15,165 Shares in PennyMac Financial Services, Inc. (NYSE:PFSI) Acquired by Bryce Point Capital LLC

Bryce Point Capital LLC acquired a new stake in PennyMac Financial Services, Inc. (NYSE:PFSI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,165 shares of the real estate investment trust’s stock, valued at approximately $1,549,000.

Other institutional investors have also recently bought and sold shares of the company. KBC Group NV increased its holdings in PennyMac Financial Services by 15.6% in 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 during the last quarter. Quantbot Technologies LP raised its position in shares of PennyMac Financial Services by 23.7% in the 3rd quarter. Quantbot Technologies LP now owns 1,516 shares of the real estate investment trust’s stock valued at $173,000 after acquiring an additional 290 shares during the period. Dakota Wealth Management boosted its stake in PennyMac Financial Services by 2.6% during the 4th quarter. Dakota Wealth Management now owns 14,578 shares of the real estate investment trust’s stock worth $1,489,000 after acquiring an additional 374 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in PennyMac Financial Services by 54.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,100 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 389 shares during the period. Finally, Rhumbline Advisers increased its stake in PennyMac Financial Services by 1.0% in 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. Institutional investors and hedge funds own 57.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PFSI shares. Piper Sandler decreased their price target on shares of PennyMac Financial Services from $132.00 to $130.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Keefe, Bruyette & Woods lowered their price target on PennyMac Financial Services from $112.00 to $111.00 and set a “market perform” rating for the company in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, PennyMac Financial Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.17.

PennyMac Financial Services Stock Down 0.0 %

PennyMac Financial Services stock opened at $100.11 on Wednesday. The company has a fifty day simple moving average of $102.70 and a 200 day simple moving average of $104.37. 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, Inc. has a 1-year low of $83.03 and a 1-year high of $119.13. The company has a market cap of $5.15 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 0.19 and a beta of 1.90.

PennyMac Financial Services (NYSE:PFSI) last posted its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $2.88 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.21). PennyMac Financial Services had a net margin of 19.54% and a return on equity of 16.61%. Research analysts anticipate that PennyMac Financial Services, Inc. will post 13.77 earnings per share for the current fiscal year.

PennyMac Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, February 23rd. Shareholders of record on Thursday, February 13th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Thursday, February 13th. PennyMac Financial Services’s dividend payout ratio is currently 20.55%.

Insider Activity

In other PennyMac Financial Services news, CRO Abbie Tidmore sold 2,669 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $102.55, for a total transaction of $273,705.95. Following the completion of the sale, the executive now owns 4,878 shares of the company’s stock, valued at $500,238.90. This trade represents a 35.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David Spector sold 5,000 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $99.38, for a total transaction of $496,900.00. Following the completion of the transaction, the chief executive officer now owns 165,604 shares in the company, valued at approximately $16,457,725.52. This represents a 2.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,054 shares of company stock valued at $4,478,386 in the last quarter. Company insiders own 16.60% 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.