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PennyMac Financial Servs (NYSE:PFSI) Stock, Rapport sur les intérêts à découvert

PennyMac Financial Servs

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.

PennyMac Financial Services, Inc. Common Stock

PennyMac Financial Services Inc

<p>PennyMac Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFSI#NYSE">PFSI</a>) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-22. Here's a quick overview of what investors should know before the release.</p>
<p>Analysts are estimating that PennyMac Financial Servs will report an <strong>earnings per share</strong> (EPS) of $2.86.</p>
<p>PennyMac Financial Servs bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Overview of Past Earnings</h3>
<p>The company's EPS beat by $0.09 in the last quarter, leading to a 3.81% drop in the share price on the following day.</p>
<p>Here's a look at PennyMac Financial Servs's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>2.58</td>
<td>2.31</td>
<td>1.49</td>
<td>1.69</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>2.67</td>
<td>2.48</td>
<td>2.63</td>
<td>1.77</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-4.0%</td>
<td>-6.0%</td>
<td>5.0%</td>
<td>9.0%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729526505_0_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of PennyMac Financial Servs were trading at $109.32 as of October 18. Over the last 52-week period, shares are up 68.22%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. </p>
<h3>Analysts' Take on PennyMac Financial Servs</h3>
<p>Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on PennyMac Financial Servs.</p>
<p>The consensus rating for PennyMac Financial Servs is Outperform, derived from 4 analyst ratings. An average one-year price target of $120.5 implies a potential 10.23% upside.</p>
<h3>Peer Ratings Comparison</h3>
<p>This comparison focuses on the analyst ratings and average 1-year price targets of Mr. Cooper Gr, Walker &amp; Dunlop and Onity Group, three major players in the industry, shedding light on their relative performance expectations and market positioning.</p>
<ul>
<li>The consensus among analysts is an Outperform trajectory for Mr. Cooper Gr, with an average 1-year price target of $105.6, indicating a potential 3.4% downside.</li>
<li>Walker &amp; Dunlop received a Neutral consensus from analysts, with an average 1-year price target of $109.0, implying a potential 0.29% downside.</li>
<li>Onity Group received a Outperform consensus from analysts, with an average 1-year price target of $35.0, implying a potential 67.98% downside.</li>
</ul>
<h3>Peers Comparative Analysis Summary</h3>
<p>The peer analysis summary provides a snapshot of key metrics for Mr. Cooper Gr, Walker &amp; Dunlop and Onity Group, illuminating their respective standings within the industry. These metrics offer valuable insights into their market positions and comparative performance.</p>
<p>
<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>PennyMac Financial Servs</td>
<td>Outperform</td>
<td>25.43%</td>
<td>$351.93M</td>
<td>2.72%</td>
</tr>
<tr>
<td>Mr. Cooper Gr</td>
<td>Outperform</td>
<td>28.03%</td>
<td>$417M</td>
<td>4.53%</td>
</tr>
<tr>
<td>Walker &amp; Dunlop</td>
<td>Neutral</td>
<td>-0.71%</td>
<td>$119.73M</td>
<td>1.30%</td>
</tr>
<tr>
<td>Onity Group</td>
<td>Outperform</td>
<td>-8.04%</td>
<td>$126.90M</td>
<td>2.39%</td>
</tr>
</tbody>
</table>
</p>
<p>Key Takeaway:</p>
<p>PennyMac Financial Servs ranks at the top for Revenue Growth and Gross Profit among its peers. However, it ranks at the bottom for Return on Equity. Overall, PennyMac Financial Servs is performing well in terms of revenue and profit growth compared to its peers, but its return on equity is lower.</p>
<h3>Discovering PennyMac Financial Servs: A Closer Look</h3>
<p>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.</p>
<h3>PennyMac Financial Servs: A Financial Overview</h3>
<p><strong>Market Capitalization Analysis:</strong> With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.</p>
<p><strong>Revenue Growth:</strong> Over the 3 months period, PennyMac Financial Servs showcased positive performance, achieving a revenue growth rate of <strong>25.43%</strong> as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector.</p>
<p><strong>Net Margin:</strong> PennyMac Financial Servs's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of <strong>13.74%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> PennyMac Financial Servs's ROE excels beyond industry benchmarks, reaching <strong>2.72%</strong>. This signifies robust financial management and efficient use of shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> PennyMac Financial Servs's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of <strong>0.47%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Debt Management:</strong> PennyMac Financial Servs's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of <strong>4.47</strong>.</p>
<p><a href="https://www.benzinga.com/quote/PFSI/earnings"><strong>To track all earnings releases for PennyMac Financial Servs visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Earnings

