PennyMac FinancialPFSI
PFSI
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: 4,309
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
65% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 26
25% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 5 (+1) [Q3]
24% more capital invested
Capital invested by funds: $2.78B [Q2] → $3.45B (+$666M) [Q3]
17% more call options, than puts
Call options by funds: $129M | Put options by funds: $110M
16% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 58
9% more funds holding
Funds holding: 183 [Q2] → 200 (+17) [Q3]
1.39% more ownership
Funds ownership: 57.71% [Q2] → 59.09% (+1.39%) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$111
9%
upside
Avg. target
$125
23%
upside
High target
$132
30%
upside
5 analyst ratings
4 positive
80%
1 neutral
20%
0 negative
0%
Keefe, Bruyette & Woods George Bose 100% 1-year accuracy 5 / 5 met price target | 9%upside $111 | Market Perform Maintained | 10 Dec 2024 |
Wells Fargo Michael Kaye 100% 1-year accuracy 3 / 3 met price target | 23%upside $125 | Overweight Maintained | 24 Oct 2024 |
Wedbush Jay McCanless 74% 1-year accuracy 51 / 69 met price target | 28%upside $130 | Outperform Reiterated | 23 Oct 2024 |
Piper Sandler Crispin Love 65% 1-year accuracy 17 / 26 met price target | 30%upside $132 | Overweight Maintained | 23 Oct 2024 |
Barclays Mark Devries 94% 1-year accuracy 29 / 31 met price target | 23%upside $125 | Overweight Maintained | 8 Oct 2024 |
Financial journalist opinion
Neutral
Zacks Investment Research
5 days ago
Is the Options Market Predicting a Spike in PennyMac Financial (PFSI) Stock?
Investors need to pay close attention to PennyMac Financial (PFSI) stock based on the movements in the options market lately.
Positive
Zacks Investment Research
1 month ago
Momentum Alert: Top Financial Stocks Soar (PFSI, NTRS)
The financial sector has quietly emerged as one of the market's top-performing areas, with several standout stocks offering particularly compelling setups. A mix of higher interest rates, strong economic growth and fair valuations have made financial services stocks popular additions to investors' portfolios.
Neutral
Zacks Investment Research
1 month ago
Zacks Industry Outlook PennyMac Financial, Lending Tree and Onity Group
PennyMac Financial, Lending Tree and Onity Group have been highlighted in this Screen of The Week article.
Positive
Zacks Investment Research
1 month ago
3 Stocks to Buy From Prospering Mortgage & Related Services Industry
Declining mortgage rates and interest rate cuts paint a favorable picture for the Zacks Mortgage & Related Services industry. Industry players like PFSI, TREE and ONIT are poised to flourish.
Positive
Zacks Investment Research
1 month ago
Down -11.42% in 4 Weeks, Here's Why PennyMac (PFSI) Looks Ripe for a Turnaround
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 could lead to a trend reversal for the stock.
Neutral
Seeking Alpha
1 month ago
PennyMac Financial Services, Inc. (PFSI) Q3 2024 Earnings Call Transcript
PennyMac Financial Services, Inc. (NYSE:PFSI ) Q3 2024 Results Conference Call October 22, 2024 5:00 PM ET Company Participants David Spector - Chairman and Chief Executive Officer Dan Perotti - Chief Financial Officer Conference Call Participants Doug Harter - UBS Crispin Love - Piper Sandler Bose George - KBW Mark DeVries - Deutsche Bank Terry Ma - Barclays Trevor Cranston - Citizens JMP Derek Sommers - Jefferies Brian Violino - Wedbush Operator Good afternoon, and welcome to PennyMac Financial Services, Inc.'s Third Quarter 2024 Earnings Call. Additional earnings materials, including presentation slides that will be referred to in this call are available on PennyMac Financial's website at pfsi.pennymac.com.
Positive
Zacks Investment Research
1 month ago
PennyMac (PFSI) Reports Q3 Earnings: What Key Metrics Have to Say
The headline numbers for PennyMac (PFSI) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
1 month ago
PennyMac Financial (PFSI) Q3 Earnings Top Estimates
PennyMac Financial (PFSI) came out with quarterly earnings of $3.49 per share, beating the Zacks Consensus Estimate of $2.92 per share. This compares to earnings of $1.77 per share a year ago.
Neutral
Business Wire
1 month ago
PennyMac Financial Services, Inc. Reports Third Quarter 2024 Results
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $69.4 million for the third quarter of 2024, or $1.30 per share on a diluted basis, on revenue of $411.8 million. Book value per share increased to $72.95 from $71.76 at June 30, 2024. PFSI's Board of Directors declared a third quarter cash dividend of $0.30 per share, payable on November 27, 2024, to common stockholders of record as of November 18, 2024. Third Quarter 2024 Hig.
Neutral
Business Wire
2 months ago
PennyMac Financial Services, Inc. Announces Date for Release of Third Quarter 2024 Results
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) will announce results for the quarter ended September 30, 2024, in a news release to be issued after the market close on Tuesday, October 22, 2024. Management will also host a conference call and live audio webcast at 5:00 p.m. Eastern Time to review the results. The release, webcast, and accompanying materials will be available online at pfsi.pennymac.com. A replay of the webcast will be available shortly.
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