Ocwen Financial Corporation, a financial services holding company, originates and services loans in the United States, the United States Virgin Islands, India, and Philippines. Its Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset management services to owners of mortgage loans and foreclosed real estate. This segment's residential servicing portfolio includes conventional, government insured, and non-agency loans. The company's Lending segment originates and purchases conventional and government-insured residential forward and reverse mortgage loans primarily through its correspondent lending arrangements, broker relationships, and directly with mortgage customers. The company also provides short-term inventory-secured loans to independent used car dealers to finance their inventory. Ocwen Financial Corporation was founded in 1988 and is headquartered in West Palm Beach, Florida.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Mortgage bankers & correspondents
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Current SymbolNYSE:OCN
Previous Symbol
CUSIP67574630
Phone561-682-8000
Debt
Debt-to-Equity Ratio11.76
Current Ratio8.31
Quick Ratio8.31
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.19 billion
Price / Sales0.26
Cash FlowN/A
Price / CashN/A
Book Value$4.10 per share
Price / Book0.56
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$-127,960,000.00
Net Margins-10.97%
Return on Equity-13.76%
Return on Assets-0.95%
Miscellaneous
Employees7,600
Outstanding Shares133,910,000
Market Cap$326.75 million
OptionableOptionable
Ocwen Financial (NYSE:OCN) Frequently Asked Questions
What is Ocwen Financial's stock symbol?
Ocwen Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "OCN."
How were Ocwen Financial's earnings last quarter?
Ocwen Financial Corp (NYSE:OCN) released its quarterly earnings data on Tuesday, November, 6th. The financial services provider reported ($0.31) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.16) by $0.15. The financial services provider had revenue of $238.30 million for the quarter, compared to the consensus estimate of $241 million. Ocwen Financial had a negative net margin of 10.97% and a negative return on equity of 13.76%. Ocwen Financial's revenue for the quarter was down 16.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.05) EPS. View Ocwen Financial's Earnings History.
When is Ocwen Financial's next earnings date?
What price target have analysts set for OCN?
1 Wall Street analysts have issued twelve-month price targets for Ocwen Financial's stock. Their forecasts range from $4.00 to $4.00. On average, they anticipate Ocwen Financial's share price to reach $4.00 in the next year. This suggests a possible upside of 74.7% from the stock's current price. View Analyst Price Targets for Ocwen Financial.
What is the consensus analysts' recommendation for Ocwen Financial?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ocwen Financial in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Ocwen Financial.
Has Ocwen Financial been receiving favorable news coverage?
News articles about OCN stock have trended somewhat negative this week, InfoTrie Sentiment reports. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ocwen Financial earned a media sentiment score of -1.0 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the company's share price in the next few days.
Who are some of Ocwen Financial's key competitors?
Some companies that are related to Ocwen Financial include PIMCO Corporate&Income Opportunity Fund (PTY), TPG RE Finance Trust (TRTX), Kinsale Capital Group (KNSL), Tortoise Energy Infrastructure (TYG), Sandy Spring Bancorp (SASR), McGrath RentCorp (MGRC), Cannae (CNNE), Seacoast Banking Co. of Florida (SBCF), Hannon Armstrong Sustnbl Infrstr Cap (HASI), Kearny Financial (KRNY), United Fire Group (UFCS), Heritage Financial (HFWA), PennyMac Mortgage Investment Trust (PMT), Amerisafe (AMSF) and 1st Source (SRCE).
Who are Ocwen Financial's key executives?
Ocwen Financial's management team includes the folowing people:
- Mr. John V. Britti, Exec. VP & Chief Investment Officer (Age 58)
- Mr. Scott William Anderson, Exec. VP & Chief Servicing Officer (Age 49)
- Mr. Arthur C. Walker Jr., Sr. VP, Global Tax (Age 47)
- Mr. Glen A. Messina, CEO, Pres & Director (Age 56)
- Ms. Catherine M. Dondzila, Sr. VP, Chief Accounting Officer & Principal Financial Officer (Age 55)
Who are Ocwen Financial's major shareholders?
Ocwen Financial's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.16%), Dimensional Fund Advisors LP (2.46%), Man Group plc (1.54%), Renaissance Technologies LLC (1.47%), CQS Cayman LP (1.23%) and Bridgeway Capital Management Inc. (1.14%). Company insiders that own Ocwen Financial stock include Glenn Holmes, John Devaney, Leon G Cooperman and Michael T Anaka. View Institutional Ownership Trends for Ocwen Financial.
Which major investors are selling Ocwen Financial stock?
OCN stock was sold by a variety of institutional investors in the last quarter, including Akanthos Capital Management LLC, Renaissance Technologies LLC, Morgan Stanley, BlackRock Inc., SG Americas Securities LLC, Corrado Advisors LLC and Corsair Capital Management L.P.. View Insider Buying and Selling for Ocwen Financial.
Which major investors are buying Ocwen Financial stock?
OCN stock was acquired by a variety of institutional investors in the last quarter, including Man Group plc, Bridgeway Capital Management Inc., Dimensional Fund Advisors LP, First Trust Advisors LP, Jane Street Group LLC, CQS Cayman LP, PNC Financial Services Group Inc. and PEAK6 Investments LLC. Company insiders that have bought Ocwen Financial stock in the last two years include Glenn Holmes, John Devaney, Leon G Cooperman and Michael T Anaka. View Insider Buying and Selling for Ocwen Financial.
How do I buy shares of Ocwen Financial?
Shares of OCN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ocwen Financial's stock price today?
One share of OCN stock can currently be purchased for approximately $2.29.
How big of a company is Ocwen Financial?
Ocwen Financial has a market capitalization of $326.75 million and generates $1.19 billion in revenue each year. Ocwen Financial employs 7,600 workers across the globe.
What is Ocwen Financial's official website?
How can I contact Ocwen Financial?
Ocwen Financial's mailing address is 1661 WORTHINGTON ROAD SUITE 100, WEST PALM BEACH FL, 33409. The financial services provider can be reached via phone at 561-682-8000 or via email at [email protected]
MarketBeat Community Rating for Ocwen Financial (NYSE OCN)
MarketBeat's community ratings are surveys of what our community members think about Ocwen Financial and other stocks. Vote "Outperform" if you believe OCN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OCN will underperform the S&P 500 over the long term. You may vote once every thirty days.
