PennyMac Financial Services Inc PFSI Stock Quotes and Insider News

Insider Chart Past 6 Months

Technical Chart

Filings by transaction date

Apr 09, 2024 (filed on Apr 11, 2024)

Insider Name:

Spector David

Ownership Type:

Indirect Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-10,000

Price:

$90.72
Mar 25, 2024 (filed on Mar 26, 2024)

Insider Name:

Stark Derek

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-5,255

Price:

$89.44
Mar 19, 2024 (filed on Mar 20, 2024)

Insider Name:

Chang William Herbert

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-260

Price:

$85.06
Mar 12, 2024 (filed on Mar 13, 2024)

Insider Name:

Spector David

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-3,326

Price:

$85.67
Mar 11, 2024 (filed on Mar 13, 2024)

Insider Name:

Jones Doug

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-17,079

Price:

$86.10
Mar 11, 2024 (filed on Mar 13, 2024)

Insider Name:

Spector David

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-26,451

Price:

$86.05
Mar 11, 2024 (filed on Mar 13, 2024)

Insider Name:

Spector David

Ownership Type:

Indirect Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-10,000

Price:

$86.05
Mar 04, 2024 (filed on Mar 05, 2024)

Insider Name:

Follette James

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-5,061

Price:

$84.66
Feb 29, 2024 (filed on Mar 04, 2024)

Insider Name:

Jacobson Jonathon S

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

1,854

Price:

--
Feb 29, 2024 (filed on Mar 04, 2024)

Insider Name:

Nanji Farhad

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

1,854

Price:

--

Filings by filing date

Apr 09, 2024 (filed on Apr 11, 2024)

Insider Name:

Spector David

Ownership Type:

Indirect Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-10,000

Price:

$90.72
Mar 25, 2024 (filed on Mar 26, 2024)

Insider Name:

Stark Derek

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-5,255

Price:

$89.44
Mar 19, 2024 (filed on Mar 20, 2024)

Insider Name:

Chang William Herbert

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-260

Price:

$85.06
Mar 11, 2024 (filed on Mar 13, 2024)

Insider Name:

Jones Doug

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-17,079

Price:

$86.10
Mar 12, 2024 (filed on Mar 13, 2024)

Insider Name:

Spector David

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-3,326

Price:

$85.67
Mar 11, 2024 (filed on Mar 13, 2024)

Insider Name:

Spector David

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-26,451

Price:

$86.05
Mar 11, 2024 (filed on Mar 13, 2024)

Insider Name:

Spector David

Ownership Type:

Indirect Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-10,000

Price:

$86.05
Mar 04, 2024 (filed on Mar 05, 2024)

Insider Name:

Follette James

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

S - Open market or private sale

# or value acquired/disposed of:

-5,061

Price:

$84.66
Feb 29, 2024 (filed on Mar 04, 2024)

Insider Name:

Jacobson Jonathon S

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

1,854

Price:

--
Feb 29, 2024 (filed on Mar 04, 2024)

Insider Name:

Nanji Farhad

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

A - Grant, award or other under Rule 16b-3(d)

# or value acquired/disposed of:

1,854

Price:

--

News

Biz Brief

Sector: Financials	Industry: Banks

See Regulatory Filings on SEC

Company Contact

Address:	3043 Townsgate Road WESTLAKE VILLAGE CA 91361
Tel:	1-818-2644907
Website:	https://ir.pennymacfinancial.com
IR:	See website

Key People

David A. Spector Chairman of the Board, Chief Executive Officer	Douglas Jones President, Chief Mortgage Banking Officer, Director	Daniel S. Perotti Chief Financial Officer, Senior Managing Director
Don White Chief Risk Officer, Senior Managing Director	Derek W. Stark Senior Managing Director, Chief Legal Officer and Secretary	Steven R. Bailey Senior Managing Director, Chief Servicing Officer
William Chang Senior Managing Director, Chief Capital Markets Officer	James Follette Senior Managing Director, Chief Mortgage Operations Officer

Business Overview

PennyMac Financial Services, Inc. is a specialty financial services company, which is focused on the production and servicing of the United States mortgage loans and the management of investments related to the United States mortgage market. The Company operates through three segments: production, servicing (together, production and servicing comprise its mortgage banking activities) and investment management. The production segment performs loan origination, acquisition and sale activities for its account, as well as for PennyMac Mortgage Investment Trust (PMT). The servicing segment performs loan servicing for both newly originated loans it is holding for sale and loans its services for others, including for PMT. The investment management segment performs investment management activities for PMT, which include the activities associated with investment asset acquisitions and dispositions such as sourcing, due diligence, negotiation and settlement.

Financial Overview

For the fiscal year ended 31 December 2023, PennyMac Financial Services Inc revenues decreased 12% to $2.04B. Net income decreased 70% to $144.7M. Revenues reflect Servicing segment decrease of 33% to $721.4M, Production segment decrease of 26% to $643M. Net income also reflects Servicing increase of 16% to $69.4M (expense), Technology increase of 2% to $143.2M (expense). Dividend per share remained flat at $0.80.

Employees:	3,914 as of Dec 31, 2023

Reporting Currency:	U.S. Dollars
Enterprise value:	$12,271M as of Dec 31, 2023
Annual revenue (TTM):	$2,039M as of Dec 31, 2023
EBITDA (TTM):	$399.60M as of Dec 31, 2023
Net annual income (TTM):	$144.66M as of Dec 31, 2023
Free cash flow (TTM):	-$1,660M as of Dec 31, 2023
Net Debt Last Fiscal Year:	$7,665M as of Dec 31, 2023
Shares outstanding:	50,920,001 as of Apr 10, 2024
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization