Wells Fargo resumed coverage on PennyMac with a new price target
$PFSI
Finance: Consumer Services
Finance
Wells Fargo resumed coverage of PennyMac with a rating of Overweight and set a new price target of $115.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/25/2025 | $115.00 | Overweight | Wells Fargo |
| 4/8/2025 | $114.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 7/22/2024 | $102.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 4/9/2024 | $100.00 → $105.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 1/10/2024 | Outperform → Mkt Perform | Keefe Bruyette | |
| 1/10/2024 | $115.00 | Buy | Deutsche Bank |
| 12/6/2023 | $85.00 | Neutral | UBS |
| 12/6/2023 | $13.50 | Neutral | UBS |
PennyMac Mortgage Investment Trust (NYSE:PMT) announced today that its Board of Trustees declared a cash dividend of $0.40 per common share of beneficial interest for the third quarter of 2025. This dividend will be paid on October 24, 2025, to common shareholders of record as of October 10, 2025. About PennyMac Mortgage Investment Trust PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets. PMT is externally managed by PNMAC Capital Management, LLC, a wholly-owned subsidiary of PennyMac Financial Services, Inc. (NYSE:PFSI). Additional information about PennyMac Mortgage Inves
PennyMac Financial Services, Inc. (NYSE:PFSI) (Pennymac) and Vesta Innovations, Inc. (Vesta) announced today a strategic partnership to streamline the mortgage application process and enhance the customer experience. Pennymac, a top mortgage lender and servicer, is the first large mortgage client to go live on Vesta's modern platform, marking a significant industry milestone. As part of this venture, Pennymac has made a long-term minority equity investment in Vesta. "Our partnership with Vesta is a great example of how Pennymac continues to lead the industry through innovation," said Doug Jones, President and Chief Mortgage Banking Officer. "Investing in and integrating Vesta's platform w
Pennymac Correspondent Group Launches New Non-QM Offerings to Support Self-Employed and Non-Traditional Borrowers PennyMac Financial Services, Inc. (NYSE:PFSI) (Pennymac) today announced that its Correspondent Group will launch a new suite of non-qualified mortgage (non-QM) products on September 22. These products will expand access to flexible financing for borrowers who do not meet traditional agency criteria. Pennymac Correspondent Group's new product types include: Debt Service Coverage Ratio (DSCR): For real estate investors where loan qualification is based on the property's cash flow rather than the borrower's personal income. A+, A, A-: Designed for creditworthy borrowers
4 - PennyMac Financial Services, Inc. (0001745916) (Issuer)
4 - PennyMac Financial Services, Inc. (0001745916) (Issuer)
4 - PennyMac Financial Services, Inc. (0001745916) (Issuer)
Wells Fargo resumed coverage of PennyMac with a rating of Overweight and set a new price target of $115.00
Keefe Bruyette upgraded PennyMac from Mkt Perform to Outperform and set a new price target of $114.00
Keefe Bruyette downgraded PennyMac from Outperform to Mkt Perform and set a new price target of $102.00
144 - PennyMac Financial Services, Inc. (0001745916) (Subject)
8-K - PennyMac Financial Services, Inc. (0001745916) (Filer)
144 - PennyMac Financial Services, Inc. (0001745916) (Subject)
SC 13G/A - PennyMac Financial Services, Inc. (0001745916) (Subject)
SC 13G - PennyMac Financial Services, Inc. (0001745916) (Subject)
SC 13G - PennyMac Financial Services, Inc. (0001745916) (Subject)
PennyMac Mortgage Investment Trust (NYSE:PMT) announced today that its Board of Trustees declared a cash dividend of $0.40 per common share of beneficial interest for the third quarter of 2025. This dividend will be paid on October 24, 2025, to common shareholders of record as of October 10, 2025. About PennyMac Mortgage Investment Trust PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets. PMT is externally managed by PNMAC Capital Management, LLC, a wholly-owned subsidiary of PennyMac Financial Services, Inc. (NYSE:PFSI). Additional information about PennyMac Mortgage Inves
PennyMac Mortgage Investment Trust (NYSE:PMT) announced today that its Board of Trustees has declared cash dividends for the third quarter of 2025 on its 8.125% Series A Preferred Shares (NYSE:PMT), its 8.000% Series B Preferred Shares (NYSE:PMT) and its 6.750% Series C Preferred Shares (NYSE:PMT). In accordance with the terms for each preferred series, the dividend information is as follows: Series Ticker Annual Dividend Rate Dividend Per Share Record Date Payment Date A PMT PRA 8.125% $0.507813 September 1, 2025* September 15, 2025 B PMT PRB 8.000% $0.500000
PennyMac Financial Services, Inc. (NYSE:PFSI) and its subsidiaries (the "Company" or "PennyMac Financial") today announced the pricing of its previously announced offering of $650 million aggregate principal amount of 6.750% Senior Notes due 2034 (the "Notes"). The Notes will bear interest at 6.750% per annum and will mature on February 15, 2034. Interest on the Notes will be payable semi-annually on February 15 and August 15 of each year, beginning on February 15, 2026. The Notes will be fully and unconditionally guaranteed on an unsecured senior basis by the Company's existing and future wholly owned domestic subsidiaries, other than certain excluded subsidiaries. Proceeds from the offeri
PennyMac Financial Services, Inc. (NYSE:PFSI) (Pennymac), one of the largest publicly-traded residential mortgage companies in the country, today announced the appointment of Isaac Boltansky as Managing Director, Head of Public Policy. "Pennymac is pleased to welcome Isaac to our strong team of industry professionals. In moments of industry transformation, it is critical to have leaders who understand the ecosystem with the expertise to shape the future of mortgage lending through thoughtful advocacy," said David Spector, Chairman and CEO at Pennymac. "Isaac's established industry ties, policy expertise and strategic insights will reinforce Pennymac's leadership in the mortgage sector." M
Top Mortgage Lender Appoints Business and Technology Executive to Lead Key Efforts in Technology Solutions, While Providing a Superb Customer Experience for its Correspondent and Broker Partners PennyMac Financial Services, Inc. (NYSE:PFSI) (Pennymac) announced today the appointment of Jerry Halbrook as the organization's Chief Mortgage Innovation Officer. With decades of Fintech experience, Mr. Halbrook will develop and launch new technology solutions, preparing the company for future innovations while enhancing Pennymac's business model. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221003005240/en/Jerry Halbrook, Chief Mortg
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today announced the appointment of Doug Jones as President and Chief Mortgage Banking Officer. Mr. Jones had previously served as the Company’s Senior Managing Director and Chief Mortgage Banking Officer, as well as President of PennyMac Loan Services, the Company’s mortgage banking subsidiary. In his new role, Mr. Jones continues to be responsible for all activities relating to the Company’s loan production and loan servicing businesses. “I am pleased to announce this promotion for Doug, which reflects the Company’s continued focus on succession planning,” said PFSI Chairman and CEO David A