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PennyMac Financial Services, Inc. (PFSI)

NYSE: PFSI · IEX Real-Time Price · USD
67.81 -0.63 (-0.92%)
Dec 3, 2021 4:00 PM EST - Market closed
Market Cap4.00B
Revenue (ttm)3.52B
Net Income (ttm)1.28B
Shares Out59.03M
EPS (ttm)18.07
PE Ratio3.75
Forward PE4.81
Dividend$0.80 (1.18%)
Ex-Dividend DateNov 12, 2021
Volume551,260
Open68.87
Previous Close68.44
Day's Range67.09 - 68.97
52-Week Range55.11 - 70.99
Beta1.18
AnalystsBuy
Price Target86.25 (+27.2%)
Earnings DateNov 4, 2021

About PFSI

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 transa...

IndustryThrifts & Mortgage Finance
IPO DateMay 9, 2013
Employees7,261
Stock ExchangeNYSE
Ticker SymbolPFSI
Full Company Profile

Financial Performance

In 2020, PFSI's revenue was $3.71 billion, an increase of 150.82% compared to the previous year's $1.48 billion. Earnings were $1.65 billion, an increase of 319.09%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for PFSI stock is "Buy." The 12-month stock price forecast is 86.25, which is an increase of 27.19% from the latest price.

Price Target
$86.25
(27.19% upside)
Analyst Consensus: Buy

News

PennyMac Expands Its Leadership Team Hiring Jenny Rhodes as Managing Director and Chief Human Resources Officer

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) (PennyMac), one of the largest publicly-traded residential mortgage companies in the country, announced today it...

2 days ago - Business Wire

PennyMac Announces Organizational Changes and Update on Kurland Family Investments, LLC

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that Andrew S. Chang has decided to step down...

Other symbols:PMT
2 weeks ago - Business Wire

How Much Upside is Left in PennyMac (PFSI)? Wall Street Analysts Think 28%

The mean of analysts' price targets for PennyMac (PFSI) points to a 28% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in...

3 weeks ago - Zacks Investment Research

7 Stocks to Buy to Profit From Today's Home Buyer FOMO

So, if the housing space should stay hot, or at least avoid a crash, what are some of the stocks to buy with high exposure to this industry. These seven, a mix of homebuilders, ibuyers, mortgage lenders...

Other symbols:BZHCCSMTHOPENRKTRMAX
3 weeks ago - InvestorPlace

PennyMac Financial (PFSI) Tops Q3 Earnings and Revenue Estimates

PennyMac (PFSI) delivered earnings and revenue surprises of 14.80% and 1.61%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

4 weeks ago - Zacks Investment Research

PennyMac Financial Services, Inc. Reports Third Quarter 2021 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $249.3 million for the third quarter of 2021, or $3.80 per share on a diluted basis...

4 weeks ago - Business Wire

Analysts Estimate PennyMac Financial (PFSI) to Report a Decline in Earnings: What to Look Out for

PennyMac (PFSI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

PennyMac Financial Services, Inc. Announces Date for Release of Third Quarter 2021 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) will announce results for the quarter ended September 30, 2021 in a news release to be issued after the market c...

1 month ago - Business Wire

Wall Street Analysts Think PennyMac (PFSI) Could Surge 30%: Read This Before Placing a Bet

The mean of analysts' price targets for PennyMac (PFSI) points to a 30.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts ...

1 month ago - Zacks Investment Research

PennyMac (PFSI) Upgraded to Strong Buy: What Does It Mean for the Stock?

PennyMac (PFSI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

1 month ago - Zacks Investment Research

New Strong Buy Stocks for October 8th

CNXC, DLTH, NVEE, MRVI, and PFSI have been added to the Zacks Rank #1 (Strong Buy) List on October 8, 2021.

Other symbols:CNXCDLTHMRVINVEE
1 month ago - Zacks Investment Research

PennyMac Financial Services, Inc. Announces Receipt of Requisite Consents in Consent Solicitations for Each of Its 5....

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) (the “Company”) today announced that it has received the requisite consents to implement the Proposed Amendments...

1 month ago - Business Wire

Why PennyMac (PFSI) Could Be a Top Value Stock Pick

PennyMac (PFSI) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.

1 month ago - Zacks Investment Research

PennyMac Financial Services, Inc. Announces Extension of Consent Solicitations for Each of Its 5.375% Senior Notes du...

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) (the “Company”) today announced that it has extended the expiration date of its previously announced solicitatio...

1 month ago - Business Wire

PennyMac Companies Support Broker and Correspondent Partners By Offering Conforming High Balance Loan Amounts Up to $...

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT) (collectively “PennyMac”), leading companies in the residenti...

Other symbols:PMT
2 months ago - Business Wire

After Plunging 9.3% in 4 Weeks, Here's Why the Trend Might Reverse for PennyMac (PFSI)

PennyMac (PFSI) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates co...

2 months ago - Zacks Investment Research

PennyMac Financial Services, Inc. Announces Commencement of Consent Solicitations for Each of Its 5.375% Senior Notes...

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) (the “Company”) today announced that it is soliciting consents (the “Consent Solicitations”) from the holders of...

2 months ago - Business Wire

PennyMac Expands Use of ICE Mortgage Technology Suite with Encompass Investor Connect to Accelerate Correspondent Dig...

PLEASANTON, Calif.--(BUSINESS WIRE)--ICE Mortgage TechnologyTM, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announ...

Other symbols:ICE
2 months ago - Business Wire

PennyMac Financial Services, Inc. Announces Pricing of Private Offering of $500 Million of Senior Notes

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) (the “Company”) today announced the pricing of its offering of $500 million aggregate principal amount of 5.750%...

2 months ago - Business Wire

PennyMac Financial Services, Inc. Announces Proposed Private Offering of $500 Million of Senior Notes

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) (the “Company”) today announced that it intends to offer $500 million aggregate principal amount of Senior Notes...

2 months ago - Business Wire

PennyMac Financial Services, Inc. to Present at the 2021 Barclays Global Financial Services Conference

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) announced today that its Chairman and Chief Executive Officer, David A. Spector, and Senior Managing Director an...

2 months ago - Business Wire

PennyMac Financial (PFSI) Q2 Earnings and Revenues Lag Estimates

PennyMac (PFSI) delivered earnings and revenue surprises of -15.52% and -7.47%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Recap: PennyMac Financial Servs Q2 Earnings

Shares of PennyMac Financial Servs (NYSE:PFSI) were flat in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share were down 33.03% over the past year to $2.94,...

3 months ago - Benzinga

PennyMac Financial Services, Inc. Reports Second Quarter 2021 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $204.2 million for the second quarter of 2021, or $2.94 per share on a diluted basi...

3 months ago - Business Wire

PennyMac Financial (PFSI) Expected to Beat Earnings Estimates: Should You Buy?

PennyMac (PFSI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

4 months ago - Zacks Investment Research