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NYSE:PFSI

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

$66.93
-0.22 (-0.33%)
(As of 09/22/2023 ET)
Compare
Today's Range
$66.41
$67.47
50-Day Range
$66.93
$81.71
52-Week Range
$41.76
$82.92
Volume
136,559 shs
Average Volume
341,054 shs
Market Capitalization
$3.34 billion
P/E Ratio
13.80
Dividend Yield
1.20%
Price Target
$83.00

PennyMac Financial Services MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
24.0% Upside
$83.00 Price Target
Short Interest
Healthy
4.93% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.38
Upright™ Environmental Score
News Sentiment
0.92mentions of PennyMac Financial Services in the last 14 days
Based on 7 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.

2.85 out of 5 stars

Finance Sector

125th out of 809 stocks

Mortgage Bankers & Correspondents Industry

1st out of 4 stocks


PFSI stock logo

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

PFSI Stock News Headlines

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There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
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Will PennyMac Financial's Uptrend Continue?
Jefferies Initiates a Buy Rating on PennyMac Financial (PFSI)
PFSI - PennyMac Financial Services, Inc.
Piper Sandler Keeps Their Buy Rating on PennyMac Financial (PFSI)
See More Headlines
Receive PFSI Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for PennyMac Financial Services and its competitors with MarketBeat's FREE daily newsletter.

PFSI Company Calendar

Last Earnings
7/27/2023
Ex-Dividend for 8/25 Dividend
8/14/2023
Dividend Payable
8/25/2023
Today
9/22/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Mortgage bankers & correspondents
Sub-Industry
N/A
Sector
Finance
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
+23.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$475.51 million
Pretax Margin
25.02%

Debt

Sales & Book Value

Annual Sales
$1.99 billion
Cash Flow
$10.83 per share
Book Value
$69.44 per share

Miscellaneous

Free Float
41,196,000
Market Cap
$3.35 billion
Optionable
Optionable
Beta
1.50

Social Links

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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













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 year. 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 analysts have issued 12 month price targets for PennyMac Financial Services' stock. Their PFSI share price forecasts range from $69.00 to $95.00. On average, they predict the company's share price to reach $83.00 in the next year. This suggests a possible upside of 23.6% 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 beginning of the year. Since then, PFSI stock has increased by 18.5% and is now trading at $67.17.
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 quarterly earnings results on Thursday, July, 27th. The real estate investment trust reported $1.11 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.11. The real estate investment trust earned $336.55 million during 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 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Monday, August 14th.
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 1.16%. 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."

Who are PennyMac Financial Services' major shareholders?

PennyMac Financial Services' stock is owned by a variety of institutional and retail investors. Top institutional investors include Senvest Management LLC (5.52%), Dimensional Fund Advisors LP (5.16%), BlackRock Inc. (4.03%), State Street Corp (1.79%), Epoch Investment Partners Inc. (1.43%) and Geode Capital Management LLC (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, 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.

What is PennyMac Financial Services' stock price today?

One share of PFSI stock can currently be purchased for approximately $67.17.

How much money does PennyMac Financial Services make?

PennyMac Financial Services (NYSE:PFSI) has a market capitalization of $3.35 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 9/22/2023 by MarketBeat.com Staff

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