PFSI

A Peek at PennyMac Financial Servs's Future Earnings

<p>5 analysts have shared their evaluations of PennyMac Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFSI#NYSE">PFSI</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.</p>
<p>The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $116.8, with a high estimate of $125.00 and a low estimate of $102.00. Marking an increase of 6.96%, the current average surpasses the previous average price target of $109.20. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1728421248_0.png" alt="price target chart" /></p>
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
<p>The perception of PennyMac Financial Servs by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mark Devries</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$125.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Crispin Love</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$125.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$120.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Crispin Love</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$112.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>George Bose</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$102.00</td>
<td>$102.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to PennyMac Financial Servs. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of PennyMac Financial Servs compared to the broader market.</li>
<li><strong>Price Targets:</strong> Gaining insights, analysts provide estimates for the future value of PennyMac Financial Servs's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Capture valuable insights into PennyMac Financial Servs's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/PFSI/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on PennyMac Financial Servs analyst ratings.</strong></a></p>
<h2>Get to Know PennyMac Financial Servs Better</h2>
<p>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.</p>
<h3>Financial Insights: PennyMac Financial Servs</h3>
<p><strong>Market Capitalization Analysis:</strong> With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.</p>
<p><strong>Revenue Growth:</strong> PennyMac Financial Servs's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of <strong>25.43%</strong>. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Financials sector, the company excelled with a growth rate higher than the average among peers.</p>
<p><strong>Net Margin:</strong> The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of <strong>13.74%,</strong> the company may need to address challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> PennyMac Financial Servs's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>2.72%</strong> ROE, the company effectively utilizes shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> PennyMac Financial Servs's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of <strong>0.47%,</strong> the company may encounter challenges in delivering satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> PennyMac Financial Servs's debt-to-equity ratio is below the industry average. With a ratio of <b>4.47</b>, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.</p>
<h2>The Significance of Analyst Ratings Explained</h2>
<p>Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>
<p><strong>Which Stocks Are Analysts Recommending Now?</strong></p>
<p>Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights"><strong>Click here to stay ahead of the market</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Ratings

5 Analysts Have This To Say About PennyMac Financial Servs

<p>Barclays  analyst Mark Devries   maintains PennyMac Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFSI#NYSE">PFSI</a>) with a Overweight and raises the price target from $112 to $125.</p>


News

Price Target

Barclays Maintains Overweight on PennyMac Financial Servs, Raises Price Target to $125

<p>Piper Sandler  analyst Crispin Love   maintains PennyMac Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFSI#NYSE">PFSI</a>) with a Overweight and raises the price target from $112 to $125.</p>


Piper Sandler Maintains Overweight on PennyMac Financial Servs, Raises Price Target to $125

<p>Wedbush  analyst Jay McCanless   maintains PennyMac Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFSI#NYSE">PFSI</a>) with a Outperform and raises the price target from $110 to $120.</p>


Wedbush Maintains Outperform on PennyMac Financial Servs, Raises Price Target to $120

<p>Piper Sandler  analyst Kevin Barker   maintains PennyMac Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFSI#NYSE">PFSI</a>) with a Overweight and raises the price target from $110 to $112.</p>


Piper Sandler Maintains Overweight on PennyMac Financial Servs, Raises Price Target to $112

Earnings Beats

Earnings Misses

PennyMac Financial Servs Q2 2024 Adj EPS $2.67 Beats $2.58 Estimate

<p>PennyMac Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFSI#NYSE">PFSI</a>) reported quarterly sales of $406.127 million which missed the analyst consensus estimate of $466.567 million by 12.95 percent.  This is a 20.67 percent increase over sales of $336.547 million the same period last year.</p>


PennyMac Financial Servs Q2 Sales $406.127M Miss $466.567M Estimate

Dividends

PennyMac Financial Services Increases Quarterly Dividend From $0.20 To $0.30

<p>Keefe, Bruyette &amp; Woods  analyst George Bose   downgrades PennyMac Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFSI#NYSE">PFSI</a>) from Outperform to Market Perform and maintains the price target from $102 to $102.</p>


Downgrades

Keefe, Bruyette & Woods Downgrades PennyMac Financial Servs to Market Perform, Maintains Price Target to $102

<p>Ratings for PennyMac Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFSI#NYSE">PFSI</a>) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.</p>
<p>Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $106.0, along with a high estimate of $112.00 and a low estimate of $100.00. This current average represents a 1.4% decrease from the previous average price target of $107.50. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1720616454_0.png" alt="price target chart" /></p>
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
<p>The analysis of recent analyst actions sheds light on the perception of PennyMac Financial Servs by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>George Bose</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$102.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>George Bose</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$100.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$110.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Mark Devries</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Buy</td>
<td>$112.00</td>
<td>$115.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to PennyMac Financial Servs. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of PennyMac Financial Servs compared to the broader market.</li>
<li><strong>Price Targets:</strong> Gaining insights, analysts provide estimates for the future value of PennyMac Financial Servs's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of PennyMac Financial Servs's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/PFSI/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on PennyMac Financial Servs analyst ratings.</strong></a></p>
<h2>Discovering PennyMac Financial Servs: A Closer Look</h2>
<p>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.</p>
<h3>Financial Milestones: PennyMac Financial Servs's Journey</h3>
<p><strong>Market Capitalization:</strong> Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.</p>
<p><strong>Negative Revenue Trend:</strong> Examining PennyMac Financial Servs's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately <strong>-25.49%</strong> in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.</p>
<p><strong>Net Margin:</strong> PennyMac Financial Servs's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of <strong>7.86%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> PennyMac Financial Servs's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of <strong>1.11%,</strong> the company showcases efficient use of equity capital and strong financial health.</p>
<p><strong>Return on Assets (ROA):</strong> PennyMac Financial Servs's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of <strong>0.2%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Debt Management:</strong> PennyMac Financial Servs's debt-to-equity ratio is below the industry average at <strong>4.12</strong>, reflecting a lower dependency on debt financing and a more conservative financial approach.</p>
<h2>Analyst Ratings: What Are They?</h2>
<p>Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.</p>
<p>Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.</p>
<p>Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


The Latest Analyst Ratings For PennyMac Financial Servs

<p>Keefe, Bruyette &amp; Woods  analyst George Bose   maintains PennyMac Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFSI#NYSE">PFSI</a>) with a Outperform and raises the price target from $100 to $102.</p>


Keefe, Bruyette & Woods Maintains Outperform on PennyMac Financial Servs, Raises Price Target to $102

<p>This collaboration marks a significant milestone in the commitment Pennymac has made to support military veterans as they transition into the civilian workforce.</p>


PennyMac Financial Services Reveals Its Participation In The US Army Partnership For Your Success Program

<p>Shares of U.S.-listed mortgage lenders have risen on the heels of U.S. regulators allowing the <strong>Federal Home Loan Mortgage Corp</strong> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FMCC#OTC">FMCC</a>), aka <strong>Freddie Mac, </strong>to <a href="https://www.benzinga.com/real-estate/24/05/38647920/homebuyers-get-mixed-news-from-freddie-mac-and-the-federal-reserve">buy second mortgages</a>, a move that could lower the cost of borrowing against home equity.</p>
<p>The <strong>Federal Housing Finance Authority</strong> (FHFA) said Freddie Mac could buy up to $2.5 billion of second mortgages over an 18-month trial period, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-06-24/us-approves-freddie-mac-pilot-program-to-buy-second-mortgages?srnd=homepage-americas&amp;sref=TBDibEcD">reported</a>. FHFA will then decide whether the pilot program helps borrowers in rural and underserved communities obtain them, among other criteria.</p>
<p>Freddie Mac proposed backing second mortgages in April after the steep jump in home loan rates over the past two years. When rates were lower, a homeowner who wanted to borrow for renovations might have used a cash-out refinancing that allowed them to take out a new loan bigger than their prior mortgage.</p>
<p><em>Also Read: <a href="https://www.benzinga.com/top-stories/24/06/39464529/us-needs-1-5-million-more-homes-to-tame-record-prices">US Needs 1.5 Million More Homes To Tame Record Prices</a></em></p>
<p>But cash-out refinancings are no longer practical for many borrowers because today&#8217;s higher interest rates would result in bigger, higher-rate loans.</p>
<p>Meanwhile, the steep rise in housing prices since 2020 has led to U.S. households having more than $32 trillion in equity. About $18 trillion of that is possibly available for equity extraction through private channels, according to Bloomberg.</p>
<p>Freddie Mac's proposal to back second mortgages has faced opposition from industry groups and politicians who argue  the initiative could boost inflation and crowd out private lending, but other public comments on the proposal said it would help boost the scale of the market for home-equity lending.</p>
<p><strong>Sandra Thompson</strong>, FHFA director, said capping the program at $2.5 billion would mitigate the risk of it boosting inflation. She also said requiring Freddie Mac to buy loans of $78,277 or less would ensure that it stays focused on borrowers who may be underserved, such as rural and low-income homeowners, rather than higher-income borrowers who may be better served by private lenders.</p>
<p><strong>Price action: UWM Holdings Corp</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UWMC#NYSE">UWMC</a>) gained 1.15% on Monday, while<strong> Bank of America</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) improved 1.38% and <strong>PennyMac Financial Services, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFSI#NYSE">PFSI</a>) picked up 0.76%. <strong>Discover Financial Services</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) ticked up 0.55%.</p>
<p><em>Read now: <a href="https://www.benzinga.com/real-estate/23/11/36028788/fannie-mae-and-freddie-mac-will-make-home-loans-over-1-million-in-some-regions">Fannie Mae And Freddie Mac Will Make Home Loans Over $1 Million In Some Regions</a></em></p>
<p><em>Photo: Shutterstock</em></p>


