PennyMac Financial Services, Inc. (PFSI)
| Market Cap | 4.00B |
| Revenue (ttm) | 3.52B |
| Net Income (ttm) | 1.28B |
| Shares Out | 59.03M |
| EPS (ttm) | 18.07 |
| PE Ratio | 3.75 |
| Forward PE | 4.81 |
| Dividend | $0.80 (1.18%) |
| Ex-Dividend Date | Nov 12, 2021 |
| Volume | 551,260 |
| Open | 68.87 |
| Previous Close | 68.44 |
| Day's Range | 67.09 - 68.97 |
| 52-Week Range | 55.11 - 70.99 |
| Beta | 1.18 |
| Analysts | Buy |
| Price Target | 86.25 (+27.2%) |
| Earnings Date | Nov 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...
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 StatementsAnalyst 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.
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...
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...
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...
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...
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?
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...
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.
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...
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 ...
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.
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.
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...
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.
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...
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...
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...
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...
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...
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%...
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...
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...
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?
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,...
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...
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.