PFSI RSI Chart
Last 7 days
0.1%
Last 30 days
8.1%
Last 90 days
5.6%
Trailing 12 Months
44.4%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2024 | 1.4B | 0 | 0 | 0 |
2023 | 1.6B | 1.5B | 1.4B | 1.4B |
2022 | 2.9B | 2.6B | 2.3B | 2.0B |
2021 | 3.9B | 3.8B | 3.5B | 3.2B |
2020 | 2.0B | 2.5B | 3.2B | 3.7B |
2019 | 994.1M | 1.1B | 1.2B | 1.5B |
2018 | 989.2M | 1.0B | 1.0B | 984.6M |
2017 | 937.8M | 943.7M | 949.6M | 955.5M |
2016 | 0 | 0 | 0 | 931.9M |
Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index
Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>
Returns of $10,000 invested in:
Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224
Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
May 03, 2024 | mazzella joseph f | sold | -1,493,930 | 90.7335 | -16,465 | - |
Apr 26, 2024 | nanji farhad | acquired | 27,697 | 87.93 | 315 | - |
Apr 26, 2024 | mazzella joseph f | acquired | 29,632 | 87.93 | 337 | - |
Apr 09, 2024 | spector david | sold | -907,209 | 90.7209 | -10,000 | chairman & ceo |
Mar 25, 2024 | stark derek | sold | -470,007 | 89.44 | -5,255 | chief legal officer |
Mar 19, 2024 | chang william herbert | sold (taxes) | -22,115 | 85.06 | -260 | chief capital markets officer |
Mar 12, 2024 | spector david | sold | -284,941 | 85.6709 | -3,326 | chairman & ceo |
Mar 11, 2024 | jones doug | sold | -1,470,470 | 86.0984 | -17,079 | director, president & cmbo |
Mar 11, 2024 | spector david | sold | -860,548 | 86.0548 | -10,000 | chairman & ceo |
Mar 11, 2024 | spector david | sold | -2,276,240 | 86.0548 | -26,451 | chairman & ceo |
Which funds bought or sold PFSI recently?
View All DetailsDatesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
May 16, 2024 | HANCOCK WHITNEY CORP | reduced | -5.67 | -11,949 | 419,651 | 0.01% |
May 16, 2024 | COMERICA BANK | reduced | -4.79 | -292 | 14,487 | -% |
May 16, 2024 | JANE STREET GROUP, LLC | added | 1.94 | 199,927 | 4,138,400 | -% |
May 16, 2024 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.5 | 18,638 | 3,728,590 | -% |
May 15, 2024 | D. E. Shaw & Co., Inc. | new | - | 918,005 | 918,005 | -% |
May 15, 2024 | CAPTRUST FINANCIAL ADVISORS | sold off | -100 | -291,974 | - | -% |
May 15, 2024 | TWO SIGMA SECURITIES, LLC | new | - | 224,355 | 224,355 | -% |
May 15, 2024 | MILLENNIUM MANAGEMENT LLC | reduced | -16.21 | -646,504 | 4,096,230 | -% |
May 15, 2024 | MARSHALL WACE, LLP | sold off | -100 | -588,986 | - | -% |
May 15, 2024 | AQR CAPITAL MANAGEMENT LLC | added | 3.68 | 145,567 | 2,264,680 | -% |
Unveiling PennyMac Financial Services Inc's Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Date Filed | Form Type | Document | |
---|---|---|---|
Peers (Alternatives to PennyMac Financial Services Inc)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
GS | 150.8B | 67.8B | 16.02 | 2.22 | ||||
ICE | 79.4B | 9.7B | 32.02 | 8.17 | ||||
CME | 76.5B | 5.7B | 23.72 | 13.5 | ||||
COIN | 50.4B | 4.0B | 37.36 | 12.69 | ||||
FDS | 17.1B | 2.2B | 34.96 | 7.94 | ||||
IBKR | 13.3B | 6.1B | 4.56 | 2.18 | ||||
MID-CAP | ||||||||
JEF | 10.0B | 8.2B | 34.69 | 1.22 | ||||
HLI | 8.6B | 1.8B | 33.31 | 4.69 | ||||
EVR | 7.8B | 2.5B | 30.35 | 3.19 | ||||
FRHC | 4.4B | 1.4B | 13.26 | 3.18 | ||||
CLSK | 3.7B | 283.6M | 57.45 | 12.87 | ||||
SMALL-CAP | ||||||||
DFIN | 1.9B | 802.0M | 18.98 | 2.36 | ||||
AMRK | 887.2M | 10.3B | 11.13 | 0.09 | ||||
COHN | 21.0M | 92.7M | 3.38 | 0.23 | ||||
AAMC | 7.0M | 3.2M | -0.22 | 2.22 |