Government

Real Estate

FMCC

UWMC

Mortgage Stocks Tick Up As Freddie Mac Is Allowed To Buy Second Mortgages

PennyMac Financial Services Reports Pricing Of Private Offering Of $650M Of Senior Notes

<p>Keefe, Bruyette &amp; Woods  analyst George Bose   maintains PennyMac Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFSI#NYSE">PFSI</a>) with a Outperform and lowers the price target from $105 to $100.</p>


Keefe, Bruyette & Woods Maintains Outperform on PennyMac Financial Servs, Lowers Price Target to $100

<p>Deutsche Bank  analyst Mark Devries   maintains PennyMac Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFSI#NYSE">PFSI</a>) with a Buy and lowers the price target from $115 to $112.</p>


Deutsche Bank Maintains Buy on PennyMac Financial Servs, Lowers Price Target to $112

WIIM

PennyMac Financial Services shares are trading lower after the company reported worse-than-expected Q1 sales results.

<p>PennyMac Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFSI#NYSE">PFSI</a>) reported quarterly earnings of $2.48 per share which beat the analyst consensus estimate of $2.31 by 7.36 percent. The company reported quarterly sales of $305.660 million which missed the analyst consensus estimate of $432.416 million by 29.31 percent. This is a 0.92 percent increase over sales of $302.862 million the same period last year.</p>


On Wednesday April 24, 2024 PennyMac Financial Servs Reported Q1 2024 Adj EPS $2.48 Beats $2.31 Estimate, Sales $305.660M Miss $432.416M Estimate

<p>Wedbush  analyst Jay McCanless   reiterates PennyMac Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFSI#NYSE">PFSI</a>) with a Outperform and maintains $110 price target.</p>


Reiteration

Wedbush Reiterates Outperform on PennyMac Financial Servs, Maintains $110 Price Target

Analyst Michael Kaye from Wells Fargo reiterated a Buy rating on PennyMac Financial (PFSI – Research Report) and increased the price target to $110...

PennyMac Outperforms Expectations with Strong Growth and Stable Margins: A Buy Rating Justified

Warning: PFSI is at high risk of performing badly

Homebuyers return as Fed easing spurs surge in mortgage-rate locks

Piper Sandler analyst Crispin Love maintained a Buy rating on PennyMac Financial (PFSI – Research Report) today and set a price target of $125.00. ...

Piper Sandler Reaffirms Their Buy Rating on PennyMac Financial (PFSI)

PennyMac Financial CCMO Chang to step down

PennyMac Financial ( ($PFSI) ) has shared an announcement. PennyMac Financial Services, Inc. is undergoing a leadership transition as William Chang...

PennyMac Financial Announces Leadership Shift and Interim Officer

Futu, Lufax, Qifu again dominate weekly financial gainers after China stimulus

Barclays analyst Terry Ma maintained a Buy rating on PennyMac Financial (PFSI – Research Report) today and set a price target of $125.00. The compa...

Barclays Sticks to Their Buy Rating for PennyMac Financial (PFSI)

A look at real estate stocks after housing inflation moderates, mortgages rise

PennyMac Financial Q3 2024 Earnings Preview

AGNC

BSAC

COIN

COMP

FUTU

HOUS

INTR

INVH

NXDT

NYMT

OPEN

QFIN

RDFN

RMAX

RYAN

XLRE

Press Releases

PennyMac Financial Services, Inc. Reports Second Quarter 2024 Results and Increases Quarterly Dividend

PennyMac Mortgage Investment Trust Reports Second Quarter 2024 Results

PennyMac Mortgage Investment Trust Declares Third Quarter 2024 Dividends for Its Preferred Shares

PennyMac Mortgage Investment Trust to Present at the 2024 Barclays Global Financial Services Conference

PennyMac Financial Services, Inc. to Present at the 2024 Barclays Global Financial Services Conference

PennyMac Financial Services, Inc. Announces Changes to Its Board of Directors

PennyMac Mortgage Investment Trust Declares Third Quarter 2024 Dividend for Its Common Shares

Pennymac Announces Organizational Changes

PennyMac Financial Services, Inc. Announces Date for Release of Third Quarter 2024 Results

PennyMac Mortgage Investment Trust Announces Date for Release of Third Quarter 2024 Results

Enact Holdings

Federal Agricultural Mortgage Corporation Common Stock

Federal Agricultural

Better Home & Finance Holding Company - Class A Common Stock

Better Home & Finance

CNFinance Holdings Limited American Depositary Shares, each representing twenty (20) Ordinary Shares

CNFinance Hldgs

Mr. Cooper Gr

Essent Group

Finance of America Companies Inc. Class A Common Stock

Finance of America

Greystone Housing Impact Investors LP Beneficial Unit Certificates representing assignments of limited partnership interests

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