PennyMac Financial Services to present at Barclays Global Financial Services Conference

PennyMac Financial Services, Inc. (NYSE:PFSI) announced Monday it will present at the Barclays Global Financial Services Conference. The $6.1 billion market cap mortgage banker, currently trading near its 52-week high of $119.60, has shown strong momentum with a 16% return over the past six months. According to a statement included in a recent SEC filing, the company has made its investor update available on its investor relations website and furnished it as an exhibit to its current report on Form 8-K.

The filing states that the investor update is being provided in connection with the company’s participation at the conference on Monday. PennyMac Financial Services is a mortgage banker and loan correspondent based in Westlake Village, California.

The information provided in the update, as noted in the filing, is not considered “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and is not subject to the liabilities of that section. The company’s common stock is listed on the New York Stock Exchange under the ticker NYSE:PFSI.

This information is based on a press release statement included in the company’s SEC filing.

In other recent news, PennyMac Financial Services has announced the pricing of a $650 million senior notes offering with an interest rate of 6.750%, set to mature on February 15, 2034. Interest on these notes will be payable semi-annually starting February 15, 2026. Additionally, Wells Fargo has assumed coverage of PennyMac Financial with an Overweight rating and a price target of $115, highlighting the company’s strong position as a top correspondent aggregator and its growth opportunities in consumer direct and broker channels.

Keefe, Bruyette & Woods (KBW) has raised its price target for PennyMac Financial to $121 from $117, maintaining an Outperform rating, citing a more constructive outlook following discussions with the company’s management. Piper Sandler has also reiterated an Overweight rating with a price target of $121, expressing confidence in PennyMac’s ability to benefit from recent mortgage rate movements. Meanwhile, KBW has reiterated its previous Outperform rating and $117 price target, following meetings with PennyMac’s leadership team. These developments reflect a positive sentiment among analysts regarding PennyMac Financial’s future prospects.

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