PennyMac Financial Services Inc News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Revenue | -15.5% | 306 | 362 | 400 | 337 | 303 | 340 | 476 | 512 | 658 | 694 | 787 | 742 | 945 | 1,042 | 1,120 | 822 | 722 | 490 | 436 | 303 | 248 |
Operating Expenses | -37.1% | 262 | 416 | 274 | 264 | 265 | 273 | 291 | 334 | 423 | 460 | 447 | 463 | 439 | 425 | 392 | 341 | 307 | 287 | 270 | 203 | 187 |
EBITDA Margin | 0.3% | 0.17* | 0.17* | 0.26* | 0.28* | 0.30* | 0.33* | 0.34* | 0.35* | 0.36* | 0.41* | 0.48* | 0.54* | - | - | - | - | - | - | - | - | - |
Interest Expenses | -68.1% | -9.34 | -5.56 | 10.00 | -5.69 | -3.29 | 3.00 | 0.00 | -21.26 | -23.42 | -20.86 | -22.40 | -21.63 | -25.63 | -19.46 | -10.23 | -5.89 | 11.00 | 11.00 | 27.00 | 18.00 | 21.00 |
Income Taxes | 126.3% | 5.00 | -17.39 | 34.00 | 15.00 | 8.00 | 30.00 | 50.00 | 48.00 | 61.00 | 61.00 | 90.00 | 75.00 | 129 | 164 | 193 | 128 | 108 | 51.00 | 45.00 | 27.00 | 14.00 |
Earnings Before Taxes | 180.9% | 44.00 | -54.23 | 127 | 73.00 | 38.00 | 68.00 | 185 | 178 | 235 | 234 | 340 | 280 | 506 | 617 | 728 | 480 | 415 | 203 | 166 | 100 | 60.00 |
EBT Margin | 2.9% | 0.13* | 0.13* | 0.22* | 0.25* | 0.29* | 0.34* | 0.36* | 0.37* | 0.38* | 0.43* | 0.50* | 0.55* | - | - | - | - | - | - | - | - | - |
Net Income | 206.7% | 39.00 | -36.84 | 93.00 | 58.00 | 30.00 | 38.00 | 135 | 129 | 174 | 173 | 249 | 204 | 377 | 453 | 535 | 353 | 306 | 153 | 121 | 73.00 | 46.00 |
Net Income Margin | 6.0% | 0.11* | 0.10* | 0.16* | 0.18* | 0.20* | 0.24* | 0.26* | 0.27* | 0.28* | 0.32* | 0.36* | 0.41* | - | - | - | - | - | - | - | - | - |
Free Cashflow | -309.1% | -898 | 430 | -976 | 2,228 | -3,265 | 488 | -589 | 1,703 | 4,425 | -208 | 1,438 | 2,577 | - | - | - | - | - | - | - | - | - |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Assets | 5.1% | 19,802 | 18,845 | 18,949 | 17,984 | 20,103 | 16,823 | 16,362 | 14,272 | 14,618 | 18,777 | 19,745 | 23,880 | 31,298 | 31,598 | 31,181 | 23,226 | 10,891 | 10,204 | 9,303 | 8,398 | 7,819 |
Cash Equivalents | -1.2% | 927 | 938 | 1,177 | 1,532 | 1,498 | 1,329 | 1,559 | 1,415 | 490 | 340 | 477 | 324 | 442 | 533 | 529 | 910 | 879 | 189 | 202 | 232 | 145 |
Net PPE | -5.6% | 18.00 | 19.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 29.00 | 30.00 | 32.00 | 33.00 | 33.00 |
Liabilities | 6.0% | 16,231 | 15,306 | 15,376 | 14,506 | 16,651 | 13,352 | 12,880 | 10,811 | 11,176 | 15,358 | 16,241 | 20,366 | 27,831 | 28,208 | 28,164 | 20,747 | 8,527 | 8,143 | 7,392 | 6,619 | 6,118 |
Shareholder's Equity | 0.9% | 3,570 | 3,539 | 3,573 | 3,479 | 3,452 | 3,471 | 3,482 | 3,461 | 3,442 | 3,418 | 3,504 | 3,514 | 3,467 | 3,389 | 3,017 | 2,479 | 2,364 | 2,062 | 1,912 | 1,779 | 1,701 |
Retained Earnings | 0.8% | 3,543 | 3,514 | 3,561 | 3,479 | 3,452 | 3,471 | 3,482 | 3,461 | 3,442 | 3,293 | 3,132 | 2,895 | 2,705 | 2,342 | 1,901 | 1,366 | 1,023 | 726 | 583 | 462 | 389 |
Additional Paid-In Capital | 11.9% | 27.00 | 24.00 | 11.00 | - | - | - | - | - | - | 125 | 372 | 618 | 763 | 1,047 | 1,116 | 1,113 | 1,341 | 1,335 | 1,328 | 1,317 | 1,312 |
Shares Outstanding | 1.1% | 51.00 | 50.00 | 50.00 | 50.00 | 50.00 | 53.00 | 54.00 | 55.00 | 56.00 | 64.00 | 62.00 | 66.00 | - | - | - | - | - | - | - | - | - |
Float | - | - | - | - | 1,521 | - | - | - | 1,244 | - | - | - | 2,465 | - | - | - | 1,740 | - | - | - | 553 | - |
