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NYSE:PFSI

PennyMac Financial Services Stock Forecast, Price & News

$51.55
-1.85 (-3.46 %)
(As of 10/28/2020 12:00 AM ET)
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Today's Range
$51.42
Now: $51.55
$53.52
50-Day Range
$50.62
MA: $59.12
$66.80
52-Week Range
$13.14
Now: $51.55
$67.77
Volume823,471 shs
Average Volume834,428 shs
Market Capitalization$3.73 billion
P/E Ratio4.48
Dividend Yield1.12%
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.7Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.82 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$10.29 per share
Book Value$26.26 per share

Profitability

Net Income$392.96 million

Miscellaneous

Market Cap$3.73 billion
Next Earnings Date10/29/2020 (Estimated)
OptionableOptionable
$51.55
-1.85 (-3.46 %)
(As of 10/28/2020 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 COVID-19 (Coronavirus)?

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.
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 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
.

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. 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
.

What price target have analysts set for PFSI?

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
.

Are investors shorting 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
.

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 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
.

Which major 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., 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
.

Which major investors are buying PennyMac Financial Services stock?

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
.

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 $51.55.

How big of a company is PennyMac Financial Services?

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.

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 10/29/2020 by MarketBeat.com Staff

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