PennyMac Financial Services, Inc. Reports Fourth Quarter and Full-Year 2023 Results
PennyMac Financial Services, Inc. (PFSI)
Last pennymac financial services, inc. earnings: 2/6 04:30 pm
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ir.pennymacfinancial.com
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Source: Business Wire
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today reported a net loss of $36.8 million for the fourth quarter of 2023, or $(0.74) per share on a diluted basis, on revenue of $361.9 million. Book value per share decreased to $70.52 from $71.56 at September 30, 2023.PFSI’s Board of Directors declared a fourth quarter cash dividend of $0.20 per share, payable on February 23, 2024, to common stockholders of record as of February 13, 2024.Fourth Quarter 2023 HighlightsPretax loss was $54.2 million, compared to pretax income of $126.8 million in the prior quarter and $67.7 million in the fourth quarter of 2022Includes a non-recurring expense accrual of $158.4 million in the servicing segment as a result of the long-standing arbitration related to the development of our proprietary servicing softwareIssued 5-year $125 million term loan secured by Ginnie Mae MSR and servicing advancesIssued $750 million of 6-year unsecured senior notes due in
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News
- PennyMac Financial Services, Inc. (NYSE: PFSI) had its price target lowered by analysts at Keefe, Bruyette & Woods from $105.00 to $100.00. They now have an "outperform" rating on the stock.MarketBeat
- PennyMac Financial Services, Inc. (NYSE:PFSI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- PennyMac Financial Services, Inc. (NYSE: PFSI) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- PennyMac Financial Services, Inc. (NYSE: PFSI) had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $115.00 to $112.00. They now have a "buy" rating on the stock.MarketBeat
- PennyMac Financial Services, Inc. (NYSE: PFSI) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $110.00 price target on the stock.MarketBeat
PFSI
Earnings
- 4/24/24 - Miss
PFSI
Sec Filings
- 4/24/24 - Form 8-K
- 4/19/24 - Form ARS
- 4/19/24 - Form DEFA14A
- PFSI's page on the SEC website