PennyMac Financial Services Stock Forecast, Price & News

PennyMac Financial Services' stock was trading at $34.68 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PFSI shares have increased by 48.6% and is now trading at $51.55.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PennyMac Financial Services in the last year. There are currently 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for PennyMac Financial Services.

PennyMac Financial Services is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for PennyMac Financial Services.

PennyMac Financial Services, Inc. (NYSE:PFSI) issued its quarterly earnings data on Thursday, August, 6th. The real estate investment trust reported $4.39 EPS for the quarter, topping the Zacks' consensus estimate of $3.04 by $1.35. The real estate investment trust earned $821.63 million during the quarter, compared to analysts' expectations of $621.75 million. PennyMac Financial Services had a return on equity of 42.33% and a net margin of 37.77%. The business's revenue was up 171.2% on a year-over-year basis.
View PennyMac Financial Services' earnings history.

PennyMac Financial Services declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Monday, August 17th will be given a dividend of $0.15 per share on Friday, August 28th. This represents a $0.60 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Friday, August 14th. This is a boost from PennyMac Financial Services's previous quarterly dividend of $0.12.
View PennyMac Financial Services' dividend history.

8 equities research analysts have issued 12 month price objectives for PennyMac Financial Services' shares. Their forecasts range from $40.00 to $79.00. On average, they expect PennyMac Financial Services' share price to reach $61.63 in the next year. This suggests a possible upside of 19.5% from the stock's current price.
View analysts' price targets for PennyMac Financial Services.

PennyMac Financial Services saw a increase in short interest in the month of October. As of October 15th, there was short interest totaling 3,330,000 shares, an increase of 14.4% from the September 30th total of 2,910,000 shares. Based on an average trading volume of 725,300 shares, the days-to-cover ratio is presently 4.6 days. Approximately 5.8% of the shares of the company are short sold.
View PennyMac Financial Services' Short Interest.

Some companies that are related to PennyMac Financial Services include Rocket Companies (RKT), Ocwen Financial (OCN), Farmhouse (FMHS), Mopals.com (PALS) and PSM HOLDINGS IN/SH (PSMH).
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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), Square (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 many different retail and institutional investors. Top institutional investors include Professional Planning (0.19%), Foundry Partners LLC (0.13%), Emerald Mutual Fund Advisers Trust (0.10%), Foster & Motley Inc. (0.10%), State of New Jersey Common Pension Fund D (0.06%) and Assenagon Asset Management S.A. (0.04%). Company insiders that own PennyMac Financial Services stock include Andrew S Chang, Anne Mccallion, David M Walker, David Spector, Doug Jones, Farhad Nanji, Jeffrey Grogin, Joseph F Mazzella, Matthew Botein, Patrick Kinsella and Stanford L Kurland.
View institutional ownership trends for PennyMac Financial Services.

PFSI stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Denali Advisors LLC, Professional Planning, Hennessy Advisors Inc., State of New Jersey Common Pension Fund D, Emerald Mutual Fund Advisers Trust, Bowling Portfolio Management LLC, and Foster & Motley Inc.. Company insiders that have sold PennyMac Financial Services company stock in the last year include Anne Mccallion, David M Walker, David Spector, Doug Jones, Farhad Nanji, Jeffrey Grogin, Joseph F Mazzella, Matthew Botein, and Stanford L Kurland.
View insider buying and selling activity for PennyMac Financial Services.

PFSI stock was acquired by a variety of institutional investors in the last quarter, including Foundry Partners LLC, Symphony Financial Ltd. Co., Private Advisory Group LLC, Diversified Trust Co, Campbell & CO Investment Adviser LLC, Nisa Investment Advisors LLC, USA Financial Portformulas Corp, and Duncker Streett & Co. Inc.. 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.

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.

One share of PFSI stock can currently be purchased for approximately $51.55.

PennyMac Financial Services has a market capitalization of $3.73 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.

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

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]