Pennymac Financial Services inc (PFSI) |
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Price: $84.6400
$-0.41
-0.482%
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Day's High:
| $86.31
| Week Perf:
| -1.63 %
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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 |
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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
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Customers Net Income fell by |
PFSI's Customers Net Profit Margin fell to |
-6.09 % |
8.45 %
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Stock Performances by Major Competitors |
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Management Changes
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...
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Pennymac Financial Services Inc
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.
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Stock Issue News
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...
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Pennymac Financial Services Inc
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.
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Pennymac Financial Services Inc
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.
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Per Share |
Current |
Earnings (TTM) |
2.72 $ |
Revenues (TTM) |
36.61 $
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Cash Flow (TTM) |
- |
Cash |
17.97 $
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Book Value |
67.03 $
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Dividend (TTM) |
0.79 $ |
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Per Share |
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Earnings (TTM) |
2.72 $
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Revenues (TTM) |
36.61 $ |
Cash Flow (TTM) |
- |
Cash |
17.97 $
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Book Value |
67.03 $ |
Dividend (TTM) |
0.79 $ |
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Company Estimates |
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• Revenue Outlook
Pennymac Financial Services Inc does not provide revenue guidance.
• Earnings Outlook
Pennymac Financial Services inc does not provide earnings estimates.
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