PennyMac Financial Services, Inc. is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.
Company profile
Ticker
PFSI
Exchange
Website
CEO
David A. Spector
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
New PennyMac Financial Services, Inc.
SEC CIK
Corporate docs
Subsidiaries
Private National Mortgage Acceptance Company, LLC • PNMAC Capital Management, LLC • PennyMac Loan Services, LLC • PNMAC Holdings, Inc. • PennyMac Insurance Services, LLC • PennyMac Products, LLC • PennyMac Services, Inc. • PennyPantry, LLC • PFSI Funding, LLC • PFSI EBO Series I, LLC ...
IRS number
831098934
PFSI stock data
Analyst ratings and price targets
Current price
Average target
$72.00
Low target
$69.00
High target
$75.00
Barclays
Maintains
$69.00
Wells Fargo
Upgraded
$75.00
Latest filings (excl ownership)
8-K
PennyMac Financial Services, Inc. Reports Fourth Quarter and Full-Year 2022 Results
2 Feb 23
8-K
Entry into a Material Definitive Agreement
15 Dec 22
10-Q
2022 Q3
Quarterly report
2 Nov 22
8-K
PennyMac Financial Services, Inc. Reports Third Quarter 2022 Results
27 Oct 22
10-Q
2022 Q2
Quarterly report
5 Aug 22
8-K
PennyMac Financial Services, Inc. Reports Second Quarter 2022 Results
2 Aug 22
8-K
Entry into a Material Definitive Agreement
14 Jun 22
S-8 POS
Registration of securities for employees (post-effective amendment)
31 May 22
S-8 POS
Registration of securities for employees (post-effective amendment)
31 May 22
S-8 POS
Registration of securities for employees (post-effective amendment)
31 May 22
Transcripts
PFSI
Earnings call transcript
2022 Q4
2 Feb 23
PFSI
Earnings call transcript
2022 Q2
3 Aug 22
PFSI
Earnings call transcript
2022 Q1
8 May 22
PFSI
Earnings call transcript
2021 Q4
4 Feb 22
PFSI
Earnings call transcript
2021 Q3
7 Nov 21
PFSI
Earnings call transcript
2021 Q2
8 Aug 21
PFSI
Earnings call transcript
2021 Q1
9 May 21
PFSI
Earnings call transcript
2020 Q4
5 Feb 21
PFSI
Earnings call transcript
2020 Q3
8 Nov 20
PFSI
Earnings call transcript
2020 Q2
9 Aug 20
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Revenue | |||||
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| Operating income | |||||
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| Net income | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.56 bn | 1.56 bn | 1.56 bn | 1.56 bn | 1.56 bn | 1.56 bn |
| Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 195.90 mm | (no burn) |
| Cash used (since last report) | n/a | n/a | n/a | n/a | 823.93 mm | n/a |
| Cash remaining | n/a | n/a | n/a | n/a | 734.75 mm | n/a |
| Runway (months of cash) | n/a | n/a | n/a | n/a | 3.8 | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 30 Dec 22 | Vandad Fartaj | Common Stock | Sell | Dispose S | No | No | 56.1552 | 7,500 | 421.16 k | 96,134 |
| 30 Dec 22 | Vandad Fartaj | Common Stock | Option exercise | Acquire M | No | No | 21.03 | 7,500 | 157.73 k | 103,634 |
| 30 Dec 22 | Vandad Fartaj | Nonstatutory Stock Option Common Stock | Option exercise | Dispose M | No | No | 21.03 | 7,500 | 157.73 k | 0 |
| 29 Dec 22 | Vandad Fartaj | Common Stock | Sell | Dispose S | No | No | 57.2176 | 8,382 | 479.60 k | 96,134 |
| 29 Dec 22 | Vandad Fartaj | Common Stock | Option exercise | Acquire M | No | No | 21.03 | 8,382 | 176.27 k | 104,516 |
| 29 Dec 22 | Vandad Fartaj | Nonstatutory Stock Option Common Stock | Option exercise | Dispose M | No | No | 21.03 | 8,382 | 176.27 k | 7,500 |
| 14 Dec 22 | Joseph F Mazzella | Common Stock | Sell | Dispose S | Yes | No | 58.67 | 40,000 | 2.35 mm | 177,031 |
| 13 Dec 22 | Spector David | Common Stock | Other | Dispose J | No | No | 58.1163 | 12,750 | 740.98 k | 654,886 |
| 12 Dec 22 | Joseph F Mazzella | Common Stock | Sell | Dispose S | No | No | 57.56 | 30,000 | 1.73 mm | 145,479 |
| 12 Dec 22 | Spector David | Common Stock | Sell | Dispose S | No | No | 58.1163 | 12,750 | 740.98 k | 667,636 |
News
Barclays Maintains Equal-Weight on PennyMac Financial Servs, Raises Price Target to $69
3 Feb 23
PennyMac Financial Servs Q4 EPS $0.71 Misses $1.15 Estimate, Sales $340.45M Miss $356.41M Estimate
2 Feb 23
Preview: PennyMac Financial Servs's Earnings
1 Feb 23
5 Value Stocks To Watch In The Financial Services Sector
19 Jan 23
Benzinga's Top Ratings Upgrades, Downgrades For January 18, 2023
18 Jan 23
Press releases
PennyMac Financial Services, Inc. Reports Fourth Quarter and Full-Year 2022 Results
2 Feb 23
PennyMac Mortgage Investment Trust Reports Fourth Quarter and Full-Year 2022 Results
2 Feb 23
PennyMac Financial Services, Inc. Announces Date for Release of Fourth Quarter and Full-Year 2022 Results
26 Jan 23
PennyMac Mortgage Investment Trust Announces Date for Release of Fourth Quarter and Full-Year 2022 Results
26 Jan 23
Pennymac Commemorates a Milestone Anniversary
9 Jan 23