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NYSE:PFSI - PennyMac Financial Services Stock Price, Forecast & News

$24.01
-1.78 (-6.90 %)
(As of 03/30/2020 09:02 AM ET)
Today's Range
$23.70
Now: $24.01
$25.66
50-Day Range
$16.90
MA: $32.15
$38.97
52-Week Range
$13.14
Now: $24.01
$39.57
Volume889,709 shs
Average Volume1.55 million shs
Market Capitalization$1.89 billion
P/E Ratio4.91
Dividend Yield2.00%
Beta0.38
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: Loan Production, Loan Servicing, and Investment Management. The Loan Production segment is involved in the origination, acquisition, and sale of mortgage loans. This segment originates first-lien residential conventional and government-insured or guaranteed mortgage loans. The Loan Servicing segment engages in the servicing of newly originated mortgage loans, and execution and management of early buyout 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 mortgagors; and supervising foreclosures and property dispositions. This segment also services conventional and government-insured or guaranteed loans; and distressed mortgage loans that have been acquired as investments by its advised entities. 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 the acquired assets. PennyMac Financial Services, Inc. was founded in 2008 and is headquartered in Westlake Village, California.
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PennyMac Financial Services logo

Industry, Sector and Symbol

Industry Mortgage bankers & correspondents
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone818-224-7442

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.48 billion
Cash Flow$12.70 per share
Book Value$26.26 per share

Profitability

Net Income$392.96 million

Miscellaneous

Employees4,215
Market Cap$1.89 billion
Next Earnings Date5/7/2020 (Estimated)
OptionableOptionable

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PennyMac Financial Services (NYSE:PFSI) Frequently Asked Questions

How has PennyMac Financial Services' stock been impacted by COVID-19 (Coronavirus)?

PennyMac Financial Services' stock was trading at $34.68 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PFSI shares have decreased by 30.8% and is now trading at $24.01. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of PennyMac Financial Services?

7 Wall Street 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, resulting in a consensus recommendation of "Buy." View analyst ratings for PennyMac Financial Services.

When is PennyMac Financial Services' next earnings date?

PennyMac Financial Services is scheduled to release its next quarterly earnings announcement on Thursday, May 7th 2020. View our earnings forecast for PennyMac Financial Services.

How were PennyMac Financial Services' earnings last quarter?

PennyMac Financial Services Inc (NYSE:PFSI) announced its quarterly earnings results on Thursday, February, 6th. The real estate investment trust reported $1.88 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.31. The real estate investment trust earned $490.38 million during the quarter, compared to analysts' expectations of $454.75 million. PennyMac Financial Services had a net margin of 26.60% and a return on equity of 21.09%. View PennyMac Financial Services' earnings history.

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, February 6th. Shareholders of record on Friday, February 14th will be given a dividend of $0.12 per share on Thursday, February 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Thursday, February 13th. View PennyMac Financial Services' dividend history.

What price target have analysts set for PFSI?

7 equities research analysts have issued 12 month target prices for PennyMac Financial Services' stock. Their forecasts range from $25.00 to $44.00. On average, they anticipate PennyMac Financial Services' share price to reach $35.71 in the next year. This suggests a possible upside of 48.7% from the stock's current price. View analysts' price targets for PennyMac Financial Services.

Has PennyMac Financial Services been receiving favorable news coverage?

News coverage about PFSI stock has trended somewhat negative recently, InfoTrie reports. The research group scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. PennyMac Financial Services earned a daily sentiment score of -1.0 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutPennyMac Financial Services.

Are investors shorting PennyMac Financial Services?

PennyMac Financial Services saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 2,763,300 shares, an increase of 11.9% from the February 27th total of 2,470,000 shares. Based on an average trading volume of 620,300 shares, the short-interest ratio is currently 4.5 days. Approximately 5.9% of the shares of the stock are short sold. View PennyMac Financial Services' Current Options Chain.

Who are some of PennyMac Financial Services' key competitors?