Cashflow (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Cashflow From Operations | -308.7% | -897,940 | 430,289 | -975,942 | 2,228,325 | -3,264,891 | 489,409 | -587,690 | 1,704,152 | 4,427,364 | -207,022 | 1,438,485 | 2,579,614 | -1,248,016 | -2,275,407 | -4,289,128 | 1,095,881 | -730,284 | -554,982 | -808,196 | -747,698 | -134,247 |
Share Based Compensation | -32.0% | 4,583 | 6,743 | 8,814 | 375 | 11,650 | 11,863 | 6,466 | 14,948 | 9,275 | 9,199 | 8,824 | 8,894 | 10,877 | 18,885 | 7,095 | 6,757 | 12,368 | 5,647 | 8,941 | 5,652 | 4,531 |
Cashflow From Investing | -847.6% | -782,612 | 104,688 | -191,484 | -165,559 | -20,933 | -238,015 | -56,190 | -259,969 | -167,408 | -2,911 | -156,219 | 78,279 | -223,518 | -141,565 | -61,538 | -130,088 | 1,116,225 | -20,634 | 8,977 | 253,210 | -92,771 |
Cashflow From Financing | 315.7% | 1,669,575 | -773,910 | 812,331 | -2,028,273 | 3,455,191 | -481,537 | 787,147 | -518,586 | -4,110,231 | 73,505 | -1,129,931 | -2,775,640 | 1,380,686 | 2,420,511 | 3,969,519 | -934,442 | 304,519 | 562,482 | 768,925 | 581,581 | 216,007 |
Dividend Payments | -100.0% | - | 10,240 | 10,232 | 10,197 | 10,777 | 10,415 | 21,642 | 11,139 | 11,425 | 12,258 | 12,698 | 13,565 | 14,375 | 11,117 | 292 | 9,805 | 9,733 | - | - | - | - |
Buy Backs | 100.0% | - | -84.00 | - | 26,214 | 45,361 | 51,327 | 99,702 | 113,645 | 141,412 | 257,401 | 257,354 | 154,920 | 288,519 | 89,269 | 6,927 | 237,162 | 4,121 | - | - | 1,056 | - |
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
---|---|---|
Mar. 31, 2024 | Mar. 31, 2023 | |
Net gains on loans held for sale at fair value: | ||
Net gains on loans held for sale at fair value | $ 162,441 | $ 104,385 |
Loan origination fees | 36,371 | 31,390 |
Fulfillment fees from PennyMac Mortgage Investment Trust | 4,016 | 11,923 |
Loan servicing fees: | ||
Loan servicing fees | 424,184 | 338,057 |
Change in fair value of mortgage servicing rights and mortgage servicing liabilities | (28,585) | (236,447) |
Mortgage servicing rights hedging results | (294,645) | 47,227 |
Change in fair value of excess servicing spread financing payable to PennyMac Mortgage Investment Trust | (323,230) | (189,220) |
Net loan servicing fees | 100,954 | 148,837 |
Net interest expense: | ||
Interest income | 156,426 | 128,478 |
Interest expense | 165,769 | 131,771 |
Net interest expense | (9,343) | (3,293) |
Management fees from PennyMac Mortgage Investment Trust | 7,188 | 7,257 |
Change in fair value of investment in and dividends received from PennyMac Mortgage Investment Trust | 10 | 26 |
Results of real estate acquired in settlement of loans | 406 | 142 |
Other | 3,617 | 2,195 |
Total net revenues | 305,660 | 302,862 |
Expenses | ||
Compensation | 146,376 | 147,935 |
Technology | 35,967 | 36,038 |
Loan origination | 30,568 | 27,086 |
Servicing | 16,104 | 12,632 |
Professional services | 9,262 | 21,007 |
Occupancy and equipment | 8,676 | 8,820 |
Marketing and advertising | 3,671 | 3,241 |
Other | 11,153 | 7,956 |
Total expenses | 261,777 | 264,715 |
Income before provision for income taxes | 43,883 | 38,147 |
Provision for income taxes | 4,575 | 7,769 |
Net income | $ 39,308 | $ 30,378 |
Earnings per share | ||
Basic (in dollars per share) | $ 0.78 | $ 0.61 |
Diluted (in dollars per share) | $ 0.74 | $ 0.57 |
Weighted-average shares outstanding | ||
Basic (in shares) | 50,547 | 50,154 |
Diluted (in shares) | 53,100 | 53,352 |
Related Party | ||
Net gains on loans held for sale at fair value: | ||
Net gains on loans held for sale at fair value | $ (353) | $ (485) |
