Should I buy or sell PennyMac Financial Services stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PennyMac Financial Services in the last year. There are currently 1 hold rating and 6 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 target for 2024?

7 Wall Street research analysts have issued 1-year price targets for PennyMac Financial Services' stock. Their PFSI share price targets range from $75.00 to $95.00. On average, they anticipate the company's stock price to reach $85.14 in the next year. This suggests a possible upside of 6.7% 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 40.8% and is now trading at $79.78. View the best growth stocks for 2023 here .

Are investors shorting PennyMac Financial Services?

PennyMac Financial Services saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 1,490,000 shares, a decline of 24.0% from the October 31st total of 1,960,000 shares. Based on an average trading volume of 253,800 shares, the short-interest ratio is currently 5.9 days. Approximately 3.2% of the company's shares are sold short. View PennyMac Financial Services' Short Interest .

When is PennyMac Financial Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024. View our PFSI earnings forecast .

How were PennyMac Financial Services' earnings last quarter?

PennyMac Financial Services, Inc. (NYSE:PFSI) posted its earnings results on Thursday, October, 26th. The real estate investment trust reported $1.77 earnings per share for the quarter, beating analysts' consensus estimates of $1.57 by $0.20. The real estate investment trust earned $400.31 million during the quarter, compared to analysts' expectations of $401.96 million. PennyMac Financial Services had a trailing twelve-month return on equity of 6.54% and a net margin of 15.88%. The firm's revenue for the quarter was down 16.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.46 earnings per share.

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, October 26th. Investors of record on Monday, November 13th will be paid a dividend of $0.20 per share on Wednesday, November 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, November 10th. Read our dividend analysis for PFSI .

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 1.03%. The dividend payout ratio is 19.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PFSI will have a dividend payout ratio of 8.69% next year. This indicates that the company will be able to sustain or increase its dividend. 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 Fidelity Disruptive Finance ETF (FDFF) , JPMorgan Active Small Cap Value ETF (JPSV) , 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

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) .

Who are PennyMac Financial Services' major shareholders?

PennyMac Financial Services' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Senvest Management LLC (5.23%), Invesco Ltd. (0.98%), Epoch Investment Partners Inc. (0.85%), Northern Trust Corp (0.80%), Charles Schwab Investment Management Inc. (0.79%) and Saba Capital Management L.P. (0.00%). 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, Mfn Partners, Lp, Patrick Kinsella , Stanford L Kurland, Steven Richard Bailey , Stuart J Rowley and Vandad Fartaj . View institutional ownership trends .

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 .

PennyMac Financial Services Stock Price, News & Analysis (NYSE:PFSI)

$79.78

+1.99 (+2.56%)

(As of 12/1/2023 ET)

Compare

Today's Range: $77.08
▼
$79.98
50-Day Range: $62.98
▼
$78.67
52-Week Range: $54.00
▼
$82.92

Volume: 232,914 shs
Average Volume: 251,498 shs
Market Capitalization: $3.98 billion

P/E Ratio: 19.18
Dividend Yield: 1.00%
Price Target: $85.14

PennyMac Financial Services MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.86 Rating Score
Upside/Downside: 6.7% Upside
$85.14 Price Target
Short Interest: Healthy
3.24% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -1.38
Upright™ Environmental Score
News Sentiment: 0.33
Based on 2 Articles This Week
Insider Trading: Selling Shares
$3.68 M Sold Last Quarter
Proj. Earnings Growth: 76.44%
From $5.22 to $9.21 Per Share

Overall MarketRank^™

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

2.47 out of 5 stars

Finance Sector

202nd out of 853 stocks

Mortgage Bankers & Correspondents Industry

1st out of 6 stocks

1.4

Analyst's Opinion

Consensus Rating
PennyMac Financial Services has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $85.14, PennyMac Financial Services has a forecasted upside of 6.7% from its current price of $79.78.
Amount of Analyst Coverage
PennyMac Financial Services has only been the subject of 3 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
3.24% 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 5.9.
Change versus previous month
Short interest in PennyMac Financial Services has recently decreased by 23.98%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
PennyMac Financial Services pays a meaningful dividend of 1.03%, 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 19.23%. 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 8.69% 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.

2.4

News and Social Media Coverage

News Sentiment
PennyMac Financial Services has a news sentiment score of 0.33. 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 is a lower news sentiment than the 0.65 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for PennyMac Financial Services this week, compared to 2 articles on an average week.
Search Interest
1 people have searched for PFSI on MarketBeat in the last 30 days.
MarketBeat Follows
5 people have added PennyMac Financial Services to their MarketBeat watchlist in the last 30 days. This is an increase of 400% 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 $3,676,616.00 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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for PennyMac Financial Services are expected to grow by 76.44% in the coming year, from $5.22 to $9.21 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PennyMac Financial Services is 19.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of PennyMac Financial Services is 19.18, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 33.67.
Price to Book Value per Share Ratio
PennyMac Financial Services has a P/B Ratio of 1.11. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About PennyMac Financial Services Stock (NYSE:PFSI)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PFSI Stock News Headlines

December 1, 2023 | americanbankingnews.com

PennyMac Financial Services (NYSE:PFSI) Upgraded to "Hold" by StockNews.com

November 25, 2023 | americanbankingnews.com

PennyMac Financial Services (NYSE:PFSI) Downgraded by StockNews.com to "Sell"

December 2, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 22, 2023 | americanbankingnews.com

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

November 21, 2023 | finance.yahoo.com

What Makes PennyMac (PFSI) a Good Fit for 'Trend Investing'

November 16, 2023 | tmcnet.com

PennyMac Mortgage Investment Trust Declares Fourth Quarter 2023 Dividends for Its Preferred Shares

November 16, 2023 | msn.com

Barclays Initiates Coverage of PennyMac Financial Services (PFSI) with Overweight Recommendation

November 14, 2023 | morningstar.com

PennyMac Financial Services Inc Class A

December 2, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 11, 2023 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: PennyMac Financial (PFSI), Logan Ridge Finance (LRFC) and WhiteHorse (WHF)

October 30, 2023 | markets.businessinsider.com

Analysts Conflicted on These Financial Names: T Rowe Price (TROW), PennyMac Financial (PFSI) and First Interstate Bancsystem (FIBK)

October 30, 2023 | finance.yahoo.com

PennyMac Financial Services (NYSE:PFSI) Is Paying Out A Dividend Of $0.20

October 28, 2023 | benzinga.com

PennyMac Financial Servs Stock (NYSE:PFSI), Analyst Ratings, Price Targets, Predictions

October 27, 2023 | msn.com

Piper Sandler Maintains PennyMac Financial Services (PFSI) Overweight Recommendation

October 27, 2023 | msn.com

PennyMac Financial declares $0.20 dividend

October 27, 2023 | finance.yahoo.com

PennyMac Financial Services, Inc. (NYSE:PFSI) Q3 2023 Earnings Call Transcript