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

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PennyMac Financial Services in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PFSI shares.
View PFSI analyst ratings or view top-rated stocks.

4 Wall Street research analysts have issued 1 year price targets for PennyMac Financial Services' shares. Their PFSI share price forecasts range from $69.00 to $82.00. On average, they predict the company's share price to reach $75.33 in the next twelve months. This suggests a possible upside of 15.0% from the stock's current price.
View analysts price targets for PFSI or view top-rated stocks among Wall Street analysts.

PennyMac Financial Services' stock was trading at $56.66 at the beginning of the year. Since then, PFSI stock has increased by 15.6% and is now trading at $65.49.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our PFSI earnings forecast.

PennyMac Financial Services, Inc. (NYSE:PFSI) posted its quarterly earnings results on Thursday, April, 27th. The real estate investment trust reported $0.57 EPS for the quarter, missing the consensus estimate of $1.20 by $0.63. The real estate investment trust earned $302.90 million during the quarter, compared to analysts' expectations of $354.08 million. PennyMac Financial Services had a trailing twelve-month return on equity of 9.86% and a net margin of 20.37%. The firm's revenue was down 53.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.94 earnings per share.

PennyMac Financial Services announced a quarterly dividend on Thursday, April 27th. Stockholders of record on Tuesday, May 16th will be given a dividend of $0.20 per share on Friday, May 26th. This represents a $0.80 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Monday, May 15th.
Read our dividend analysis for PFSI.

ETFs with the largest weight of PennyMac Financial Services (NYSE:PFSI) stock in their portfolio include SPDR S&P Bank ETF (KBE), First Trust Small Cap Value AlphaDEX Fund (FYT), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Dimensional US Small Cap Value ETF (DFSV), Vanguard U.S. Quality Factor ETF (VFQY), Principal U.S. Small-Cap Multi-Factor ETF (PSC), Nuveen ESG Small-Cap ETF (NUSC) and First Trust Small Cap Core AlphaDEX Fund (FYX).

PennyMac Financial Services (NYSE:PFSI) pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.23%. The dividend payout ratio is 13.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PFSI will have a dividend payout ratio of 8.34% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PFSI.

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).

PennyMac Financial Services trades on the New York Stock Exchange (NYSE) under the ticker symbol "PFSI."

PennyMac Financial Services' stock is owned by a number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (4.85%), BlackRock Inc. (4.12%), State Street Corp (1.83%), Envestnet Asset Management Inc. (1.60%), Epoch Investment Partners Inc. (1.46%) and Basswood Capital Management L.L.C. (1.07%). Insiders that own company stock include Anne Mccallion, Daniel Stanley Perotti, David M Walker, David Spector, Derek Stark, Donald J White, Doug Jones, Emily Ann Youssouf, Farhad Nanji, Gregory L Hendry, James K Hunt, Jeffrey Grogin, Joseph F Mazzella, Kurland Family Investments, Ll, Matthew Botein, Mfn Partners, Lp, Patrick Kinsella, Stanford L Kurland, Steven Richard Bailey, Stuart J Rowley and Vandad Fartaj.
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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.
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One share of PFSI stock can currently be purchased for approximately $65.49.

PennyMac Financial Services (NYSE:PFSI) has a market capitalization of $3.27 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 $6.02 on an earnings per share basis.

The company employs 4,000 workers across the globe.

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.