PennyMac Financial Services, Inc.
boothcheck covers PennyMac Financial Services, Inc. (PFSI) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 28, 2026.
• PennyMac Financial is a mortgage company built from two engines that pull in opposite directions, loan production at about 63% of the business and loan servicing at 37%, so that when high rates choke off new originations, the servicing book becomes more valuable. • The franchise asset is the servicing portfolio, which the company put at about $720 billion in unpaid principal balance, including roughly $320 billion of loans carrying note rates above 5% that become refinance candidates if rates
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221 institutional managers reported holding PFSI in 13F filings for the quarter ended 2026-03-31. Together they hold about 62% of the company; the top 10 hold 41%. 40 opened new positions that quarter. Held by Vanguard Group, Millennium Management, BlackRock, among others. On the short side, 2.3M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (4.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
PFSI has cut its share count 20.9% over the past five years, spending $1.05B on repurchases. It pays a dividend, and has for 6 years running, raised 2 years straight; the current rate is $1.20 a share annually. Cash returned over the past three years: $150.78M in dividends and $54.67M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at PFSI over the trailing three years: 2026: 1 buy totaling $201k. 22 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
PFSI's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | -6.8% | -12.0% |
| 2023-11-01 | +10.3% | +23.6% |
| 2024-02-22 | -3.9% | -0.6% |
| 2024-05-02 | -6.9% | +7.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
PFSI's latest 8-K filings: 2026-07-29 (items 2.02, 9.01); 2026-06-11 (items 5.02, 9.01); 2026-06-04 (items 5.07); 2026-05-05 (items 2.02, 9.01); 2026-03-18 (items 5.03, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.