Financial Services during the fourth quarter valued at approximately $367,000. Lightrock Netherlands B.V. purchased a new position in PennyMac Financial Services during the fourth quarter valued at approximately $9,006,000. Finally, Rhumbline Advisers lifted its holdings in PennyMac Financial Services by 1.0% during the fourth quarter. Rhumbline Advisers now owns 41,529 shares of the real estate investment trust's stock valued at $4,242,000 after purchasing an additional 414 shares in the last quarter. Hedge funds and other institutional investors own 57.87% of the company's stock.

PennyMac Financial Services Price Performance

NYSE PFSI traded up $1.00 during trading on Friday, hitting $96.95. 2,744 shares of the company's stock were exchanged, compared to its average volume of 368,953. The stock's 50 day moving average price is $97.49 and its two-hundred day moving average price is $101.27. The company has a market cap of $5.01 billion, a PE ratio of 16.60, a P/E/G ratio of 0.19 and a beta of 1.60. 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 earnings results on Tuesday, April 22nd. The real estate investment trust reported $1.42 earnings per share for the quarter, missing analysts' consensus estimates of $2.99 by ($1.57). PennyMac Financial Services had a return on equity of 16.61% and a net margin of 19.54%. The business had revenue of $430.90 million for the quarter, compared to the consensus estimate of $520.42 million. During the same period in the previous year, the firm earned $0.74 earnings per share. Research analysts expect that PennyMac Financial Services 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 Friday, May 23rd. Stockholders of record on Wednesday, May 14th were given 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 dividend yield of 1.24%. PennyMac Financial Services's dividend payout ratio (DPR) is presently 18.40%.

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.