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NYSE:PFSI

PennyMac Financial Services Stock Forecast, Price & News

$59.04
+1.43 (+2.48 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$57.75
Now: $59.04
$60.28
50-Day Range
$48.23
MA: $51.40
$58.05
52-Week Range
$13.14
Now: $59.04
$60.50
Volume1.54 million shs
Average Volume859,228 shs
Market Capitalization$4.27 billion
P/E Ratio5.13
Dividend Yield1.04%
Beta1.22
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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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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.48 billion
Cash Flow$13.96 per share
Book Value$26.26 per share

Profitability

Net Income$392.96 million

Miscellaneous

Employees4,215
Market Cap$4.27 billion
Next Earnings Date10/29/2020 (Estimated)
OptionableOptionable
$59.04
+1.43 (+2.48 %)
(As of 09/18/2020 12:00 AM 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 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 shares have increased by 70.2% and is now trading at $59.04.
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 quarterly earnings data on Thursday, August, 6th. The real estate investment trust reported $4.39 EPS for the quarter, topping analysts' consensus estimates of $3.04 by $1.35. The real estate investment trust had revenue of $821.63 million for the quarter, compared to the consensus estimate of $621.75 million. PennyMac Financial Services had a return on equity of 42.33% and a net margin of 37.77%. PennyMac Financial Services'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 announced a quarterly dividend on Thursday, August 6th. Shareholders 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 1.02%. The ex-dividend date of this dividend 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
.

What price target have analysts set for PFSI?

8 brokers have issued 12-month target prices for PennyMac Financial Services' shares. Their forecasts range from $40.00 to $70.00. On average, they expect PennyMac Financial Services' share price to reach $56.63 in the next twelve months. This suggests that the stock has a possible downside of 4.1%.
View analysts' price targets for PennyMac Financial Services
.

Are investors shorting PennyMac Financial Services?

PennyMac Financial Services saw a decrease in short interest during the month of August. As of August 14th, there was short interest totaling 2,880,000 shares, a decrease of 12.7% from the July 30th total of 3,300,000 shares. Based on an average daily volume of 838,100 shares, the days-to-cover ratio is presently 3.4 days. Currently, 4.9% of the shares of the company are sold short.
View PennyMac Financial Services' Short Interest
.

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), Taiwan Semiconductor Mfg. (TSM), NVIDIA (NVDA), Advanced Micro Devices (AMD), Fortinet (FTNT), Innovative Industrial Properties (IIPR), Intel (INTC), Square (SQ), AbbVie (ABBV) and Verizon Communications (VZ).

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 number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (5.01%), Goldman Sachs Group Inc. (1.17%), Grantham Mayo Van Otterloo & Co. LLC (0.77%), Nuveen Asset Management LLC (0.73%), Bank of New York Mellon Corp (0.47%) and FMR LLC (0.48%). 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 major investors are selling PennyMac Financial Services stock?

PFSI stock was sold by a variety of institutional investors in the last quarter, including Strycker View Capital LLC, Marshall Wace LLP, Marshall Wace North America L.P., Grantham Mayo Van Otterloo & Co. LLC, Mesirow Financial Investment Management Equity Management, FMR LLC, Hennessy Advisors Inc., and ClariVest Asset Management LLC. 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 major investors are buying PennyMac Financial Services stock?

PFSI stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Goldman Sachs Group Inc., Mangrove Partners, Pennsylvania Capital Management Inc. ADV, Nuveen Asset Management LLC, Emerald Mutual Fund Advisers Trust, Bank of New York Mellon Corp, and SG Americas Securities LLC. 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 $59.04.

How big of a company is PennyMac Financial Services?

PennyMac Financial Services has a market capitalization of $4.27 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 9/19/2020 by MarketBeat.com Staff

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