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), Verizon Communications (VZ), Paycom Software (PAYC), Taiwan Semiconductor Mfg. (TSM), Advanced Micro Devices (AMD), Fortinet (FTNT), NVIDIA (NVDA), Xilinx (XLNX), ARBOR RLTY TR I/SH (ABR) and Home Depot (HD).

Who are PennyMac Financial Services' key executives?

PennyMac Financial Services' management team includes the following people:
  • Mr. Stanford Lee Kurland, Exec. Chairman (Age 67)
  • Mr. David A. Spector, Pres, CEO & Director (Age 56)
  • Mr. Andrew S. Chang, Sr. MD & CFO (Age 42)
  • Mr. Vandad Fartaj, Chief Capital Markets Officer & Sr. MD (Age 44)
  • Mr. Douglas Jones, Sr. MD & Chief Mortgage Banking Officer (Age 62)

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 retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (1.28%), Senvest Management LLC (0.94%), Loomis Sayles & Co. L P (0.81%), State Street Corp (0.77%), Geode Capital Management LLC (0.59%) and Bank of New York Mellon Corp (0.41%). Company insiders that own PennyMac Financial Services stock include Andrew S Chang, Anne Mccallion, David M Walker, David Spector, Doug Jones, Gregory L Hendry, Jeffrey Grogin, Joseph F Mazzella, Matthew Botein, Patrick Kinsella, Stanford L Kurland and Vandad Fartaj. View institutional ownership trends for PennyMac Financial Services.

Which major investors are selling PennyMac Financial Services stock?

PFSI stock was sold by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Senvest Management LLC, Cubist Systematic Strategies LLC, 361 Capital LLC, Alliancebernstein L.P., State of New Jersey Common Pension Fund D, EAM Investors LLC, and Bank of America Corp DE. Company insiders that have sold PennyMac Financial Services company stock in the last year include Anne Mccallion, David M Walker, David Spector, Doug Jones, Jeffrey Grogin, Joseph F Mazzella, Matthew Botein, and Stanford L Kurland. View insider buying and selling activity for PennyMac Financial Services.

Which major investors are buying PennyMac Financial Services stock?

PFSI stock was purchased by a variety of institutional investors in the last quarter, including Loomis Sayles & Co. L P, Renaissance Technologies LLC, Penserra Capital Management LLC, Eagle Asset Management Inc., Goldman Sachs Group Inc., Bank of New York Mellon Corp, Clark Capital Management Group Inc., and California Public Employees Retirement System. Company insiders that have bought PennyMac Financial Services stock in the last two years include Andrew S Chang, and Patrick Kinsella. View insider buying and selling activity for PennyMac Financial Services.

How do I buy shares of PennyMac Financial Services?

Shares of PFSI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is PennyMac Financial Services' stock price today?

One share of PFSI stock can currently be purchased for approximately $24.01.

How big of a company is PennyMac Financial Services?

PennyMac Financial Services has a market capitalization of $1.89 billion and generates $1.48 billion in revenue each year. The real estate investment trust earns $392.96 million in net income (profit) each year or $4.89 on an earnings per share basis. PennyMac Financial Services employs 4,215 workers across the globe. View additional information about PennyMac Financial Services.

What is PennyMac Financial Services' official website?

The official website for PennyMac Financial Services is http://www.pennymacfinancial.com/.

How can I contact PennyMac Financial Services?

PennyMac Financial Services' mailing address is 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA, 91361. The real estate investment trust can be reached via phone at 818-224-7442 or via email at [email protected]


MarketBeat Community Rating for PennyMac Financial Services (NYSE PFSI)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  333 (Vote Outperform)
Underperform Votes:  303 (Vote Underperform)
Total Votes:  636
MarketBeat's community ratings are surveys of what our community members think about PennyMac Financial Services and other stocks. Vote "Outperform" if you believe PFSI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PFSI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/30/2020 by MarketBeat.com Staff

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