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: 4,100
0
Funds holding %
of 7,139 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
29% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 28
2% more funds holding
Funds holding: 200 [Q3] → 203 (+3) [Q4]
7% more call options, than puts
Call options by funds: $127M | Put options by funds: $119M
1.62% less ownership
Funds ownership: 60.96% [Q3] → 59.34% (-1.62%) [Q4]
13% less capital invested
Capital invested by funds: $3.55B [Q3] → $3.11B (-$448M) [Q4]
28% less repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 81
40% less funds holding in top 10
Funds holding in top 10: 5 [Q3] → 3 (-2) [Q4]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$111
10%
upside
Avg. target
$121
19%
upside
High target
$130
28%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Piper Sandler Crispin Love 63% 1-year accuracy 19 / 30 met price target | 28%upside $130 | Overweight Maintained | 31 Jan 2025 |
Keefe, Bruyette & Woods George Bose 100% 1-year accuracy 4 / 4 met price target | 10%upside $111 | Market Perform Maintained | 10 Dec 2024 |
Financial journalist opinion
Based on 10 articles about PFSI published over the past 30 days
Neutral
Business Wire
1 week ago
Pennymac Debuts New “Bring It Home” Video Series to Support the Aspiration of Homeownership
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) (Pennymac) announced today the launch of “Bring It Home,” a new video series where home loan experts from Pennymac share valuable industry insights to help consumers make informed decisions throughout their homeownership journey. “We assembled some of Pennymac's most experienced mortgage professionals to share their expertise in our ‘Bring It Home' series,” said Doug Jones, President and Chief Mortgage Ban.
Neutral
Business Wire
2 weeks ago
Pennymac Expands Third Party Origination (TPO) Offerings with the Launch of NonDel+, a Full-Service Non-Delegated Solution
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) (Pennymac) announced today the launch of its full service Non-Delegated solution, NonDel+, an intuitive, end-to-end loan experience within the dynamic POWER+ portal that is specifically tailored to banker partners who value control over their loans, but desire support with disclosures, loan documents and additional services. "We are proud to expand our TPO offering with NonDel+, which was created to empowe.
Negative
Zacks Investment Research
2 weeks ago
3 Mortgage & Related Services Stocks to Watch Despite Industry Woes
While volatile mortgage rates and declining purchase originations will likely hurt the Zacks Mortgage & Related Services industry, companies like PFSI, TREE and FOA are well-poised to navigate the challenges.
Neutral
Business Wire
2 weeks ago
PennyMac Financial Services, Inc. Announces Upsizing and Pricing of Private Offering of $850 Million of Senior Notes
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) and its subsidiaries (the “Company”) today announced the pricing of its previously announced offering of $850 million aggregate principal amount of 6.875% Senior Notes due 2033 (the “Notes”). The offering size was increased from the previously announced offering size of $650 million aggregate principal amount of Notes. The Notes will bear interest at 6.875% per annum and will mature on February 15, 2033. I.
Neutral
Business Wire
2 weeks ago
PennyMac Financial Services, Inc. Announces Proposed Private Offering of $650 Million of Senior Notes
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) and its subsidiaries (the “Company”) today announced that it intends to offer $650 million aggregate principal amount of Senior Notes due 2033 (the “Notes”). The Notes will be fully and unconditionally guaranteed on an unsecured senior basis by the Company's existing and future wholly owned domestic subsidiaries, other than certain excluded subsidiaries. Proceeds from the offering will be used for the repa.
Neutral
Seeking Alpha
3 weeks ago
PennyMac Financial Services, Inc. (PFSI) Q4 2024 Earnings Call Transcript
PennyMac Financial Services, Inc. (NYSE:PFSI ) Q4 2024 Earnings Conference Call January 30, 2025 5:00 PM ET Company Participants David Spector - Chairman and CEO Dan Perotti - Chief Financial Officer Conference Call Participants Doug Harter - UBS Michael Kaye - Wells Fargo Terry Ma - Barclays Crispin Love - Piper Sandler Mark DeVries - Deutsche Bank Ryan Shelley - Bank of America Derek Sommers - Jefferies Bose George - KBW Operator Good afternoon. And welcome to PennyMac Financial Services, Inc. Fourth Quarter 2024 Earnings Call.
Positive
Zacks Investment Research
3 weeks ago
Here's What Key Metrics Tell Us About PennyMac (PFSI) Q4 Earnings
Although the revenue and EPS for PennyMac (PFSI) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Negative
Zacks Investment Research
3 weeks ago
PennyMac Financial (PFSI) Q4 Earnings and Revenues Lag Estimates
PennyMac Financial (PFSI) came out with quarterly earnings of $2.88 per share, missing the Zacks Consensus Estimate of $3.05 per share. This compares to earnings of $1.76 per share a year ago.
Neutral
Business Wire
3 weeks ago
PennyMac Financial Services, Inc. Reports Fourth Quarter and Full-Year 2024 Results
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $104.5 million for the fourth quarter of 2024, or $1.95 per share on a diluted basis, on revenue of $470.1 million. Book value per share increased to $74.54 from $72.95 at September 30, 2024. PFSI's Board of Directors declared a fourth quarter cash dividend of $0.30 per share, payable on February 23, 2025, to common stockholders of record as of February 13, 2025. In the fourth.
Neutral
Business Wire
4 weeks ago
PennyMac Financial Services, Inc. Announces Date for Release of Fourth Quarter and Full-Year 2024 Results
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) will announce results for the quarter and year ended December 31, 2024, in a news release to be issued after the market close on Thursday, January 30, 2025. 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 availabl.
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