NYSE:PFSI

PennyMac Financial Services (PFSI) Stock Forecast, Price & News

$66.60

+0.15 (+0.23%)

(As of 09/29/2023 06:40 PM ET)

Compare

Today's Range: $66.47
▼
$67.70
50-Day Range: $65.74
▼
$81.71
52-Week Range: $41.76
▼
$82.92

Volume: 163,900 shs
Average Volume: 335,936 shs
Market Capitalization: $3.32 billion

P/E Ratio: 13.73
Dividend Yield: 1.20%
Price Target: $83.00

PennyMac Financial Services MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 24.6% Upside
$83.00 Price Target
Short Interest: Healthy
4.80% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -1.38
Upright™ Environmental Score
News Sentiment: 0.67
Based on 4 Articles This Week
Insider Trading: Selling Shares
$3.89 M Sold Last Quarter
Proj. Earnings Growth: 82.06%
From $4.96 to $9.03 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.73 out of 5 stars

Finance Sector

189th out of 871 stocks

Mortgage Bankers & Correspondents Industry

1st out of 5 stocks

2.3

Analyst's Opinion

Consensus Rating
PennyMac Financial Services has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $83.00, PennyMac Financial Services has a forecasted upside of 24.6% from its current price of $66.60.
Amount of Analyst Coverage
PennyMac Financial Services has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
4.80% of the float of PennyMac Financial Services has been sold short.
Short Interest Ratio / Days to Cover
PennyMac Financial Services has a short interest ratio ("days to cover") of 8.3.
Change versus previous month
Short interest in PennyMac Financial Services has recently decreased by 2.65%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Yield
PennyMac Financial Services pays a meaningful dividend of 1.20%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
PennyMac Financial Services does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of PennyMac Financial Services is 16.49%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, PennyMac Financial Services will have a dividend payout ratio of 8.86% next year. This indicates that PennyMac Financial Services will be able to sustain or increase its dividend.

2.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
PennyMac Financial Services has received a 20.89% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Mortgages provided by brick and mortar banks", "Mortgage loans for corporations", and "Mortgages provided by online banks" products. See details.
Environmental Sustainability
The Environmental Impact score for PennyMac Financial Services is -1.38.

2.0

News and Social Media Coverage

News Sentiment
PennyMac Financial Services has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for PennyMac Financial Services this week, compared to 2 articles on an average week.
MarketBeat Follows
Only 1 people have added PennyMac Financial Services to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PennyMac Financial Services insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,892,462.00 in company stock.
Percentage Held by Insiders
17.40% of the stock of PennyMac Financial Services is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
59.12% of the stock of PennyMac Financial Services is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for PennyMac Financial Services are expected to grow by 82.06% in the coming year, from $4.96 to $9.03 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PennyMac Financial Services is 13.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.66.
Price to Earnings Ratio vs. Sector
The P/E ratio of PennyMac Financial Services is 13.73, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 61.90.
Price to Book Value per Share Ratio
PennyMac Financial Services has a P/B Ratio of 0.96. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About PennyMac Financial Services (NYSE:PFSI) Stock

PennyMac Financial Services, Inc., through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. It operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans. It sources first-lien residential conventional and government-insured or guaranteed mortgage loans. The Servicing segment engages in the servicing of newly originated loans, and execution and management of early buyout transactions and servicing of loans. It performs loan administration, collection, and default management activities, including the collection and remittance of loan payments, response to customer inquiries, accounting for principal and interest, holding custodial funds for the payment of property taxes and insurance premiums, counseling delinquent borrowers, and supervising foreclosures and property dispositions, as well as administers loss mitigation activities, such as modification and forbearance programs. The Investment Management segment is involved in sourcing, performing diligence, bidding, and closing investment asset acquisitions; managing correspondent production activities for PennyMac Mortgage Investment Trust; and managing acquired assets. PennyMac Financial Services, Inc. was founded in 2008 and is headquartered in Westlake Village, California.

PFSI Price History

30 days | 90 days | 365 days | Advanced Chart

PFSI Stock News Headlines

September 29, 2023 | americanbankingnews.com

PennyMac Financial Services (NYSE:PFSI) Lifted to Hold at StockNews.com

September 27, 2023 | stockhouse.com

Pennymac Earns Coveted Spot on Newsweek's 2023 List of Top 100 Most Loved Workplaces®

October 2, 2023 | Edge On The Street (Ad)

Gold Could Be Heading for Record Highs - But How to Play It?

According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.

