Should I buy or sell Ocwen Financial stock right now?

2 Wall Street 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 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 brokerages have issued 1 year price objectives for Ocwen Financial's stock. Their OCN share price targets range from $28.00 to $50.00. On average, they predict the company's share price to reach $39.00 in the next twelve months. This suggests a possible upside of 68.1% 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 start of the year. Since then, OCN shares have decreased by 24.6% and is now trading at $23.20. View the best growth stocks for 2024 here .

Are investors shorting Ocwen Financial?

Ocwen Financial saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 32,500 shares, a decline of 30.6% from the March 15th total of 46,800 shares. Based on an average trading volume of 12,000 shares, the short-interest ratio is currently 2.7 days. Approximately 0.5% of the company's stock are short sold. 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) announced its quarterly earnings data on Tuesday, February, 27th. The financial services provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.09 by $0.35. The financial services provider earned $277.30 million during the quarter, compared to analysts' expectations 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?

Ocwen Financial shares reverse split before market open on 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 .

NYSE:OCN

Ocwen Financial (OCN) Stock Price, News & Analysis

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$23.45

+0.39 (+1.69%)

(As of 04:10 PM ET)

Compare

Today's Range: $22.72
▼
$23.45
50-Day Range: $22.74
▼
$29.86
52-Week Range: $21.15
▼
$35.79

Volume: 7,118 shs
Average Volume: 11,907 shs
Market Capitalization: $181.97 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $39.00

Get Ocwen Financial alerts:

Ocwen Financial MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 68.1% Upside
$39.00 Price Target
Short Interest: Healthy
0.54% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.17
Based on 2 Articles This Week
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.

4.01 out of 5 stars

Finance Sector

329th out of 844 stocks

Mortgage Bankers & Correspondents Industry

2nd out of 6 stocks

3.3

Analyst's Opinion

Consensus Rating
Ocwen Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Ocwen Financial has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.54% of the float of Ocwen Financial has been sold short.
Short Interest Ratio / Days to Cover
Ocwen Financial has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Ocwen Financial has recently decreased by 30.56%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Ocwen Financial does not currently pay a dividend.
Dividend Growth
Ocwen Financial does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for OCN.

4.0

News and Social Media Coverage

News Sentiment
Ocwen Financial has a news sentiment score of 1.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Ocwen Financial this week, compared to 1 article on an average week.
Search Interest
2 people have searched for OCN on MarketBeat in the last 30 days.
MarketBeat Follows
2 people have added Ocwen Financial to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ocwen Financial insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.80% of the stock of Ocwen Financial is held by insiders.
Percentage Held by Institutions
70.16% of the stock of Ocwen Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Ocwen Financial are expected to grow by 29.03% in the coming year, from $5.58 to $7.20 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ocwen Financial is -2.71, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ocwen Financial is -2.71, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Ocwen Financial has a P/B Ratio of 0.44. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

OCN Stock News Headlines

April 14, 2024 | bizjournals.com

Coral Gables company chairman dies, successor named

April 10, 2024 | americanbankingnews.com

Ocwen Financial (NYSE:OCN) Price Target Lowered to $28.00 at Keefe, Bruyette & Woods

April 19, 2024 | Behind the Markets (Ad)

Will this $2 AI stock double overnight?

It's a tiny AI company fighting for a big piece of a $20 Billion Pentagon contract. What's more, this groundbreaking firm is trading for less than $2 a share!

April 5, 2024 | stockhouse.com

Ocwen Financial Announces Intention to Rebrand as Onity(TM) Group

April 3, 2024 | msn.com

Ocwen Financial plans to change name to Onity Group

April 3, 2024 | globenewswire.com

Ocwen Financial Announces Intention to Rebrand as Onity™ Group

April 2, 2024 | globenewswire.com

Ocwen Financial Corporation Announces Appointment of Claudia Merkle to Board of Directors

March 24, 2024 | investing.com

Ocwen (OCN) Earnings Dates & Reports

April 19, 2024 | Behind the Markets (Ad)

Will this $2 AI stock double overnight?

It's a tiny AI company fighting for a big piece of a $20 Billion Pentagon contract. What's more, this groundbreaking firm is trading for less than $2 a share!