Loan origination fees | 359 | 1,410 |
Nonrelated Party | ||
Net gains on loans held for sale at fair value: | ||
Net gains on loans held for sale at fair value | 162,794 | 104,870 |
Loan origination fees | 36,012 | 29,980 |
Net interest expense: | ||
Interest expense | 165,769 | 131,771 |
Non-affiliates | Nonrelated Party | ||
Loan servicing fees: | ||
Loan servicing fees | 358,026 | 290,697 |
PennyMac Mortgage Investment Trust | Related Party | ||
Net gains on loans held for sale at fair value: | ||
Net gains on loans held for sale at fair value | (353) | (485) |
Loan servicing fees: | ||
Loan servicing fees | 20,262 | 20,449 |
Net interest expense: | ||
Change in fair value of investment in and dividends received from PennyMac Mortgage Investment Trust | 10 | 26 |
Others | Nonrelated Party | ||
Loan servicing fees: | ||
Loan servicing fees | $ 45,896 | $ 26,911 |
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
---|---|---|
ASSETS | ||
Cash | $ 927,394 | $ 938,371 |
Short-term investment at fair value | 69 | 10,268 |
Principal-only stripped mortgage-backed securities at fair value pledged to creditors | 524,576 | |
Loans held for sale at fair value (includes $5,127,134 and $4,329,501 pledged to creditors) | 5,200,350 | 4,420,691 |
Derivative assets | 108,987 | 179,079 |
Servicing advances, net (includes valuation allowance of $67,327 and $73,991; $271,947 and $354,831 pledged to creditors) | 499,955 | 694,038 |
Mortgage servicing rights at fair value (includes $7,406,892 and $7,033,892 pledged to creditors) | 7,483,210 | 7,099,348 |
Investment in PennyMac Mortgage Investment Trust at fair value | 1,101 | 1,121 |
Receivable from PennyMac Mortgage Investment Trust | $ 30,835 | $ 29,262 |
Other Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration] | Affiliated entities | Affiliated entities |
Loans eligible for repurchase | $ 4,401,896 | $ 4,889,925 |
Other (includes $16,175 and $15,653 pledged to creditors) | 623,368 | 582,460 |
Total assets | 19,801,741 | 18,844,563 |
LIABILITIES | ||
Assets sold under agreements to repurchase | 5,435,354 | 3,763,956 |
Mortgage loan participation purchase and sale agreements | 363,798 | 446,054 |
Notes payable secured by mortgage servicing assets | 1,972,020 | 1,873,415 |
Unsecured senior notes | 2,521,031 | 2,519,651 |
Derivative liabilities | 40,784 | 53,275 |
Mortgage servicing liabilities at fair value | 1,732 | 1,805 |
Accounts payable and accrued expenses | 263,338 | 449,896 |
Payable to PennyMac Mortgage Investment Trust | $ 127,993 | $ 208,210 |
Other Liability, Related Party, Type [Extensible Enumeration] | Affiliated entities | Affiliated entities |
Payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement | $ 26,099 | $ 26,099 |
Income taxes payable | 1,047,337 | 1,042,886 |
Liability for loans eligible for repurchase | 4,401,896 | 4,889,925 |
Liability for losses under representations and warranties | 29,976 | 30,788 |
Total liabilities | 16,231,358 | 15,305,960 |
Commitments and contingencies - Note 18 | ||
STOCKHOLDERS' EQUITY | ||
Common stock-authorized 200,000,000 shares of $0.0001 par value; issued and outstanding, 50,907,865 and 50,178,963 shares, respectively | 5 | 5 |
Additional paid-in capital | 27,179 | 24,287 |
Retained earnings | 3,543,199 | 3,514,311 |
Total stockholders' equity | 3,570,383 | 3,538,603 |
Total liabilities and stockholders' equity | $ 19,801,741 | $ 18,844,563 |