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Pennymac Financial Services inc   (PFSI)
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Price: $84.6400 $-0.41 -0.482%
Day's High: $86.31 Week Perf: -1.63 %
Day's Low: $ 84.54 30 Day Perf: -4.24 %
Volume (M): 401 52 Wk High: $ 94.78
Volume (M$): $ 33,975 52 Wk Avg: $73.14
Open: $84.54 52 Wk Low: $54.55



 Market Capitalization (Millions $) 4,469
 Shares Outstanding (Millions) 53
 Employees 2,509
 Revenues (TTM) (Millions $) 1,933
 Net Income (TTM) (Millions $) 145
 Cash Flow (TTM) (Millions $) -390
 Capital Exp. (TTM) (Millions $) 36

Pennymac Financial Services Inc

We are a specialty financial services firm with a comprehensive mortgage platform and integrated business primarily focused on the production and servicing of U.S. residential mortgage loans (activities which we refer to as mortgage banking) and the management of investments related to the U.S. mortgage market. We believe that our operating capabilities, specialized expertise, access to long-term investment capital, and our management’s experience across all aspects of the mortgage business will allow us to profitably grow these activities and capitalize on other related opportunities as they arise in the future.

PennyMac was founded in 2008 by members of our executive leadership team and two strategic partners, BlackRock Mortgage Ventures, LLC (“BlackRock” or “BlackRock, Inc.”) and HC Partners, LLC, formerly known as Highfields Capital Investments, LLC, together with its affiliates (“Highfields”).

We conduct our business in three segments: loan production, loan servicing (together, these two activities comprise mortgage banking activities) and investment management (refer to footnote 26). Our principal mortgage banking subsidiary, PennyMac Loan Services, LLC (“PLS”), is a non-bank producer and servicer of mortgage loans in the United States. PLS is a seller/servicer for the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac”), each of which is a government-sponsored entity (“GSE”). It is also an approved issuer of securities guaranteed by the Government National Mortgage Association (“Ginnie Mae”), a lender of the Federal Housing Administration (“FHA”), a lender/servicer of the Veterans Administration (“VA”) and the U.S. Department of Agriculture (“USDA”), and a servicer for the Home Affordable Modification Program (“HAMP”). We refer to each of Fannie Mae, Freddie Mac, Ginnie Mae, FHA, VA and USDA as an “Agency” and collectively as the “Agencies.” PLS is able to service loans in all 50 states, the District of Columbia, Guam and the U.S. Virgin Islands, and originate loans in 49 states and the District of Columbia, either because PLS is properly licensed in a particular jurisdiction or exempt or otherwise not required to be licensed in that jurisdiction.

PNMAC Capital Management, LLC (“PCM”), a Delaware limited liability company registered with the Securities and Exchange Commission (“SEC”) as an investment adviser under the Investment Advisers Act of 1940, as amended, manages PennyMac Mortgage Investment Trust (“PMT”), a mortgage real estate investment trust, listed on the New York Stock Exchange under the ticker symbol PMT. PCM also manages PNMAC Mortgage Opportunity Fund, LLC and PNMAC Mortgage Opportunity Fund, LP, both registered under the Investment Company Act of 1940 (“Investment Company Act”), as amended, an affiliate of these Funds and PNMAC Mortgage Opportunity Fund Investors, LLC. We refer to these funds collectively as our “Investment Funds” and, together with PMT, as our “Advised Entities.”

We expect to grow our servicing portfolio on an organic basis, as our correspondent government-insured production and consumer direct lending adds new prime servicing for owned MSRs, and correspondent conventional lending adds new subservicing.



   Company Address: 3043 Townsgate Road Westlake Village 91361 CA
   Company Phone Number: 224-7442   Stock Exchange / Ticker: NYSE PFSI
   


Customers Net Income fell by PFSI's Customers Net Profit Margin fell to

-6.09 %

8.45 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
OCN   -5.78%    
BAC        0.14% 
COF   -2.85%    
DHI   -2.01%    
LEN   -5.64%    
PNC   -0.91%    
• View Complete Report
   



Management Changes

Pennymac Promotes Senior Executives and Focuses on Digital Expansion in Pursuit of Faster Growth and Enhanced Customer Experience

Published Tue, Mar 5 2024 9:30 PM UTC



Pennymac Financial Services, Inc. (NYSE: PFSI) has recently announced the promotions of Jim Follette to Chief Digital Officer and Mike Hogan to Chief Information Officer. The strategic move aims to bolster digital innovations, explore commercial market opportunities, and drive growth in Pennymac's servicing and technology divisions. This article delves into the sig...

Pennymac Financial Services Inc

Pennymac Financial Services Inc. Surges Ahead with 684% Revenue Growth in Q4 2023

The stock market has been abuzz with the recent announcement from Pennymac Financial Services Inc. The company reported a solid revenue advance of 684.741% year on year, reaching $1.41 billion in the fourth quarter of 2023. However, despite this impressive growth, the company slipped into a deficit of $-0.73.
While this might seem concerning, it is important to note that Pennymac Financial Services Inc has outperformed its industry peers in the Consumer Financial Services sector. The industry as a whole reported a 14.47% revenue advance in the same period, highlighting the company's strong performance.

Stock Issue News

PennyMac Financial Services Strengthens Capital Structure with $650 Million Offering of Senior Notes.

Published Wed, Dec 6 2023 12:57 PM UTC



WESTLAKE VILLAGE, Calif. - PennyMac Financial Services, Inc. (NYSE: PFSI), a leading mortgage lender and servicing provider, has announced its intention to offer $650 million aggregate principal amount of Senior Notes due 2029. The company and its subsidiaries are aiming to strengthen their capital structure with this offering. The Notes will be guaranteed by the C...

Pennymac Financial Services Inc

PFSI's Earnings and Revenue Plunge in Q3 2023, Signalling Significant Deterioration



Pennymac Financial Services Inc, a leading financial services provider, has experienced a notable increase in its share value over the past 12 months. However, recent financial results reveal a drop in earnings and revenue in the third quarter of 2023. This article will assess the implications of these contrasting findings and explore their potential impact on the company's future.
1. Share Performance:
Pennymac Financial Services Inc shares have performed admirably, recording gains of 9.3% over the past five trading days and an impressive 55.18% over the past year. Currently trading on the NYSE, the stock is positioned 8.6% above its 52-week average. These remarkable figures reflect a positive sentiment among investors, indicating potential growth prospects for the company.

Pennymac Financial Services Inc

Pennymac Financial Services Faces Shocking Downward Spiral as Q2 2023 Earnings Plummet

In the April to June 30, 2023 period, Pennymac Financial Services Inc experienced a significant decrease in earnings per share (EPS) compared to the previous year. EPS dived by -62.24% to $1.11 per share, a sharp decline from $2.94 per share. However, there was a positive growth of 94.74% from the preceding reporting season, where EPS was at $0.57 per share.
The company also faced a decline in revenue during the same reporting season. Revenue fell sharply by -81.17%, reaching $135.32 million compared to $718.67 million in the previous year. Sequentially, revenue deteriorated by -12.676% from $154.97 million.






 

Pennymac Financial Services Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Pennymac Financial Services Inc does not provide revenue guidance.

Earnings Outlook
Pennymac Financial Services inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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