NYSE:OCN

Ocwen Financial (OCN) Stock Price, News & Analysis

$25.20
+0.75 (+3.07%)
(As of 04/23/2024 ET)
Today's Range
$24.03
$25.87
50-Day Range
$22.74
$28.98
52-Week Range
$21.15
$35.79
Volume
7,923 shs
Average Volume
11,836 shs
Market Capitalization
$195.55 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$39.00

Ocwen Financial MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
54.8% Upside
$39.00 Price Target
Short Interest
Healthy
0.54% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
29.03%
From $5.58 to $7.20 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.81 out of 5 stars

Finance Sector

449th out of 838 stocks

Mortgage Bankers & Correspondents Industry

2nd out of 6 stocks

OCN stock logo

About Ocwen Financial Stock (NYSE:OCN)

Ocwen Financial Corporation, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. It operates through, Servicing and Originations segments. The company provides commercial forward mortgage loan servicing, reverse mortgage servicing, special servicing, and asset management services for to owners of mortgage loans and foreclosed real estate, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans classified as loans. It also originates and purchases conventional and government-insured residential forward and reverse mortgage loans through its correspondent lending arrangements, broker relationships, and retail channels. It serves primarily under the PHH Mortgage and Liberty Reverse Mortgage brands. Ocwen Financial Corporation was founded in 1988 and is headquartered in West Palm Beach, Florida.

OCN Stock Price History

OCN Stock News Headlines

Coral Gables company chairman dies, successor named
Putin and other countries have a plan
Did you catch that bombshell Tucker Carlson interview with Vladimir Putin? It’s not about if you like Tucker or think Putin is the devil or whatever. It's all about the fact that the US dollar might be taking a back seat... and soon.
Ocwen (OCN) Earnings Dates & Reports
Putin and other countries have a plan
Did you catch that bombshell Tucker Carlson interview with Vladimir Putin? It’s not about if you like Tucker or think Putin is the devil or whatever. It's all about the fact that the US dollar might be taking a back seat... and soon.
PFSI Jul 2024 80.000 call
PFSI Apr 2024 85.000 call
PFSI Apr 2024 90.000 put
Ocwen Financial's Earnings: A Preview
Ocwen Financial Q4 2023 Earnings Preview
OCN Mar 2024 30.000 call
Ocwen Financial Corp.
Top 20 Biggest Mortgage Companies in the US
See More Headlines
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Company Calendar

Last Earnings
2/27/2024
Today
4/23/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Mortgage bankers & correspondents
Sub-Industry
Thrifts & Mortgage Finance
CUSIP
67574630
Employees
4,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$39.00
High Stock Price Target
$50.00
Low Stock Price Target
$28.00
Potential Upside/Downside
+57.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-63,700,000.00
Pretax Margin
-5.45%

Debt

Sales & Book Value

Annual Sales
$1.07 billion
Cash Flow
$10.86 per share
Book Value
$52.34 per share

Miscellaneous

Free Float
7,315,000
Market Cap
$192.22 million
Optionable
Optionable
Beta
1.88
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Key Executives

  • Mr. Glen A. Messina (Age 62)
    CEO, President & Chair of the Board
    Comp: $1.8M
  • Mr. Sean Bradley O'Neil (Age 58)
    Executive VP & CFO
    Comp: $689.16k
  • Mr. Dennis Zeleny (Age 69)
    Executive VP & Chief Administrative Officer
    Comp: $1.05M
  • Mr. Scott William Anderson (Age 55)
    Executive VP & Chief Servicing Officer
    Comp: $1.15M
  • Mr. Aaron D. Wade (Age 52)
    Executive VP & Chief Investment Officer
  • Mr. Francois Grunenwald (Age 52)
    Senior VP & Chief Accounting Officer
  • Mr. Joseph J. Samarias (Age 52)
    Chief Ethics Officer, Chief Legal Officer, Executive VP & Company Secretary
  • Ms. Jenna D. Evans (Age 42)
    Executive VP, Chief Risk & Compliance Officer
  • Mr. Michael K. Short
    Vice President of Business Development and Investor Relations
  • Andy Peach
    Senior VP & Interim Originations Leader

OCN Stock Analysis - Frequently Asked Questions

Should I buy or sell Ocwen Financial stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ocwen Financial in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" OCN shares.
View OCN analyst ratings
or view top-rated stocks.

What is Ocwen Financial's stock price target for 2024?

2 Wall Street research analysts have issued 1 year target prices for Ocwen Financial's stock. Their OCN share price targets range from $28.00 to $50.00. On average, they anticipate the company's stock price to reach $39.00 in the next year. This suggests a possible upside of 54.8% from the stock's current price.
View analysts price targets for OCN
or view top-rated stocks among Wall Street analysts.

How have OCN shares performed in 2024?

Ocwen Financial's stock was trading at $30.76 at the beginning of the year. Since then, OCN shares have decreased by 18.1% and is now trading at $25.20.
View the best growth stocks for 2024 here
.

Are investors shorting Ocwen Financial?

Ocwen Financial saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 32,500 shares, a decrease of 30.6% from the March 15th total of 46,800 shares. Based on an average daily volume of 12,000 shares, the short-interest ratio is presently 2.7 days. Approximately 0.5% of the company's stock are sold short.
View Ocwen Financial's Short Interest
.

When is Ocwen Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our OCN earnings forecast
.

How were Ocwen Financial's earnings last quarter?

Ocwen Financial Co. (NYSE:OCN) posted its quarterly earnings data on Tuesday, February, 27th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.09 by $0.35. The financial services provider earned $277.30 million during the quarter, compared to the consensus estimate of $260.23 million. Ocwen Financial had a positive trailing twelve-month return on equity of 10.21% and a negative net margin of 5.97%.

When did Ocwen Financial's stock split?

Shares of Ocwen Financial reverse split on the morning of Friday, August 14th 2020. The 1-15 reverse split was announced on Monday, August 3rd 2020. The number of shares owned by shareholders was adjusted after the market closes on Thursday, August 13th 2020. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

What is Glen Messina's approval rating as Ocwen Financial's CEO?

150 employees have rated Ocwen Financial Chief Executive Officer Glen Messina on Glassdoor.com. Glen Messina has an approval rating of 77% among the company's employees.

What other stocks do shareholders of Ocwen Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ocwen Financial investors own include (GTATQ) (GTATQ), (MBBYF) (MBBYF), GoPro (GPRO), Coty (COTY), Pandora Media (P), Ford Motor (F), Groupon (GRPN), General Electric (GE), Capri (CPRI) and Energy Transfer (ET).

How do I buy shares of Ocwen Financial?

Shares of OCN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:OCN) was last updated on 4/23/2024 by MarketBeat.com Staff

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