March 22, 2024 | investorplace.com

OCN Stock Earnings: Ocwen Financial Beats EPS, Beats Revenue for Q4 2023

March 20, 2024 | finance.yahoo.com

PFSI Jul 2024 80.000 call

March 16, 2024 | finance.yahoo.com

PFSI Apr 2024 90.000 put

March 16, 2024 | finance.yahoo.com

PFSI Apr 2024 85.000 call

March 11, 2024 | globenewswire.com

PHH Mortgage Recognized by Fannie Mae as a 2023 Star Performer

February 28, 2024 | finance.yahoo.com

Ocwen Financial Corporation (NYSE:OCN) Q4 2023 Earnings Call Transcript

February 27, 2024 | finanznachrichten.de

Ocwen Financial Corp.: Ocwen Financial Announces Full Year and Fourth Quarter 2023 Results

February 27, 2024 | finance.yahoo.com

Ocwen Financial Corp (OCN) Reports Full Year and Q4 2023 Results

February 27, 2024 | globenewswire.com

Ocwen Financial Announces Full Year and Fourth Quarter 2023 Results

February 26, 2024 | benzinga.com

Ocwen Financial's Earnings: A Preview

February 26, 2024 | msn.com

Ocwen Financial Q4 2023 Earnings Preview

February 20, 2024 | finance.yahoo.com

Ocwen Financial Schedules Conference Call – Fourth Quarter and Full Year 2023 Results

February 20, 2024 | globenewswire.com

Ocwen Financial Schedules Conference Call – Fourth Quarter and Full Year 2023 Results

February 18, 2024 | finance.yahoo.com

OCN Mar 2024 30.000 call

February 17, 2024 | money.usnews.com

Ocwen Financial Corp.

February 14, 2024 | finance.yahoo.com

Top 20 Biggest Mortgage Companies in the US

January 16, 2024 | finance.yahoo.com

Investors in Ocwen Financial (NYSE:OCN) have unfortunately lost 15% over the last year

December 14, 2023 | finance.yahoo.com

Why Fast-paced Mover Ocwen (OCN) Is a Great Choice for Value Investors

See More Headlines

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Company Calendar

Last Earnings: 2/27/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/02/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Mortgage bankers & correspondents
Sub-Industry: Thrifts & Mortgage Finance
Current Symbol: NYSE:OCN
CUSIP: 67574630
CIK: 873860
Web: www.ocwen.com
Phone: (561) 682-8000
Fax: 561-681-8177
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: +70.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($8.55)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 4.10
P/E Growth: N/A
Net Income: $-63,700,000.00
Net Margins: -5.97%
Pretax Margin: -5.45%
Return on Equity: 10.21%
Return on Assets: 0.34%

Debt

Debt-to-Equity Ratio: 23.13
Current Ratio: 18.14
Quick Ratio: 18.14

Sales & Book Value

Annual Sales: $1.07 billion
Price / Sales: 0.17
Cash Flow: $10.36 per share
Price / Cash Flow: 2.21
Book Value: $52.34 per share
Price / Book: 0.44

Miscellaneous

Outstanding Shares: 7,760,000
Free Float: 7,315,000
Market Cap: $177.70 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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

OCN Stock Analysis - Frequently Asked Questions

Should I buy or sell Ocwen Financial stock right now?: 2 Wall Street 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 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 brokerages have issued 1 year price objectives for Ocwen Financial's stock. Their OCN share price targets range from $28.00 to $50.00. On average, they predict the company's share price to reach $39.00 in the next twelve months. This suggests a possible upside of 68.1% 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 start of the year. Since then, OCN shares have decreased by 24.6% and is now trading at $23.20.
View the best growth stocks for 2024 here.
Are investors shorting Ocwen Financial?: Ocwen Financial saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 32,500 shares, a decline of 30.6% from the March 15th total of 46,800 shares. Based on an average trading volume of 12,000 shares, the short-interest ratio is currently 2.7 days. Approximately 0.5% of the company's stock are short sold.
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) announced its quarterly earnings data on Tuesday, February, 27th. The financial services provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.09 by $0.35. The financial services provider earned $277.30 million during the quarter, compared to analysts' expectations 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?: Ocwen Financial shares reverse split before market open on 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 4/19/2024 by MarketBeat.com Staff

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