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 to allow customers to purchase or refinance their homes. 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 for the advised entities. PennyMac Financial Services, Inc. was founded in 2008 and is based in Westlake Village, California.
Industry, Sector and Symbol
Industry Mortgage bankers & correspondents
Sub-IndustryN/A
SectorFinance
SymbolNYSE:PFSI
CUSIPN/A
Phone818-224-7442
Debt
Debt-to-Equity Ratio1.30
Current Ratio0.17
Quick Ratio0.17
Price-To-Earnings
Trailing P/E Ratio9.30
Forward P/E Ratio7.30
P/E Growth0.98
Sales & Book Value
Annual Sales$955.46 million
Price / Sales0.52
Cash Flow$14.5035 per share
Price / Cash1.41
Book Value$73.09 per share
Price / Book0.28
Profitability
EPS (Most Recent Fiscal Year)$2.20
Net Income$100.75 million
Net Margins10.77%
Return on Equity3.67%
Return on Assets0.90%
Miscellaneous
Employees3,189
Outstanding Shares24,090,000
PennyMac Financial Services (NYSE:PFSI) Frequently Asked Questions
What is PennyMac Financial Services' stock symbol?
PennyMac Financial Services trades on the New York Stock Exchange (NYSE) under the ticker symbol "PFSI."
How will PennyMac Financial Services' stock buyback program work?
PennyMac Financial Services declared that its Board of Directors has initiated a stock repurchase program on Thursday, June 22nd 2017, which permits the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 137% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.
How were PennyMac Financial Services' earnings last quarter?
PennyMac Financial Services Inc (NYSE:PFSI) released its quarterly earnings data on Thursday, May, 3rd. The real estate investment trust reported $0.67 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.73 by $0.06. The real estate investment trust had revenue of $238.20 million for the quarter, compared to analysts' expectations of $234.60 million. PennyMac Financial Services had a net margin of 10.77% and a return on equity of 3.67%. View PennyMac Financial Services' Earnings History.
When is PennyMac Financial Services' next earnings date?
What price target have analysts set for PFSI?
5 brokerages have issued twelve-month target prices for PennyMac Financial Services' shares. Their forecasts range from $21.00 to $30.00. On average, they anticipate PennyMac Financial Services' stock price to reach $25.6667 in the next twelve months. View Analyst Ratings for PennyMac Financial Services.
Who are some of PennyMac Financial Services' key competitors?
Some companies that are related to PennyMac Financial Services include ProAssurance (PRA), Nuveen Municipal Value Fund (NUV), Tritax Big Box REIT (BBOX), Alexander's (ALX), Select Income REIT (SIR), Berkshire Hills Bancorp (BHLB), Chesapeake Lodging Trust (CHSP), Provident Financial Services (PFS), PPDAI Group (PPDF), PIRAEUS Bk S A/ADR (BPIRD), Pra Group (PRAA), Capitol Federal Financial (CFFN), Horace Mann Educators (HMN), Mack Cali Realty (CLI) and FGL (FG).
Who are PennyMac Financial Services' key executives?
PennyMac Financial Services' management team includes the folowing people:
- Mr. Stanford Lee Kurland, Exec. Chairman (Age 66)
- Mr. David A. Spector, Pres, CEO & Director (Age 55)
- Mr. Andrew S. Chang, Sr. MD & CFO (Age 41)
- Mr. Vandad Fartaj, Chief Capital Markets Officer & Sr. MD (Age 43)
- Mr. Douglas Jones, Sr. MD & Chief Mortgage Banking Officer (Age 61)
Has PennyMac Financial Services been receiving favorable news coverage?
News articles about PFSI stock have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PennyMac Financial Services earned a media sentiment score of 0.09 on Accern's scale. They also gave news articles about the real estate investment trust an impact score of 46.62 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are PennyMac Financial Services' major shareholders?
PennyMac Financial Services' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (3.06%), JPMorgan Chase & Co. (2.17%), Boston Partners (1.98%), Hennessy Advisors Inc. (0.67%), Wells Fargo & Company MN (0.48%) and Russell Investments Group Ltd. (0.38%). Company insiders that own PennyMac Financial Services stock include Andrew S Chang, Anne Mccallion, Daniel Stanley Perotti, David M Walker, David Spector, Doug Jones, Gregory L Hendry, Jeffrey Grogin, Leon G Cooperman, Matthew Botein, Stanford L Kurland, Steven Richard Bailey and Vandad Fartaj. View Institutional Ownership Trends for PennyMac Financial Services.
Which institutional investors are selling PennyMac Financial Services stock?
PFSI stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Russell Investments Group Ltd., UBS Group AG, Wells Fargo & Company MN and Royal Bank of Canada. Company insiders that have sold PennyMac Financial Services company stock in the last year include Anne Mccallion, Daniel Stanley Perotti, David M Walker, David Spector, Doug Jones, Gregory L Hendry, Jeffrey Grogin, Matthew Botein, Stanford L Kurland and Vandad Fartaj. View Insider Buying and Selling for PennyMac Financial Services.
Which institutional investors are buying PennyMac Financial Services stock?
PFSI stock was purchased by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc., JPMorgan Chase & Co., Dimensional Fund Advisors LP, American International Group Inc., Hillsdale Investment Management Inc., Franklin Resources Inc., Element Capital Management LLC and O Shaughnessy Asset Management LLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is PennyMac Financial Services' stock price today?
One share of PFSI stock can currently be purchased for approximately $20.45.
How big of a company is PennyMac Financial Services?
PennyMac Financial Services has a market capitalization of $495.09 million and generates $955.46 million in revenue each year. The real estate investment trust earns $100.75 million in net income (profit) each year or $2.20 on an earnings per share basis. PennyMac Financial Services employs 3,189 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 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 (PFSI)
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.
