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PFSI $91.09

PFSI target price
91.09
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PennyMac Loan Services, LLC
Type
Subsidiary of a public company
Traded as NYSE: PFSI
Industry Mortgage lending
Founded 2008
Headquarters Westlake Village, California, United States
Area served
United States
Key people
The parent company (PFSI): Stan Kurland (CEO)
David Spector, COO
Products 30-year fixed-rate mortgages, 15-year fixed-rate mortgages, FHA loans, VA loans, ARM loans, jumbo loans
Number of employees
2,918 (2017)
Website PennyMacUSA.com

PennyMac Loan Services, LLC, is an American residential mortgage company headquartered in Westlake Village, California and is the principal mortgage banking subsidiary of PennyMac Financial Services, Inc. PennyMac originated $22.0 billion in mortgage loans in 2012. On May 14, 2013, its parent (PennyMac Financial Services, Inc.) was listed on the New York Stock Exchange under the ticker PFSI with a market capitalization of $346.06 million as of the close of the market on January 10, 2014. At the time of its IPO, PennyMac had more than 600 employees at its Moorpark headquarters, making it one of the largest private employers and biggest tenants in the city. PennyMac does not have a "brick and mortar" branch network. The company conducts its business through a consumer-direct model, which relies on the Internet and call center-based staff to acquire and interact with customers across the country.

PennyMac was founded in 2008 and was set up initially to do workouts on distressed loans, then later began refinancing and originating mortgages online and buying loans from smaller lenders. PennyMac is a separate organization from PennyMac Mortgage Investment Trust (NYSE: PMT), a mortgage REIT. PennyMac is a member of the Russell 2000.

PennyMac Loan Services consists of three primary businesses:

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-02 Future report Set alerts
Q2 2022 2022-08-02 2.28 2.28
Q1 2022 2022-05-05 2.94 2.94
Q4 2021 2022-02-03 2.79 2.79
Q3 2021 2021-11-04 3.80 3.80
Q2 2021 2021-08-05 2.94 2.94
Q1 2021 2021-05-06 5.15 5.15
Q4 2020 2021-02-04 5.97 5.97
Q3 2020 2020-11-05 0.00 0.00
Q2 2020 2020-08-06 4.39 4.39

