Wells Fargo & Company Lowers PennyMac Financial Services (NYSE:PFSI) Price Target to $95.00

PennyMac Financial Services (NYSE:PFSI) had its target price lowered by equities research analysts at Wells Fargo & Company from $100.00 to $95.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 25.83% from the company’s previous close.

A number of other research analysts have also weighed in on PFSI. Keefe, Bruyette & Woods decreased their price objective on PennyMac Financial Services from $115.00 to $108.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Barclays dropped their target price on shares of PennyMac Financial Services from $93.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday. Piper Sandler cut shares of PennyMac Financial Services from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $106.00 to $86.00 in a research report on Thursday. BTIG Research decreased their price target on shares of PennyMac Financial Services from $150.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, June 16th. Finally, Wall Street Zen upgraded shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, PennyMac Financial Services has a consensus rating of “Hold” and an average price target of $104.88.

PennyMac Financial Services Stock Performance

NYSE PFSI opened at $75.50 on Thursday. The company has a market cap of $3.92 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 0.54 and a beta of 1.44. The stock’s 50 day simple moving average is $83.07 and its 200-day simple moving average is $93.49. PennyMac Financial Services has a 1-year low of $71.68 and a 1-year high of $160.36. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.33 and a quick ratio of 0.33.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.72). PennyMac Financial Services had a return on equity of 11.21% and a net margin of 17.74%.The firm had revenue of $566.00 million during the quarter, compared to analyst estimates of $571.60 million. During the same period in the prior year, the firm earned $2.54 earnings per share. The business’s revenue was up 11.8% on a year-over-year basis. As a group, equities research analysts anticipate that PennyMac Financial Services will post 9.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other PennyMac Financial Services news, CFO Daniel Stanley Perotti sold 2,925 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $87.50, for a total transaction of $255,937.50. Following the transaction, the chief financial officer owned 210,625 shares of the company’s stock, valued at approximately $18,429,687.50. The trade was a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Gregory L. Hendry sold 2,943 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $81.71, for a total value of $240,472.53. Following the completion of the sale, the chief accounting officer owned 48,968 shares of the company’s stock, valued at approximately $4,001,175.28. The trade was a 5.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 18,045 shares of company stock valued at $1,565,470. Insiders own 15.80% of the company’s stock.

Institutional Investors Weigh In On PennyMac Financial Services

A number of hedge funds have recently modified their holdings of PFSI. EverSource Wealth Advisors LLC purchased a new position in PennyMac Financial Services during the second quarter worth about $26,000. Caitong International Asset Management Co. Ltd grew its stake in shares of PennyMac Financial Services by 7,600.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 231 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 228 shares during the period. Strs Ohio purchased a new stake in shares of PennyMac Financial Services in the 1st quarter valued at approximately $30,000. Los Angeles Capital Management LLC purchased a new stake in shares of PennyMac Financial Services in the 4th quarter valued at approximately $31,000. Finally, GAMMA Investing LLC increased its holdings in shares of PennyMac Financial Services by 97.3% during the 4th quarter. GAMMA Investing LLC now owns 288 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 57.87% of the company’s stock.

More PennyMac Financial Services News

Here are the key news stories impacting PennyMac Financial Services this week:

• Positive Sentiment: Keefe, Bruyette & Woods maintained an “outperform” rating while lowering its price target from $108 to $100. The revised target still implies approximately 32.5% upside from the referenced share price. Benzinga analyst price target report
• Positive Sentiment: PennyMac declared a quarterly dividend of $0.30 per share, payable August 27 to shareholders of record August 17. The dividend provides continuing shareholder income and represents an indicated yield of about 1.4%. PennyMac dividend report
• Neutral Sentiment: Wells Fargo retained an “overweight” rating but reduced its price target from $100 to $95, still indicating approximately 25.8% potential upside. The target reduction reflects more cautious expectations despite the favorable rating. Benzinga Wells Fargo price target report
• Negative Sentiment: Second-quarter results missed estimates: adjusted earnings were $1.39 per share versus consensus of approximately $2.08–$2.11, while revenue of $566 million fell short of the $571.6 million estimate. Earnings also declined from $2.54 per share a year earlier, despite revenue growth of 11.8%, increasing pressure on the stock. PennyMac second-quarter 2026 results
• Negative Sentiment: Rosen Law Firm said it is investigating potential securities claims alleging that PennyMac may have issued materially misleading information to investors. The announcement could add legal and reputational uncertainty, although it does not establish wrongdoing. Rosen Law Firm PFSI investor investigation

About PennyMac Financial Services

PennyMac Financial Services, Inc (NYSE: PFSI) is a leading mortgage banking company based in Westlake Village, California. The firm operates through two primary business segments: Production and Mortgage Servicing Rights (MSR). In its Production segment, PennyMac originates residential mortgage loans through retail, wholesale and correspondent channels, focusing on both purchase and refinance transactions. The MSR segment involves the acquisition and servicing of mortgage loans, whereby the company earns fees for managing loan portfolios on behalf of investors.

Since its founding in 2008, PennyMac has grown through a combination of organic origination and strategic acquisition of servicing rights, positioning itself as one of the largest residential mortgage loan servicers in the United States.