Profile
Sector:
Financial ServicesIndustry:
Mortgage FinanceCountry:
United StatesIPO:
09 May 2013Website:
http://www.pennymac.comNext earnings report:
31 January 2025Last dividends:
18 November 2024Next dividends:
N/APrice
pre-market | 92 min agoAnalysts recommendations
Institutional Ownership
PFSI Latest News
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.
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.
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.
With refinancing activities surging as homeowners seek interest rate relief, stocks such as PennyMac, Velocity Financial and Guild are poised to gain.
Boosted by several quarters of explosive growth and solid estimates ahead, PennyMac stock holds strong in buy range.
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.
Existing home inventory has soared
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.
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.
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 $650 million aggregate principal amount of 7.125% Senior Notes due 2030 (the “Notes”). The Notes will bear interest at 7.125% per annum and will mature on November 15, 2030. Interest on the Notes will be payable semi-annually on May 15 and November 15 of each year, beginning on November 15, 2024. The No.
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What type of business is PennyMac Financial Services?
PennyMac Financial Services, Inc., through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. The company operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans. This segment sources residential conventional and government-insured or guaranteed mortgage loans through correspondent production, consumer direct lending, and broker direct lending. The Servicing segment performs loan servicing for both newly originated loans that are under holding for sale and loans services for others. The segment performs loan administration, collection, and default management activities, including the collection and remittance of loan payments; responds to customer inquiries; provides accounting for principal and interest; holds custodial funds for the payment of property taxes and insurance premiums; counsels delinquent borrowers; and supervising foreclosures and property dispositions, as well as administers loss mitigation activities, such as modification and forbearance programs. The Investment Management segment is involved in sourcing, performing diligence, bidding, and closing investment asset acquisitions; managing correspondent production activities for PennyMac Mortgage Investment Trust; and managing acquired assets. The company was founded in 2008 and is headquartered in Westlake Village, California.
What sector is PennyMac Financial Services in?
PennyMac Financial Services is in the Financial Services sector
What industry is PennyMac Financial Services in?
PennyMac Financial Services is in the Mortgage Finance industry
What country is PennyMac Financial Services from?
PennyMac Financial Services is headquartered in United States
When did PennyMac Financial Services go public?
PennyMac Financial Services initial public offering (IPO) was on 09 May 2013
What is PennyMac Financial Services website?
https://www.pennymac.com
Is PennyMac Financial Services in the S&P 500?
No, PennyMac Financial Services is not included in the S&P 500 index
Is PennyMac Financial Services in the NASDAQ 100?
No, PennyMac Financial Services is not included in the NASDAQ 100 index
Is PennyMac Financial Services in the Dow Jones?
No, PennyMac Financial Services is not included in the Dow Jones index
When was PennyMac Financial Services the previous earnings report?
No data
When does PennyMac Financial Services earnings report?
The next expected earnings date for PennyMac Financial Services is 31 January 2025