September 27, 2023 | finance.yahoo.com

Pennymac Earns Coveted Spot on Newsweek’s 2023 List of Top 100 Most Loved Workplaces®

September 24, 2023 | americanbankingnews.com

Insider Selling: PennyMac Financial Services, Inc. (NYSE:PFSI) CEO Sells $1,038,450.00 in Stock

September 23, 2023 | americanbankingnews.com

PennyMac Financial Services (NYSE:PFSI) Rating Lowered to Sell at StockNews.com

September 22, 2023 | msn.com

PennyMac Financial Services CEO sells $1.04M in common stock

September 18, 2023 | finance.yahoo.com

PennyMac Mortgage Investment Trust Announces Public Offering of Senior Notes

October 2, 2023 | Wall Street Fundamentals (Ad)

How is This "Hidden Gem" Thriving in a Turbulent Market?

While Wall Street flounders and giants like Amazon & Microsoft lay off thousands... One overlooked company has been quietly achieving over 400% growth. How? By buying, building, and scaling a portfolio of promising brands in high-margin, recession-resistant verticals.

September 11, 2023 | finance.yahoo.com

The total return for PennyMac Financial Services (NYSE:PFSI) investors has risen faster than earnings growth over the last five years

September 5, 2023 | benzinga.com

PennyMac Mortgage Investment Trust to Present at the 2023 Barclays Global Financial Services Conference

September 5, 2023 | finance.yahoo.com

PennyMac Financial Services, Inc. to Present at the 2023 Barclays Global Financial Services Conference

August 2, 2023 | msn.com

PennyMac Financial Services (PFSI) Price Target Increased by 17.50% to 88.89

July 30, 2023 | finance.yahoo.com

PennyMac Financial Services, Inc. (NYSE:PFSI) Analysts Just Slashed This Year's Estimates

July 29, 2023 | msn.com

Wedbush Maintains PennyMac Financial Services (PFSI) Outperform Recommendation

July 28, 2023 | msn.com

PennyMac Financial (PFSI) Q2 Earnings Meet Estimates

July 28, 2023 | stockhouse.com

PennyMac Financial Services, Inc. Reports Second Quarter 2023 Results

July 27, 2023 | seekingalpha.com

PennyMac Financial Services, Inc. 2023 Q2 - Results - Earnings Call Presentation

July 26, 2023 | benzinga.com

A Preview Of PennyMac Financial Servs's Earnings

July 17, 2023 | msn.com

Jefferies Initiates Coverage of PennyMac Financial Services (PFSI) with Buy Recommendation

July 17, 2023 | finance.yahoo.com

Will PennyMac Financial's Uptrend Continue?

July 17, 2023 | markets.businessinsider.com

Jefferies Initiates a Buy Rating on PennyMac Financial (PFSI)

July 13, 2023 | finance.yahoo.com

PennyMac Financial Services, Inc. Announces Date for Release of Second Quarter 2023 Results

July 4, 2023 | finance.yahoo.com

PFSI - PennyMac Financial Services, Inc.

June 22, 2023 | finance.yahoo.com

PennyMac Financial Services Reaches Key Resistance Point Again

June 9, 2023 | finance.yahoo.com

PennyMac Mortgage Investment Trust Declares Second Quarter 2023 Dividend for Its Common Shares

May 7, 2023 | finance.yahoo.com

Bearish Bets: 3 Stocks You Seriously Should Think About Shorting This Week

See More Headlines

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PFSI Company Calendar

Last Earnings: 7/27/2023
Ex-Dividend for 8/25 Dividend: 8/14/2023
Dividend Payable: 8/25/2023
Today: 10/02/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Mortgage bankers & correspondents
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:PFSI
CUSIP: N/A
CIK: 1568669
Web: www.pennymacfinancial.com
Phone: (818) 224-7442
Fax: N/A
Employees: 4,000
Year Founded: 2008

Price Target and Rating

Average Stock Price Forecast: $83.00
High Stock Price Forecast: $95.00
Low Stock Price Forecast: $69.00
Forecasted Upside/Downside: +24.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.85
Trailing P/E Ratio: 13.73
Forward P/E Ratio: 13.43
P/E Growth: N/A
Net Income: $475.51 million
Net Margins: 17.95%
Pretax Margin: 25.02%
Return on Equity: 7.80%
Return on Assets: 1.52%

Debt

Debt-to-Equity Ratio: 1.74
Current Ratio: 0.53
Quick Ratio: 0.53

Sales & Book Value

Annual Sales: $1.99 billion
Price / Sales: 1.67
Cash Flow: $11.08 per share
Price / Cash Flow: 6.01
Book Value: $69.44 per share
Price / Book: 0.96

Miscellaneous

Outstanding Shares: 49,870,000
Free Float: 41,196,000
Market Cap: $3.32 billion
Optionable: Optionable
Beta: 1.50

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Key Executives

Mr. David A. Spector (Age 60)
CEO & Chairman
Comp: $5.08M

Mr. Douglas Edward Jones (Age 66)
Pres, Chief Mortgage Banking Officer & Director
Comp: $3.42M

Mr. Daniel Stanley Perotti (Age 42)
Sr. MD & CFO
Comp: $1.83M

Mr. James Follette (Age 50)
Sr. MD & Chief Mortgage Operations Officer
Comp: $1.36M

Mr. Gregory L. Hendry (Age 62)
Chief Accounting Officer

Mr. Lior Ofir
Sr. MD & Chief Information Officer

Mr. Kevin Chamberlain
Exec. VP of Investor Relations

Mr. Derek W. Stark J.D. (Age 55)
Sr. MD, Chief Legal Officer & Sec.

