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NYSE:PFSI

PennyMac Financial Services - PFSI Stock Forecast, Price & News

$56.70
+1.29 (+2.33%)
(As of 08/8/2022 11:58 AM ET)
Add
Compare
Today's Range
$56.16
$56.89
50-Day Range
$39.73
$57.11
52-Week Range
$38.53
$71.52
Volume
8,822 shs
Average Volume
609,364 shs
Market Capitalization
$3.14 billion
P/E Ratio
4.80
Dividend Yield
1.44%
Price Target
$72.17

PennyMac Financial Services MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
27.5% Upside
$72.17 Price Target
Short Interest
Bearish
6.10% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.38
Upright™ Environmental Score
News Sentiment
0.36mentions of PennyMac Financial Services in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$1.48 M Sold Last Quarter
Proj. Earnings Growth
8.43%
From $7.47 to $8.10 Per Share

Overall MarketRank

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

3.01 out of 5 stars

Finance Sector

103rd out of 1,207 stocks

Mortgage Bankers & Correspondents Industry

1st out of 7 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.

PennyMac Financial Services Price Performance

PFSI Stock traded down $0.61 during trading on Friday, hitting $55.41. 335,310 shares of the company's stock traded hands, compared to its average volume of 373,165. PennyMac Financial Services has a 52 week low of $38.53 and a 52 week high of $71.52. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.31 and a current ratio of 0.31. The business has a fifty day simple moving average of $48.00 and a 200 day simple moving average of $51.79. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 4.69 and a beta of 1.30.

PennyMac Financial Services (NYSE:PFSI - Get Rating) last released its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $2.94 EPS for the quarter, beating the consensus estimate of $2.89 by $0.05. PennyMac Financial Services had a net margin of 27.37% and a return on equity of 23.05%. The business had revenue of $657.50 million during the quarter, compared to analyst estimates of $622.14 million. During the same quarter last year, the business earned $5.15 earnings per share. PennyMac Financial Services's quarterly revenue was down 30.4% compared to the same quarter last year. As a group, research analysts expect that PennyMac Financial Services will post 7.47 EPS for the current fiscal year.

PennyMac Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Tuesday, August 16th will be issued a $0.20 dividend. The ex-dividend date is Monday, August 15th. This represents a $0.80 annualized dividend and a dividend yield of 1.44%. PennyMac Financial Services's dividend payout ratio (DPR) is presently 6.77%.

Analyst Upgrades and Downgrades

PFSI has been the subject of a number of analyst reports. Piper Sandler reduced their price objective on shares of PennyMac Financial Services from $82.00 to $79.00 and set an "overweight" rating for the company in a research note on Tuesday, June 28th. JMP Securities reduced their price objective on shares of PennyMac Financial Services from $75.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, May 25th. StockNews.com raised shares of PennyMac Financial Services from a "sell" rating to a "hold" rating in a research note on Thursday, May 19th. BTIG Research began coverage on shares of PennyMac Financial Services in a research note on Wednesday, April 20th. They set a "buy" rating and a $60.00 target price for the company. Finally, Credit Suisse Group cut their target price on shares of PennyMac Financial Services to $66.00 and set a "neutral" rating for the company in a research note on Thursday, May 19th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $72.17.

Insider Transactions at PennyMac Financial Services

In other news, Director Joseph F. Mazzella sold 14,295 shares of the firm's stock in a transaction dated Tuesday, July 19th. The shares were sold at an average price of $50.10, for a total value of $716,179.50. Following the completion of the sale, the director now owns 337,036 shares in the company, valued at approximately $16,885,503.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Joseph F. Mazzella sold 14,295 shares of the firm's stock in a transaction dated Tuesday, July 19th. The shares were sold at an average price of $50.10, for a total value of $716,179.50. Following the completion of the sale, the director now owns 337,036 shares in the company, valued at approximately $16,885,503.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph F. Mazzella sold 13,000 shares of the firm's stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $50.12, for a total transaction of $651,560.00. Following the completion of the sale, the director now owns 351,331 shares of the company's stock, valued at approximately $17,608,709.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,795 shares of company stock worth $1,480,640. 18.00% of the stock is currently owned by insiders.

