Pennymac Finl Svcs Inc Stock Price, News & Analysis

PennyMac Financial Services (NYSE: PFSI) reported a net income of $204.2 million for Q2 2021, equating to $2.94 per share, on revenue of $742.3 million. Book value per share rose to $54.49. The board declared a cash dividend of $0.20 per share, payable on August 26, 2021. However, pretax income declined 45% from the prior quarter, primarily due to reduced gains on loans. The company repurchased 5.1 million shares at a cost of $306 million. The servicing segment maintained a strong portfolio valued at $473.2 billion, a 22% increase year-over-year.

PennyMac Financial Services is set to announce its quarterly results for the period ending June 30, 2021, with a release scheduled for August 5, 2021. The announcement will be accessible on the company's investor relations website. Following the results, executives will provide insights in a recorded presentation, available alongside the news release. PennyMac is recognized as a leader in the U.S. residential mortgage industry, having originated $228 billion in loans in the past year, and services loans totaling $449 billion.

PennyMac Financial Services (NYSE: PFSI) has announced an upcoming combined virtual Investor Day with PennyMac Mortgage Investment Trust (NYSE: PMT) scheduled for June 17, 2021. Registration is open on their investor relations website. The event will run from 12:00 p.m. to 3:00 p.m. ET and will feature presentations by senior executives and Q&A sessions. PennyMac Financial has established itself as a leader in the U.S. residential mortgage market, originating $228 billion in loans last year and servicing $449 billion in loans, ranking it as the second-largest lender and sixth-largest servicer in the nation.

PennyMac Mortgage Investment Trust (NYSE: PMT) announced its virtual Investor Day scheduled for June 17, 2021, in collaboration with PennyMac Financial Services, Inc. (NYSE: PFSI). Registration is now open on their investor relations website. The event will feature presentations from senior executives and include Q&A sessions, starting at 12:00 p.m. ET and concluding at approximately 3:00 p.m. ET. A live video webcast will be available for attendees, with a replay accessible afterward.

PennyMac Financial Services (NYSE: PFSI) reported net income of $376.9 million for Q1 2021, translating to $5.15 per share. Revenue reached $944.7 million, with a book value per share increase to $51.78. The firm declared a cash dividend of $0.20 per share, payable on May 27, 2021. Pretax income fell 18% from the prior quarter to $506 million, though it rose 22% year-over-year. The production segment saw income decline by 37%, while record locking of $19.1 billion in interest rate lock commitments was reported.

PennyMac Financial Services (NYSE: PFSI) will announce its Q1 2021 results on May 6, 2021, after market close. The results will be discussed in a recorded presentation available online. Additionally, PFSI will host a virtual Investor Day with PennyMac Mortgage Investment Trust (NYSE: PMT) on June 17, 2021, featuring presentations and Q&A sessions. PennyMac, established in 2008, is a top player in the U.S. residential mortgage industry, ranking third in loan origination with $197 billion and sixth in loan servicing with $427 billion as of December 31, 2020.

PennyMac Financial Services (NYSE: PFSI), a leading U.S. residential mortgage company, is actively recruiting in the Nashville Metropolitan Area for Loan Officers and key roles. While the office location is yet to be disclosed, the expansion aims to enhance customer service and operational reach. With over 6,000 employees and 15 locations nationwide, PennyMac has opened new offices in Cary, North Carolina, and Phoenix, Arizona. The company produced $197 billion in new loans in 2020, positioning itself as the third-largest mortgage lender in the U.S.

PennyMac Financial Services announced its 2021 Annual Meeting of Stockholders set for June 3, 2021, at 11:00 a.m. PDT, to be held virtually. Stockholders as of April 6, 2021, can attend and vote during the meeting. Participation details are available via a web link, and attendees can submit questions in advance as outlined in the proxy statement filed with the SEC. In 2020, PennyMac originated loans totaling $197 billion and serviced loans worth $427 billion, ranking as the third largest mortgage lender and sixth largest servicer in the U.S.

PennyMac Financial Services (NYSE: PFSI) has appointed Doug Jones as President and Chief Mortgage Banking Officer, promoting him from Senior Managing Director and Chief Mortgage Banking Officer. This move highlights the company's commitment to succession planning and leadership continuity. Jones will oversee all loan production and servicing activities. Chairman and CEO David A. Spector emphasized Jones' experience and dedication as key to the company's future growth. PennyMac, founded in 2008, is a leading mortgage lender and servicer, managing substantial loan portfolios in the U.S.