Ms. Susan Hallock Smith
Sr. MD & Chief Marketing Officer

Ms. Jenny Rhodes
Sr. MD & Chief HR Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PFSI Stock - Frequently Asked Questions

Should I buy or sell PennyMac Financial Services stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PennyMac Financial Services in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PFSI shares.
View PFSI analyst ratings or view top-rated stocks.
What is PennyMac Financial Services' stock price forecast for 2023?: 6 Wall Street research analysts have issued 12 month price objectives for PennyMac Financial Services' shares. Their PFSI share price forecasts range from $69.00 to $95.00. On average, they expect the company's share price to reach $83.00 in the next year. This suggests a possible upside of 24.6% from the stock's current price.
View analysts price targets for PFSI or view top-rated stocks among Wall Street analysts.
How have PFSI shares performed in 2023?: PennyMac Financial Services' stock was trading at $56.66 at the start of the year. Since then, PFSI shares have increased by 17.5% and is now trading at $66.60.
View the best growth stocks for 2023 here.
When is PennyMac Financial Services' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our PFSI earnings forecast.
How were PennyMac Financial Services' earnings last quarter?: PennyMac Financial Services, Inc. (NYSE:PFSI) announced its earnings results on Thursday, July, 27th. The real estate investment trust reported $1.11 earnings per share for the quarter, meeting analysts' consensus estimates of $1.11. The real estate investment trust had revenue of $336.55 million for the quarter, compared to analysts' expectations of $391.93 million. PennyMac Financial Services had a net margin of 17.95% and a trailing twelve-month return on equity of 7.80%.
How often does PennyMac Financial Services pay dividends? What is the dividend yield for PennyMac Financial Services?: PennyMac Financial Services declared a quarterly dividend on Thursday, July 27th. Investors of record on Tuesday, August 15th will be paid a dividend of $0.20 per share on Friday, August 25th. This represents a $0.80 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Monday, August 14th.
Read our dividend analysis for PFSI.
What ETFs hold PennyMac Financial Services' stock?: ETFs with the largest weight of PennyMac Financial Services (NYSE:PFSI) stock in their portfolio include JPMorgan Active Small Cap Value ETF (JPSV), Fidelity Disruptive Finance ETF (FDFF), Cambria Shareholder Yield ETF (SYLD), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Dimensional US Small Cap Value ETF (DFSV) and Principal U.S. Small-Cap Multi-Factor ETF (PSC).JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) and

Is PennyMac Financial Services a good dividend stock?: PennyMac Financial Services (NYSE:PFSI) pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.20%. The dividend payout ratio is 16.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PFSI will have a dividend payout ratio of 8.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PFSI.
What other stocks do shareholders of PennyMac Financial Services own?: Based on aggregate information from My MarketBeat watchlists, some companies that other PennyMac Financial Services investors own include Alibaba Group (BABA), NVIDIA (NVDA), Taiwan Semiconductor Manufacturing (TSM), Advanced Micro Devices (AMD), Intel (INTC), Innovative Industrial Properties (IIPR), Verizon Communications (VZ), Fortinet (FTNT), Block (SQ) and AbbVie (ABBV).
What is PennyMac Financial Services' stock symbol?: PennyMac Financial Services trades on the New York Stock Exchange (NYSE) under the ticker symbol "PFSI."
How do I buy shares of PennyMac Financial Services?: Shares of PFSI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is PennyMac Financial Services' stock price today?: One share of PFSI stock can currently be purchased for approximately $66.60.
How much money does PennyMac Financial Services make?: PennyMac Financial Services (NYSE:PFSI) has a market capitalization of $3.32 billion and generates $1.99 billion in revenue each year. The real estate investment trust earns $475.51 million in net income (profit) each year or $4.85 on an earnings per share basis.
How many employees does PennyMac Financial Services have?: The company employs 4,000 workers across the globe.
How can I contact PennyMac Financial Services?: PennyMac Financial Services' mailing address is 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA, 91361. The official website for the company is www.pennymacfinancial.com. The real estate investment trust can be reached via phone at (818) 224-7442 or via email at pfsi_ir@pnmac.com.

This page (NYSE:PFSI) was last updated on 10/2/2023 by MarketBeat.com Staff

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