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NYSE:PFSI

PennyMac Financial Services Stock Forecast, Price & News

$56.30
-2.32 (-3.96 %)
(As of 10/22/2020 03:40 PM ET)
Add
Compare
Today's Range
$55.81
Now: $56.30
$59.99
50-Day Range
$50.55
MA: $58.36
$66.80
52-Week Range
$13.14
Now: $56.30
$67.77
Volume50,569 shs
Average Volume831,391 shs
Market Capitalization$4.08 billion
P/E Ratio4.89
Dividend Yield0.97%
Beta1.14
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, government-insured or guaranteed mortgage loans, and home equity loans. The Loan Servicing segment engages in the servicing of newly originated mortgage 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. This segment also services conventional and government-insured or guaranteed mortgage loans, and home equity 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 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

Beat the Market (BTM) Rank

Analyst Opinion: 1.5Community Rank: 2.7Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.62 out of 5 stars

Industry, Sector and Symbol

Industry Mortgage bankers & correspondents
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone818-224-7442
Employees4,215

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.48 billion
Cash Flow$10.85 per share
Book Value$26.26 per share

Profitability

Net Income$392.96 million

Miscellaneous

Market Cap$4.08 billion
Next Earnings Date10/29/2020 (Estimated)
OptionableOptionable
$56.30
-2.32 (-3.96 %)
(As of 10/22/2020 03:40 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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PennyMac Financial Services (NYSE:PFSI) Frequently Asked Questions

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

PennyMac Financial Services' stock was trading at $34.68 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PFSI stock has increased by 61.5% and is now trading at $56.00.
View which stocks have been most impacted by COVID-19
.

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

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
.

When is PennyMac Financial Services' next earnings date?

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
.

How were PennyMac Financial Services' earnings last quarter?

PennyMac Financial Services, Inc. (NYSE:PFSI) issued its earnings results on Thursday, August, 6th. The real estate investment trust reported $4.39 earnings per share for the quarter, topping the Zacks' consensus estimate of $3.04 by $1.35. The real estate investment trust had revenue of $821.63 million for 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 company's quarterly revenue was up 171.2% on a year-over-year basis.
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, August 6th. Stockholders of record on Monday, August 17th will be paid a dividend of $0.15 per share on Friday, August 28th. This represents a $0.60 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, August 14th. This is an increase from PennyMac Financial Services's previous quarterly dividend of $0.12.
View PennyMac Financial Services' dividend history
.

What price target have analysts set for PFSI?

8 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' stock price to reach $61.63 in the next year. This suggests a possible upside of 10.0% from the stock's current price.
View analysts' price targets for PennyMac Financial Services
.

Who are some of PennyMac Financial Services' key competitors?

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).
View all 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), 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).

Who are PennyMac Financial Services' key executives?

PennyMac Financial Services' management team includes the following people:
  • Mr. Stanford Lee Kurland, Non-Exec. Chairman (Age 68, Pay $11.17M)
  • Mr. David A. Spector, Pres, CEO & Director (Age 57, Pay $8.12M)
  • Mr. Andrew S. Chang, Sr. MD & CFO (Age 43, Pay $3.31M)
  • Mr. Vandad Fartaj, Sr. MD & Chief Investment Officer (Age 45, Pay $3.39M)
  • Mr. Douglas Jones, Sr. MD & Chief Mortgage Banking Officer (Age 63, Pay $5.16M)

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 Professional Planning (0.19%), Foster & Motley Inc. (0.10%), Assenagon Asset Management S.A. (0.04%), Hennessy Advisors Inc. (0.02%), Campbell & CO Investment Adviser LLC (0.01%) and Symphony Financial Ltd. Co. (0.01%). 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
.

Which institutional investors are selling PennyMac Financial Services stock?

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., 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
.

Which institutional investors are buying PennyMac Financial Services stock?

PFSI stock was acquired by a variety of institutional investors in the last quarter, including Symphony Financial Ltd. Co., Private Advisory Group LLC, Diversified Trust Co, Campbell & CO Investment Adviser LLC, Nisa Investment Advisors LLC, and USA Financial Portformulas Corp. 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 $56.00.

How big of a company is PennyMac Financial Services?

PennyMac Financial Services has a market capitalization of $4.05 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.

What is PennyMac Financial Services' official website?

The official website for PennyMac Financial Services is 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]

This page was last updated on 10/22/2020 by MarketBeat.com Staff

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