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PFSI Stock News Headlines

PFSI Crosses Above Key Moving Average Level
6 Analysts Have This to Say About PennyMac Financial Servs
PennyMac Financial goes ex dividend tomorrow
Analyst Ratings for PennyMac Financial Servs
See More Headlines
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PFSI Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 5/27 Dividend
5/16/2022
Dividend Payable
5/27/2022
Today
8/08/2022
Ex-Dividend for 8/26 Dividend
8/15/2022
Dividend Payable
8/26/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Mortgage bankers & correspondents
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
6,900
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$72.17
High Stock Price Forecast
$90.00
Low Stock Price Forecast
$60.00
Forecasted Upside/Downside
+27.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$1.00 billion
Pretax Margin
37.76%

Debt

Sales & Book Value

Annual Sales
$3.17 billion
Cash Flow
$18.00 per share
Book Value
$60.11 per share

Miscellaneous

Free Float
45,447,000
Market Cap
$3.14 billion
Optionable
Optionable
Beta
1.30

Key Executives

  • Mr. David A. Spector (Age 59)
    CEO & Chairman
    Comp: $9.94M
  • Mr. Douglas Edward Jones (Age 65)
    Pres & Chief Mortgage Banking Officer
    Comp: $5.54M
  • Mr. Daniel Stanley Perotti (Age 41)
    Sr. MD & CFO
    Comp: $2.88M
  • Mr. Vandad Fartaj (Age 47)
    Sr. MD & Chief Investment Officer
    Comp: $3.88M
  • Mr. Gregory L. Hendry (Age 61)
    Chief Accounting Officer
  • Mr. Lior Ofir
    Sr. MD & Chief Information Officer
  • Mr. Isaac Garden
    VP of Investor Relations
  • Mr. Derek W. Stark J.D. (Age 54)
    Sr. MD, Chief Legal Officer & Sec.
  • Ms. Jenny Rhodes
    MD & Chief HR Officer
  • Mr. Steven Richard Bailey (Age 60)
    Chief Mortgage Operations Officer & Sr. Management Director













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 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PennyMac Financial Services stock.
View analyst ratings for PennyMac Financial Services
or view top-rated stocks.

What is PennyMac Financial Services' stock price forecast for 2022?

6 Wall Street research analysts have issued twelve-month price targets for PennyMac Financial Services' shares. Their PFSI stock forecasts range from $60.00 to $90.00. On average, they predict PennyMac Financial Services' share price to reach $72.17 in the next twelve months. This suggests a possible upside of 30.2% from the stock's current price.
View analysts' price targets for PennyMac Financial Services
or view top-rated stocks among Wall Street analysts.

How has PennyMac Financial Services' stock performed in 2022?

PennyMac Financial Services' stock was trading at $69.78 at the start of the year. Since then, PFSI shares have decreased by 20.6% and is now trading at $55.41.
View the best growth stocks for 2022 here
.

When is PennyMac Financial Services' next earnings date?

PennyMac Financial Services is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our earnings forecast for PennyMac Financial Services
.

How were PennyMac Financial Services' earnings last quarter?

PennyMac Financial Services, Inc. (NYSE:PFSI) posted its quarterly earnings results on Thursday, November, 4th. The real estate investment trust reported $3.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.31 by $0.49. The real estate investment trust earned $786.61 million during the quarter, compared to the consensus estimate of $832.20 million. PennyMac Financial Services had a net margin of 27.37% and a trailing twelve-month return on equity of 23.05%. The firm's revenue for the quarter was down 29.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.03 EPS.

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 Tuesday, August 2nd. Investors of record on Tuesday, August 16th will be given a dividend of $0.20 per share on Friday, August 26th. This represents a $0.80 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Monday, August 15th.
View PennyMac Financial Services' dividend history
.

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 1.44%. PennyMac Financial Services has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of PennyMac Financial Services is 6.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PennyMac Financial Services will have a dividend payout ratio of 9.88% next year. This indicates that PennyMac Financial Services will be able to sustain or increase its dividend.
View PennyMac Financial Services' dividend history.

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 shareholders include Gator Capital Management LLC (0.20%), Denali Advisors LLC (0.12%), State of New Jersey Common Pension Fund D (0.09%), Russell Investments Group Ltd. (0.07%), Robeco Institutional Asset Management B.V. (0.04%) and Commonwealth Equity Services LLC (0.03%). Company insiders that own PennyMac Financial Services stock include Andrew S Chang, Anne Mccallion, David M Walker, David Spector, Derek Stark, Doug Jones, Emily Ann Youssouf, Farhad Nanji, Jeffrey Grogin, Joseph F Mazzella, Kurland Family Investments, Ll, Matthew Botein, Mfn Partners, Lp, Patrick Kinsella, Stanford L Kurland, Stuart J Rowley and Vandad Fartaj.
View institutional ownership trends for PennyMac Financial Services
.

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 $55.41.

How much money does PennyMac Financial Services make?

PennyMac Financial Services (NYSE:PFSI) has a market capitalization of $3.07 billion and generates $3.17 billion in revenue each year. The real estate investment trust earns $1.00 billion in net income (profit) each year or $11.81 on an earnings per share basis.

How many employees does PennyMac Financial Services have?

PennyMac Financial Services employs 6,900 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 PennyMac Financial Services 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 8/8/2022 by MarketBeat.com Staff

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