How to Buy Pennymac Financial Services Stock
Pennymac Financial Services Inc
Pennymac Financial Services is a mortgage company located in California, United States, which is part of the Financial Services sector, and is traded under the ticker PFSI on the NYSE exchange.
Pennymac Financial Services stock last closed at $87.00, up 0.93% from the previous day, and has increased 35.92% in one year. It has overperformed other stocks in the Mortgage Finance industry by 0.23 percentage points. Pennymac Financial Services stock is currently +54.91% from its 52-week low of $56.16, and -8.21% from its 52-week high of $94.78.
There are currently 50.43M shares of PFSI outstanding. The market cap of PFSI is $4.39B. In the past 24 hours, 452,379 PFSI shares were traded.
How to Buy Pennymac Financial Services Stock
Wondering how to invest in Pennymac Financial Services stock? Here's how.
- Figure out where to buy Pennymac Financial Services stock: You need to decide on an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you decide where to buy Pennymac Financial Services stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Pick your method of payment and add your information.
- Research Pennymac Financial Services stock: The Pennymac Financial Services ticker symbol is PFSI. Is Pennymac Financial Services stock a good investment? Should you buy shares of PFSI? How do PFSI's underlying business fundamentals look? Do top analysts think Pennymac Financial Services is a good buy? Why has PFSI's stock price moved recently? (Hint: Our stock analysis website can help you decide if PFSI is a good stock to buy).
- Make your PFSI trade: Decide if you will purchase PFSI shares at the current market price or use a limit order to buy PFSI shares at a particular price.
- Get the latest news on your investment in PFSI: Create a watchlist to important updates regarding your investment in Pennymac Financial Services shares.
Step 1: Figure out where to buy Pennymac Financial Services stock
You will need an online brokerage account to access the NYSE market and buy PFSI shares.
Our favorite brokerage: eToro
Based on our experience, eToro is the best place to buy stocks. Here's why:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
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- Social investing: eToro boasts a community with more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by creating an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've picked your brokerage, you need to fill out some personal information so you can invest in PFSI stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open your new trading account.
- Send your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have finished signing up on stock market apps, your next step is to transfer the money for your investment:
Watch the walkthrough below to see the process of depositing money into your new investment account.
Step 4: Research Pennymac Financial Services stock
Once you have identified the best place to buy Pennymac Financial Services stock, it's important to research their stock before you invest, so you actually understand the risk as well as the upside.
Pennymac Financial Services Metrics
Pennymac Financial Services Due Diligence Checks
WallStreetZen was created to help average investors perform more accurate fundamental analysis quickly.
You can view all of the due diligence checks on PFSI's stock page.
Is PFSI stock properly valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge PFSI's intrinsic value.
Using relative valuations metrics:
- PFSI could be undervalued based on its P/E ratio of 30.1x, relative to Mortgage Finance industry P/E ratio of -51.24x
- PFSI may be overvalued based on its P/B ratio of 1.24x, relative to Mortgage Finance industry P/B ratio of 0.38x
- PFSI could be overvalued based on its PEG ratio of 20.85x
You can do more valuation analysis on PFSI's stock here.
PFSI Financials at a glance
Negative Health Checks:
- PFSI has a relatively high debt to equity ratio of 4.33.
- PFSI profit margin has gone down from 23.9% to 10.3% in the past year.
- Total PFSI debt is higher than 5 years ago, relative to shareholder equity.
Do Wall Street analysts think it's a good time to buy Pennymac Financial Services stock
Out of 6 sell side analysts who give forecasts on PFSI, the consensus analyst rating on Pennymac Financial Services is a Buy
Please note that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent PFSI Analyst Forecasts
Terence Malone, a top 34% analyst from Barclays initiates coverage on PFSI with a strong buy rating and announces their PFSI price target of $82.00, on Nov 15, 2023.
You can dig deeper into what analysts are forecasting on the Pennymac Financial Services stock forecast page.
PFSI Momentum
PFSI Earnings
Last year, PFSI earnings were $144.66M. In the last five year, PFSI's earnings have increased by 1.98% per year. This was faster than the Mortgage Finance industry average of -0.16%.
Last year, PFSI revenue was $1.40B. During the past five year, PFSI's revenue has gone up by 7.32% per year. This was faster than the Mortgage Finance industry average of 0.7%.
Dig into PFSI's earnings and revenue performance here.
Who is buying/selling PFSI?
Over the past year, insiders at PFSI have sold more shares than they have bought.
David Spector, Chairman CEO of PFSI, was the latest PFSI insider to sell. They sold $907,210.00 worth of PFSI stock on Apr 9, 2024.
Learn more about who owns PFSI stock here.
Can I get consistent income from PFSI stock?
No, Pennymac Financial Services doesn't provide an income stream by paying out dividends.
What others are saying about PFSI
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your PFSI trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount limit, use a limit order.
Click the Open Trade button and eToro will place your order.
If you need additional assistance investing in stocks on eToro, click the helpful video below:
Step 6: Get the latest news on your investment in PFSI
Now that you own some PFSI stock, you'll want to stay up-to-date on your shares.
Start a watchlist to monitor your PFSI stock.
PFSI Feed
How to Buy Stock in Pennymac Financial Services
To summarize, here are the 6 steps to buy stock in Pennymac Financial Services:
- Figure out where to buy Pennymac Financial Services stock
- Create your brokerage account
- Put funds into your investment account
- Research Pennymac Financial Services stock
- Make your PFSI trade
- Get the latest news on your investment in PFSI
If you are looking for a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Pennymac Financial Services, create a watchlist today.
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