PennyMac Financial Services (NYSE:PFSI) Price Target Lowered to $100.00 at Keefe, Bruyette & Woods

PennyMac Financial Services (NYSE:PFSI) had its price target cut by Keefe, Bruyette & Woods from $108.00 to $100.00 in a research report report published on Friday,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other research analysts have also weighed in on the company. Wall Street Zen upgraded PennyMac Financial Services from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Barclays decreased their price target on PennyMac Financial Services from $93.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday. BTIG Research lowered their price target on PennyMac Financial Services from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday. Stephens dropped their price objective on PennyMac Financial Services from $91.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Piper Sandler downgraded shares of PennyMac Financial Services from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $106.00 to $86.00 in a report on Thursday. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $104.88.

PennyMac Financial Services Price Performance

Shares of NYSE PFSI opened at $75.50 on Friday. PennyMac Financial Services has a fifty-two week low of $71.68 and a fifty-two week high of $160.36. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 0.54 and a beta of 1.44. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.33 and a current ratio of 0.33. The firm’s 50-day simple moving average is $83.07 and its 200 day simple moving average is $93.49.

PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.72). The company had revenue of $566.00 million for the quarter, compared to analyst estimates of $571.60 million. PennyMac Financial Services had a net margin of 17.74% and a return on equity of 11.21%. PennyMac Financial Services’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.54 EPS. As a group, research analysts anticipate that PennyMac Financial Services will post 9.77 earnings per share for the current fiscal year.

PennyMac Financial Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Monday, August 17th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, August 17th. PennyMac Financial Services’s payout ratio is presently 16.48%.

Insider Activity

In other news, CAO Gregory L. Hendry sold 2,943 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $81.71, for a total value of $240,472.53. Following the completion of the transaction, the chief accounting officer directly owned 48,968 shares of the company’s stock, valued at $4,001,175.28. This represents a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel Stanley Perotti sold 2,925 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $87.50, for a total value of $255,937.50. Following the sale, the chief financial officer directly owned 210,625 shares of the company’s stock, valued at $18,429,687.50. The trade was a 1.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,045 shares of company stock valued at $1,565,470 over the last three months. Corporate insiders own 15.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Empowered Funds LLC purchased a new stake in shares of PennyMac Financial Services during the 1st quarter valued at $233,000. EMG Holdings L.P. boosted its holdings in shares of PennyMac Financial Services by 228.6% in the 1st quarter. EMG Holdings L.P. now owns 65,727 shares of the real estate investment trust’s stock worth $5,745,000 after buying an additional 45,727 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of PennyMac Financial Services by 173.9% in the 1st quarter. Bank of America Corp DE now owns 379,429 shares of the real estate investment trust’s stock worth $33,162,000 after buying an additional 240,902 shares during the last quarter. Janus Henderson Group PLC grew its position in PennyMac Financial Services by 1,882.2% during the first quarter. Janus Henderson Group PLC now owns 267,868 shares of the real estate investment trust’s stock valued at $23,423,000 after buying an additional 254,354 shares during the period. Finally, South Dakota Investment Council grew its position in PennyMac Financial Services by 25.7% during the first quarter. South Dakota Investment Council now owns 46,038 shares of the real estate investment trust’s stock valued at $4,024,000 after buying an additional 9,400 shares during the period. Institutional investors own 57.87% of the company’s stock.

PennyMac Financial Services News Roundup

Here are the key news stories impacting PennyMac Financial Services this week:

• Positive Sentiment: Keefe, Bruyette & Woods maintained an “outperform” rating while lowering its price target from $108 to $100. The revised target still implies approximately 32.5% upside from the referenced share price. Benzinga analyst price target report
• Positive Sentiment: PennyMac declared a quarterly dividend of $0.30 per share, payable August 27 to shareholders of record August 17. The dividend provides continuing shareholder income and represents an indicated yield of about 1.4%. PennyMac dividend report
• Neutral Sentiment: Wells Fargo retained an “overweight” rating but reduced its price target from $100 to $95, still indicating approximately 25.8% potential upside. The target reduction reflects more cautious expectations despite the favorable rating. Benzinga Wells Fargo price target report
• Negative Sentiment: Second-quarter results missed estimates: adjusted earnings were $1.39 per share versus consensus of approximately $2.08–$2.11, while revenue of $566 million fell short of the $571.6 million estimate. Earnings also declined from $2.54 per share a year earlier, despite revenue growth of 11.8%, increasing pressure on the stock. PennyMac second-quarter 2026 results
• Negative Sentiment: Rosen Law Firm said it is investigating potential securities claims alleging that PennyMac may have issued materially misleading information to investors. The announcement could add legal and reputational uncertainty, although it does not establish wrongdoing. Rosen Law Firm PFSI investor investigation

PennyMac Financial Services Company Profile

PennyMac Financial Services, Inc (NYSE: PFSI) is a leading mortgage banking company based in Westlake Village, California. The firm operates through two primary business segments: Production and Mortgage Servicing Rights (MSR). In its Production segment, PennyMac originates residential mortgage loans through retail, wholesale and correspondent channels, focusing on both purchase and refinance transactions. The MSR segment involves the acquisition and servicing of mortgage loans, whereby the company earns fees for managing loan portfolios on behalf of investors.

Since its founding in 2008, PennyMac has grown through a combination of organic origination and strategic acquisition of servicing rights, positioning itself as one of the largest residential mortgage loan servicers in the United States.