PennyMac Financial Services (PFSI)
Produces and services U.S. residential mortgages across correspondent, broker, and consumer-direct channels.
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Sources and originates U.S. residential mortgages through correspondent, broker-direct, and consumer-direct channels, earning loan-sale and fulfillment income before retaining many servicing rights. Owned servicing and subservicing generate fees, while the servicing portfolio supplies refinancing leads.
Produces prime-credit U.S. residential mortgages through Correspondent Production, Broker Direct Lending, and Consumer Direct Lending. Loans are sold or securitized, generally with servicing rights retained; fulfillment and investment-management work for PennyMac Mortgage Investment Trust adds fee income. Production replenishes owned servicing assets, while the servicing portfolio supplies leads for direct refinancing.
Services owned mortgage servicing rights and subservices loans for PMT and other institutions, including payment, escrow, collection, and default administration. A pending acquisition of Cenlar’s subservicing business would materially expand this fee-based line if approved and completed. Results depend on mortgage rates, housing demand, financing and hedging markets, federal and state mortgage rules, and continued eligibility with Fannie Mae, Freddie Mac, and Ginnie Mae.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 30, 2026 | BTIG | Reiterate | Rating: —Target: $105 | Target: $90 |
| Jul 30, 2026 | Stephens | Target | Target: — | Target: $78 |
| Jul 30, 2026 | Barclays | Reiterate | Rating: —Target: $93 | Target: $85 |
| Jul 30, 2026 | Piper Sandler | Downgrade | Target: $106 | Target: $86 |
| Jul 7, 2026 | Barclays | Downgrade | Target: $107 | Target: $93 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $748.0M · Total debt $23.69B · Total assets $29.86B · Shareholders' equity $4.34B
- Revenue
- $972.2M
- Operating income
- $31.5M
- Net income
- $21.7M
HistoryDividendAnnual yield
| Institutions | 65.66% | 34.11M shares | |
|---|---|---|---|
| 253 holders · as of Jun 30, 2026 | |||
| Insiders | 4.41% | 2.29M shares | |
| 22 holders · as of Aug 4, 2026 | |||
| Strategic holders | 4.26% | 2.21M shares | |
| 1 holder · as of Feb 24, 2022 | |||
| Other | 25.67% | 13.34M shares | |
| remainder | |||
51.95M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
MFN Partners Management, LPInstitution | 8.72% | 4.53M | as of Jun 30, 2026 |
T. Rowe Price Investment Management, Inc.Institution | 7.55% | 3.92M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 4.48% | 2.33M | as of Jun 30, 2026 |
BlackRock Inc.1Strategic10 percent owner | 4.26% | 2.21M | filed Feb 24, 2022 |
Dimensional Fund Advisors LPInstitution | 4.10% | 2.13M | as of Jun 30, 2026 |
- BlackRock Inc.'s transaction reports restate only vehicles that traded; the 2022 ownership statement (2.21M) is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 1, 2026 | Gregory L. Hendry | officer: MD, Chief Accounting Officer | −2,177 | $86.89 |
| Jun 22, 2026 | Gregory L. Hendry | officer: MD, Chief Accounting Officer | −2,943 | $81.71 |
| May 15, 2026 | Daniel Stanley Perotti | officer: Chief Financial Officer | −2,925 | $87.50 |
| May 12, 2026 | David Spector | director, officer: Chairman & CEO | −10,000 | $87.99 |
| Apr 14, 2026 | David Spector | director, officer: Chairman & CEO | −10,000 | $92.83 |
- Rocket Companies
Broadest overlap in mortgage origination, servicing, and recapture
- UWM
Wholesale mortgage scale against broker and correspondent production
- Rithm Capital
Newrez overlaps in multichannel production, servicing, and MSRs
- Onity Group
Servicing and subservicing peer through PHH / Onity Mortgage
- loanDepot
Consumer mortgage and servicing recapture rival
- JPMorgan Chase
Large bank home-lending competitor in mortgage credit and servicing
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| PennyMac Financial Services | $65.31 | −2.46% | $3.48B | 9.2 | 7.8 | 0.7 | +11.8% |
| Rocket Companies | $12.44 | −2.39% | $35.98B | 87.3 | 17.4 | 3.7 | +113.7% |
| UWM | $1.25 | −1.19% | $1.91B | — | 4.8 | 0.6 | −78.6% |
| Rithm Capital | $9.50 | −1.50% | $5.38B | 16.1 | 4.3 | 1.0 | +205.4% |
| Onity Group | $31.38 | −2.09% | $270.3M | 2.1 | 6.6 | 0.2 | +14.7% |
| loanDepot | $0.7038 | −3.83% | $245.2M | — | 38.4 | 0.2 | +19.4% |
| JPMorgan Chase | $338.34 | −0.49% | $911.03B | 14.6 | 14.0 | 3.1 | +27.8% |
| Median | 15.4 | 10.3 | 0.8 | +23.6% |