NYSE:OCN

Ocwen Financial - OCN Stock Forecast, Price & News

$33.74

-0.27 (-0.79%)

(As of 11/30/2022 12:00 AM ET)

Add

Compare

Today's Range: $33.02
▼
$34.10
50-Day Range: $23.27
▼
$37.05
52-Week Range: $17.76
▼
$41.92

Volume: 26,444 shs
Average Volume: 40,042 shs
Market Capitalization: $256.09 million

P/E Ratio: 3.04
Dividend Yield: N/A
Price Target: $50.00

Ocwen Financial MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 48.2% Upside
$50.00 Price Target
Short Interest: Healthy
4.45% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.23
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 219.27%
From $1.09 to $3.48 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.78 out of 5 stars

Finance Sector

176th out of 907 stocks

Mortgage Bankers & Correspondents Industry

1st out of 7 stocks

3.3

Analyst's Opinion

Consensus Rating
Ocwen Financial has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $50.00, Ocwen Financial has a forecasted upside of 48.2% from its current price of $33.74.
Amount of Analyst Coverage
Ocwen Financial has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
4.45% 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 5.
Change versus previous month
Short interest in Ocwen Financial has recently decreased by 5.52%, 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.

2.9

News and Social Media Coverage

News Sentiment
Ocwen Financial has a news sentiment score of 0.23. 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 lower news sentiment than the 0.66 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
1 people have searched for OCN on MarketBeat in the last 30 days.
MarketBeat Follows
8 people have added Ocwen Financial to their MarketBeat watchlist in the last 30 days.

0.8

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 3.60% of the stock of Ocwen Financial is held by insiders.
Percentage Held by Institutions
55.71% of the stock of Ocwen Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Ocwen Financial are expected to grow by 219.27% in the coming year, from $1.09 to $3.48 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ocwen Financial is 3.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.01.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ocwen Financial is 3.04, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 175.79.
Price to Book Value per Share Ratio
Ocwen Financial has a P/B Ratio of 0.47. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Ocwen Financial (NYSE:OCN) Stock

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

Receive OCN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Ocwen Financial and its competitors with MarketBeat's FREE daily newsletter.

OCN Stock News Headlines

November 27, 2022 | finance.yahoo.com

Ocwen Financial Corporation (NYSE:OCN) insiders placed bullish bets worth US$4.0m in the last 12 months

November 25, 2022 | msn.com

Ocwen Financial Earnings Perspective: Return On Invested Capital

November 6, 2022 | finance.yahoo.com

Do Ocwen Financial's (NYSE:OCN) Earnings Warrant Your Attention?

November 3, 2022 | seekingalpha.com

Ocwen Financial stock spikes on improved Q3 loss, Oaktree deal

November 3, 2022 | seekingalpha.com

Ocwen Financial Corporation (OCN) Q3 2022 Earnings Call Transcript

November 3, 2022 | finance.yahoo.com

Ocwen Financial Announces Third Quarter 2022 Results

November 2, 2022 | msn.com

Earnings Preview: Ocwen Financial

October 26, 2022 | finance.yahoo.com

Ocwen Financial Schedules Conference Call – Third Quarter 2022 Results and Business Update

October 11, 2022 | seekingalpha.com

OCN Ocwen Financial Corporation

September 16, 2022 | thestreet.com

Ocwen Financial (OCN) Stock Hits One-Year Low, Closes Down Today After Hedge Fund Shorts Stock

September 9, 2022 | finance.yahoo.com

Ocwen Financial Comments On New Financial Eligibility Requirements Announced by FHFA and Ginnie Mae

September 5, 2022 | reuters.com

Ocwen Financial Corp

August 31, 2022 | seekingalpha.com

Ocwen: Fundamental Stability And Strategy Amidst Market Volatility

August 28, 2022 | marketwatch.com

Ocwen Finl Corp Has Returned 20.1% Since SmarTrend Recommendation (OCN)

August 24, 2022 | msn.com

Ocwen Financial's Return on Invested Capital Insights

August 16, 2022 | finance.yahoo.com

PHH Mortgage Corporation -- Moody's affirms PHH Mortgage Corporation's Caa1 corporate family rating and B2 senior secured rating; outlook changed to positive

August 6, 2022 | seekingalpha.com

Ocwen Financial Corporation (OCN) CEO Glen Messina on Q2 2022 Results - Earnings Call Transcript

August 5, 2022 | apnews.com

Ocwen: Q2 Earnings Snapshot

August 5, 2022 | fool.com

Ocwen Financial (OCN) Q2 2022 Earnings Call Transcript

August 4, 2022 | seekingalpha.com

Ocwen Financial trades lower after reporting Q2 earnings, interest rates and asset sales impact

August 4, 2022 | seekingalpha.com

Pintec Technology, Q&K leads financial gainers; AMTD IDEA, Ocwen Financial among major losers

August 3, 2022 | finance.yahoo.com

Zacks Industry Outlook Highlights Walker & Dunlop, Velocity Financial and Ocwen Financial

August 2, 2022 | finance.yahoo.com

3 Stocks to Watch From the Mortgage & Related Services Industry

July 27, 2022 | finance.yahoo.com

What Percentage Of Ocwen Financial Corporation (NYSE:OCN) Shares Do Insiders Own?