Ratings

2016-07-12 Upgrade Bank of America Corp. Neutral to Buy
2016-05-10 Reiterated Rating Piper Jaffray Overweight $19.00 to $18.00
2016-05-10 Reiterated Rating Piper Jaffray Cos. Overweight $19.00 to $18.00
2016-03-15 Reiterated Rating Compass Point Buy $21.00 to $17.00
2016-02-06 Reiterated Rating Barclays Hold
2016-02-06 Reiterated Rating Barclays PLC Hold
2016-02-05 Lower Price Target Keefe, Bruyette & Woods Outperform $20.50 to $17.00
2016-02-05 Lower Price Target Barclays Overweight $20.00 to $16.00
2016-02-05 Reiterated Rating Piper Jaffray Overweight $23.00 to $19.00
2016-02-04 Lower Price Target Credit Suisse $18.00 to $15.00
2016-02-04 Lower Price Target Citigroup Inc. Buy $21.00 to $15.00
2016-02-04 Lower Price Target Credit Suisse Group AG $18.00 to $15.00
2016-01-13 Downgrade Goldman Sachs Buy to Neutral $19.00
2016-01-13 Downgrade Goldman Sachs Group Inc. Buy to Neutral $19.00
2016-01-08 Reiterated Rating Compass Point Buy $23.00 to $21.00
2015-12-10 Initiated Coverage Barclays Overweight $20.00
2015-12-03 Reiterated Rating JPMorgan Chase & Co. Neutral $18.00 to $21.00
2015-05-26 Reiterated Rating Piper Jaffray Overweight $23.00
2015-05-08 Reiterated Rating Compass Point Buy $21.00
2015-05-07 Boost Price Target Citigroup Inc. Buy $18.00 to $21.00
2015-02-02 Boost Price Target JPMorgan Chase & Co. Neutral $18.00 to $21.00
2015-01-28 Boost Price Target Piper Jaffray Overweight $20.00 to $24.00
2015-01-08 Set Price Target Compass Point Buy $18.00 to $21.00
2014-11-04 Initiated Coverage Keefe, Bruyette & Woods Outperform $19.00
2014-10-10 Initiated Coverage Imperial Capital Overweight $18.00
2014-10-10 Initiated Coverage JMP Securities Outperform $20.00
2014-10-09 Initiated Coverage Piper Jaffray Hold to Overweight $18.00
2014-06-13 Initiated Coverage Goldman Sachs Buy
2014-05-13 Reiterated Rating Citigroup Inc. Buy $20.00 to $19.00
2014-05-09 Lower Price Target Jefferies Group $20.00 to $18.00
2014-05-08 Upgrade Compass Point Neutral to Buy $15.00 to $18.50
2014-04-16 Reiterated Rating JPMorgan Chase & Co. Neutral $17.00
2014-04-01 Upgrade Jefferies Group Hold to Buy $19.00 to $20.00
2014-03-28 Upgrade Wells Fargo & Co. Market Perform to Outperform $17.00 to $19.00
2014-03-28 Upgrade Wells Fargo Market Perform to Outperform $17.00 to $19.00
2014-01-10 Downgrade FBR & Co. Outperform to Market Perform $19.00 to $25.00
2013-11-11 Lower Price Target Compass Point Neutral $16.50 to $15.50
2013-10-15 Downgrade Wells Fargo & Co. Outperform to Market Perform
2013-10-15 Downgrade Wells Fargo Outperform to Market Perform
2013-10-03 Lower Price Target Compass Point Neutral $18.00 to $16.50
2016-07-12 Upgrade Bank of America Corp. Neutral to Buy
2016-05-10 Reiterated Rating Piper Jaffray Overweight $19.00 to $18.00
2016-05-10 Reiterated Rating Piper Jaffray Cos. Overweight $19.00 to $18.00
2016-03-15 Reiterated Rating Compass Point Buy $21.00 to $17.00
2016-02-06 Reiterated Rating Barclays Hold

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
BlackRock Inc. 8.37%  (1800000) BLK / NBN / PFSI /
COOPERMAN LEON G 4.60%  (990200) ARP / ASPS / ATLS / ERS / FDC / KFN / NAO / NEWM / OCN / PFSI / REXI / RSO / WAC /
NANJI FARHAD 0.27%  (57872) PFSI /
Chang Andrew S Chief Business Development Off 0.25%  (54799) PFSI / PMT /
MAZZELLA JOSEPH F 0.25%  (54351) PFSI /
Walker David M Chief Credit & Entrprs Risk Of 0.20%  (42426) PFSI / PMT /
MCCALLION ANNE Chief Financial Officer 0.18%  (39700) PFSI / PMT /
SPECTOR DAVID President & Chief Operating Of 0.18%  (39641) PFSI / PMT /
Fartaj Vandad Chief Capital Markets Officer 0.18%  (37969) PFSI / PMT /
Hunt James K 0.17%  (35557) PFSI / TCRD /
Wiedman Mark 0.15%  (31557) PFSI /
Youssouf Emily Ann 0.13%  (28842) PFSI /
Kinsella Patrick 0.12%  (26885) PFSI /
Botein Matthew 0.12%  (26621) AHL / NBN / PFSI / PMT /
Jones Doug Chf Corr Lending Officer 0.09%  (19821) PFSI / PMT /
KURLAND STANFORD L Chairman and CEO 0.07%  (15876) PFSI / PMT /
TAYLOR JOHN 0.05%  (9954) BBCN / KW / PFSI / WIBC /
Hendry Gregory L EVP, Chief Accounting Officer 0.05%  (9885) PFSI / PMT /
Bailey Steven Richard Chief Mortgage Ops Officer 0.04%  (9002) PFSI / PMT /
Tozer Theodore W 0.03%  (7223) PFSI /