Pennymac Finl Svcs Inc Stock Price, News & Analysis

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) 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 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.

PennyMac Financial Services (NYSE: PFSI) has appointed David A. Spector as Chairman of the Board while he continues as CEO. The Board also welcomed Jonathon S. Jacobson from HighSage Ventures, who brings extensive experience as a long-time investment sponsor. Jeffrey Perlowitz has been appointed as the Independent Lead Director, succeeding James K. Hunt. The leadership transitions aim to enhance growth strategies within the specialty financial services firm, highlighted by its position as the third-largest mortgage lender in the U.S. with $170 billion in loan production over the last twelve months.

PennyMac Financial Services, Inc. (NYSE: PFSI) announced the pricing of $650 million in 4.250% Senior Notes due 2029, increasing the offering size from $500 million. The notes, maturing on February 15, 2029, will bear interest paid semi-annually. Proceeds will be used for general corporate purposes, including repaying secured warehouse borrowings. The offering is private, targeting qualified institutional buyers and certain non-U.S. persons. Closing is expected on February 11, 2021.