July 25, 2022 | benzinga.com

Ocwen Financial Schedules Conference Call – Second Quarter 2022 Results and Business Update

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

Receive OCN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Ocwen Financial and its competitors with MarketBeat's FREE daily newsletter.

OCN Company Calendar

Last Earnings: 11/07/2021
Today: 12/01/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 2/24/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Mortgage bankers & correspondents
Sub-Industry: Thrifts & Mortgage Finance
Sector: Finance
Current Symbol: NYSE:OCN
CUSIP: 67574630
CIK: 873860
Web: www.ocwen.com
Phone: (561) 682-8000
Fax: 561-681-8177
Employees: 5,700
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $50.00
High Stock Price Forecast: $50.00
Low Stock Price Forecast: $50.00
Forecasted Upside/Downside: +48.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $11.09
Trailing P/E Ratio: 3.04
Forward P/E Ratio: 30.95
P/E Growth: N/A
Net Income: $18.08 million
Net Margins: 10.40%
Pretax Margin: 10.00%
Return on Equity: 0.49%
Return on Assets: 0.02%

Debt

Debt-to-Equity Ratio: 16.11
Current Ratio: 18.74
Quick Ratio: 18.74

Sales & Book Value

Annual Sales: $1.05 billion
Price / Sales: 0.24
Cash Flow: $5.01 per share
Price / Cash Flow: 6.74
Book Value: $71.95 per share
Price / Book: 0.47

Miscellaneous

Outstanding Shares: 7,590,000
Free Float: 7,317,000
Market Cap: $256.09 million
Optionable: Optionable
Beta: 1.96

Key Executives

Mr. Glen A. Messina (Age 60)
CEO, Pres & Director
Comp: $2.71M

Mr. Dennis Zeleny (Age 67)
Exec. VP & Chief Admin. Officer
Comp: $1.14M

Mr. Scott William Anderson (Age 53)
Exec. VP & Chief Servicing Officer
Comp: $1.13M

Mr. George T. Henley (Age 54)
Exec. VP & Chief Growth Officer
Comp: $1.12M

Mr. Sean Bradley O'Neil
Exec. VP & CFO

Mr. John V. Britti (Age 62)
Exec. VP & Chief Investment Officer

Mr. Francois Grunenwald (Age 50)
Sr. VP & Chief Accounting Officer

Mr. Michael K. Short
VP of Bus. Devel. and Investor Relations

Mr. Stephen C. Swett
Investors Contact

Mr. Alberino J. Celini (Age 59)
Exec. VP, Chief Risk & Compliance Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

OCN Stock - 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 "buy" OCN shares.
View OCN analyst ratings or view top-rated stocks.
What is Ocwen Financial's stock price forecast for 2023?: 2 Wall Street research analysts have issued 1 year price targets for Ocwen Financial's shares. Their OCN share price forecasts range from $50.00 to $50.00. On average, they anticipate the company's share price to reach $50.00 in the next year. This suggests a possible upside of 48.2% 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 2022?: Ocwen Financial's stock was trading at $39.97 at the start of the year. Since then, OCN shares have decreased by 15.6% and is now trading at $33.74.
View the best growth stocks for 2022 here.
When is Ocwen Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, February 24th 2023.
View our OCN earnings forecast.
How were Ocwen Financial's earnings last quarter?: Ocwen Financial Co. (NYSE:OCN) released its quarterly earnings results on Sunday, November, 7th. The financial services provider reported $2.29 earnings per share for the quarter, topping the consensus estimate of $1.05 by $1.24. The financial services provider had revenue of $283.10 million for the quarter, compared to the consensus estimate of $270.75 million. Ocwen Financial had a trailing twelve-month return on equity of 0.49% and a net margin of 10.40%. During the same period last year, the business earned ($1.09) earnings per share.
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).
What is Ocwen Financial's stock symbol?: Ocwen Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "OCN."
Who are Ocwen Financial's major shareholders?: Ocwen Financial's stock is owned by many different retail and institutional investors. Top institutional shareholders include Deer Park Road Corp (10.94%), Long Focus Capital Management LLC (8.79%), Vanguard Group Inc. (4.43%), Dimensional Fund Advisors LP (3.82%), BlackRock Inc. (1.91%) and Prescott Group Capital Management L.L.C. (1.60%). Insiders that own company stock include Deer Park Road Management Comp, Dennis Zeleny, George T Henley, Glen A Messina, Jacques J Busquet, June C Campbell and Kevin Stein.
View institutional ownership trends.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Ocwen Financial's stock price today?: One share of OCN stock can currently be purchased for approximately $33.74.
How much money does Ocwen Financial make?: Ocwen Financial (NYSE:OCN) has a market capitalization of $256.09 million and generates $1.05 billion in revenue each year. The financial services provider earns $18.08 million in net income (profit) each year or $11.09 on an earnings per share basis.
How many employees does Ocwen Financial have?: The company employs 5,700 workers across the globe.
How can I contact Ocwen Financial?: Ocwen Financial's mailing address is 1661 WORTHINGTON ROAD SUITE 100, WEST PALM BEACH FL, 33409. The official website for the company is www.ocwen.com. The financial services provider can be reached via phone at (561) 682-8000, via email at investorservices@ocwen.com, or via fax at 561-681-8177.

This page (NYSE:OCN) was last updated on 12/1/2022 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial