PennyMac Financial
PFSI

$116.98

1.46%

Market Cap: $5.99B

About: PennyMac Financial Services Inc is a United States-based financial services company primarily engaged in mortgage lending. The company operates through three segments: production, servicing, and investment management. The company's production and servicing segment together form the mortgage banking business that includes mortgage loan origination, acquisition, and sale activities; while the investment management segment includes investment manager's activities, such as performing diligence, and managing acquired assets. The company generates the majority of revenue from its mortgage banking business.

Employees: 3,951

Financials Mortgage Bankers & Loan Correspondents

0

Funds holding %

of 6,710 funds

0

Analysts bullish %

of 4 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 4 (+2) [Q2]

41% more repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 54

5% more capital invested

Capital invested by funds: $2.62B [Q1] → $2.76B (+$144M) [Q2]

0.33% more ownership

Funds ownership: 57.06% [Q1] → 57.39% (+0.33%) [Q2]

8% less call options, than puts

Call options by funds: $47.4M | Put options by funds: $51.3M

4% less funds holding

Funds holding: 190 [Q1] → 183 (-7) [Q2]

20% less first-time investments, than exits

New positions opened: 28 | Existing positions closed: 35

See Fund Rankings

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$102

13%

downside

Avg. target

$109

7%

downside

High target

$120

3%

upside

4 analyst ratings

3 positive

75%

1 neutral

25%

0 negative

0%

Wedbush Jay McCanless 55% 1-year accuracy 38 / 69 met price target	3%upside $120	Outperform Maintained	24 Jul 2024
Piper Sandler Crispin Love 44% 1-year accuracy 11 / 25 met price target	4%downside $112	Overweight Maintained	24 Jul 2024
Keefe, Bruyette & Woods George Bose 100% 1-year accuracy 9 / 9 met price target	13%downside $102	Market Perform Downgraded	22 Jul 2024
Keefe, Bruyette & Woods George Bose 100% 1-year accuracy 9 / 9 met price target	13%downside $102	Outperform Maintained	10 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 7 articles about PFSI published over the past 30 days

Investors Business Daily

Huge Growth Is Just One Reason To Watch This Stock. Here's Another.

Boosted by several quarters of explosive growth and solid estimates ahead, PennyMac stock holds strong in buy range.

Huge Growth Is Just One Reason To Watch This Stock. Here's Another.

Investors Business Daily

249% Average Growth Is Just One Reason To Watch This Stock. Here's Another.

Boosted by several quarters of explosive growth and solid estimates ahead, PennyMac stock holds strong in buy range.

249% Average Growth Is Just One Reason To Watch This Stock. Here's Another.

PennyMac Financial Services, Inc. Announces Changes to Its Board of Directors

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) announced today that Sunil Chandra, a technology and financial services expert, has joined its Board of Directors and that James Hunt and Emily Youssouf will retire effective December 31, 2024. “I am extraordinarily grateful to both Jim and Emily for their long service on our Board of Directors, and for their ongoing commitment to and passion for our business,” said Chairman and Chief Executive Officer Dav.

PennyMac Financial Services, Inc. Announces Changes to Its Board of Directors

Investors Business Daily

Billboard Company, Mortgage Provider Hit New Highs, Buy Points

Outfront Media stock reached a buy point and a 52-week high on Friday. And a mortgage provider stock is in a buy zone after hitting a high.

Billboard Company, Mortgage Provider Hit New Highs, Buy Points

PennyMac Mortgage Investment Trust to Present at the 2024 Barclays Global Financial Services Conference

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that it will present jointly with PennyMac Financial Services, Inc. (NYSE: PFSI) at the 2024 Barclays Global Financial Services Conference. Chairman and Chief Executive Officer David Spector and Senior Managing Director and Chief Financial Officer Daniel Perotti will participate in a fireside chat at 10:30 a.m. Eastern Time on Monday, September 9, 2024. A link to the live audio webcast will.

PennyMac Mortgage Investment Trust to Present at the 2024 Barclays Global Financial Services Conference

PennyMac Financial Services, Inc. to Present at the 2024 Barclays Global Financial Services Conference

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) announced today that it will present jointly with PennyMac Mortgage Investment Trust (NYSE: PMT) at the 2024 Barclays Global Financial Services Conference. Chairman and Chief Executive Officer David Spector and Senior Managing Director and Chief Financial Officer Daniel Perotti will participate in a fireside chat at 10:30 a.m. Eastern Time on Monday, September 9, 2024. A link to the live audio webcast will.

PennyMac Financial Services, Inc. to Present at the 2024 Barclays Global Financial Services Conference

Three Ways to Play Housing in a Rate-Cut Cycle

Existing home inventory has soared

Three Ways to Play Housing in a Rate-Cut Cycle

Zacks Investment Research

Here's What Key Metrics Tell Us About PennyMac (PFSI) Q2 Earnings

While the top- and bottom-line numbers for PennyMac (PFSI) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About PennyMac (PFSI) Q2 Earnings

Zacks Investment Research

PennyMac Financial (PFSI) Surpasses Q2 Earnings Estimates

PennyMac Financial (PFSI) came out with quarterly earnings of $2.67 per share, beating the Zacks Consensus Estimate of $2.65 per share. This compares to earnings of $1.11 per share a year ago.

PennyMac Financial (PFSI) Surpasses Q2 Earnings Estimates

PennyMac Financial Services, Inc. (PFSI) Q2 2024 Earnings Call Transcript

PennyMac Financial Services, Inc. (NYSE:PFSI ) Q2 2024 Earnings Conference Call July 23, 2024 5:00 PM ET Company Participants David Spector - Chairman & Chief Executive Officer Dan Perotti - Chief Financial Officer Conference Call Participants Terry Ma - Barclays Bose George - KBW Michael Kaye - Wells Fargo Crispin Love - Piper Sandler Doug Harter - UBS Derek Sommers - Jefferies Eric Hagen - BTIG Shanna Qiu - Barclays Operator Good afternoon and welcome to PennyMac Financial Services Incorporated Second Quarter 2024 Earnings Call. Additional earnings materials, including presentation slides that will be referred to in this call are available on the PennyMac Financial website at pfsi.pennymac.com.

PennyMac Financial Services, Inc. (PFSI) Q2 2024 Earnings Call Transcript

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