There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on March 20, PennyMac Financial Services Inc 's Director, Patrick Kinsella, invested $98,880.72 into 5,800 shares of PFSI, for a cost per share of $17.05. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Friday, bargain hunters could buy shares of PennyMac Financial Services Inc (Symbol: PFSI) and achieve a cost basis 5.6% cheaper than Kinsella, with shares changing hands as low as $16.10 per share. PennyMac Financial Services Inc shares are currently trading down about 4.8% on the day. The chart below shows the one year performance of PFSI shares, versus its 200 day moving average:

Looking at the chart above, PFSI's low point in its 52 week range is $13.135 per share, with $39.57 as the 52 week high point — that compares with a last trade of $16.84. By comparison, below is a table showing the prices at which PFSI insider buying was recorded over the last six months:

Purchased	Insider	Title	Shares	Price/Share	Value
03/19/2020	Andrew S. Chang	Chief Financial Officer	35,841	$16.60	$594,842.32
03/20/2020	Patrick Kinsella	Director	5,800	$17.05	$98,880.72

The current annualized dividend paid by PennyMac Financial Services Inc is $0.48/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 02/13/2020. Below is a long-term dividend history chart for PFSI, which can be of good help in judging whether the most recent dividend with approx. 2.7% annualized yield is likely to continue.