Wells Fargo & Company Has Lowered Expectations for PennyMac Financial Services (NYSE:PFSI) Stock Price

Posted by Brian Himes on Oct 30th, 2026

PennyMac Financial Services (NYSE:PFSI – Get Free Report) had its price objective lowered by stock analysts at Wells Fargo & Company from $95.00 to $85.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 37.39% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. BTIG Research lowered their target price on shares of PennyMac Financial Services from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Barclays cut their target price on PennyMac Financial Services from $85.00 to $71.00 and set an “equal weight” rating for the company in a research note on Monday, October 5th. Wall Street Zen lowered PennyMac Financial Services from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Stephens dropped their price objective on shares of PennyMac Financial Services from $91.00 to $78.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Finally, Weiss Ratings cut PennyMac Financial Services from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $92.14.

Get Our Latest Report on PennyMac Financial Services

PennyMac Financial Services Price Performance

NYSE:PFSI traded down $2.54 on Friday, reaching $61.87. The stock had a trading volume of 526,978 shares, compared to its average volume of 666,359. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 3.22. The company has a market capitalization of $3.21 billion, a P/E ratio of 8.51 and a beta of 1.45. The stock has a fifty day moving average price of $66.27 and a 200-day moving average price of $85.44. PennyMac Financial Services has a 1-year low of $57.52 and a 1-year high of $160.36.

PennyMac Financial Services (NYSE:PFSI – Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.22). PennyMac Financial Services had a return on equity of 11.18% and a net margin of 17.74%. The company had revenue of $502.00 million for the quarter, compared to analyst estimates of $531.77 million. During the same period last year, the firm earned $3.37 earnings per share. The firm’s revenue for the quarter was down 25.9% on a year-over-year basis. Research analysts forecast that PennyMac Financial Services will post 6.72 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PFSI. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in PennyMac Financial Services in the 2nd quarter valued at about $25,000. Silvant Capital Management LLC purchased a new position in PennyMac Financial Services in the second quarter valued at about $34,000. GAMMA Investing LLC grew its stake in PennyMac Financial Services by 313.2% in the 3rd quarter. GAMMA Investing LLC now owns 438 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 332 shares during the last quarter. Freestone Grove Partners LP acquired a new position in shares of PennyMac Financial Services in the second quarter worth $41,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of PennyMac Financial Services during the 2nd quarter worth $79,000. Hedge funds and other institutional investors own 57.87% of the company’s stock.

PennyMac Financial Services Company Profile

(Get Free Report)

PennyMac Financial Services, Inc (NYSE: PFSI) is a specialty financial services company focused on the U.S. residential mortgage market. Through its subsidiaries, the company originates, acquires, and services residential mortgage loans, with an emphasis on conventional, government-backed, and other mortgage products.

PennyMac’s primary businesses include mortgage production, loan servicing, and investment management. Its production platform acquires and originates loans through correspondent relationships with banks and other lenders, as well as through direct-to-consumer and broker channels.