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
SymbolNYSE:OCN
CUSIP67574630
Phone561-682-8000
Debt
Debt-to-Equity Ratio10.77
Current Ratio7.67
Quick Ratio7.67
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 / Sales0.45
Cash FlowN/A
Price / CashN/A
Book Value$4.10 per share
Price / Book0.97
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$-127,960,000.00
Net Margins-7.26%
Return on Equity-11.62%
Return on Assets-0.82%
Miscellaneous
Employees7,600
Outstanding Shares133,910,000
Market Cap$535.65 million
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) announced its quarterly earnings data on Thursday, July, 26th. The financial services provider reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.09) by $0.13. The financial services provider had revenue of $253.58 million for the quarter, compared to analyst estimates of $256 million. Ocwen Financial had a negative net margin of 7.26% and a negative return on equity of 11.62%. The firm's revenue for the quarter was down 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.36) earnings per share. View Ocwen Financial's Earnings History.
When is Ocwen Financial's next earnings date?
Who are some of Ocwen Financial's key competitors?
Some companies that are related to Ocwen Financial include MGM Growth Properties (MGP), Tanger Factory Outlet Centers (SKT), Premier Financial Bancorp (PFBI), 3i Infrastructure (3IN), Retail Opportunity Investments (ROIC), Heartland Financial USA (HTLF), Navigators Group (NAVG), Banner (BANR), Independent Bank Group (IBTX), Chesapeake Lodging Trust (CHSP), FBL Financial Group (FFG), BancFirst (BANF), Argo Group (AGII), Yangtze River Port and Logistics (YRIV) and Tritax Big Box REIT (BBOX).
Who are Ocwen Financial's key executives?
Ocwen Financial's management team includes the folowing people:
- Mr. John V. Britti, CEO, 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)
- Ms. Catherine M. Dondzila, Sr. VP, Chief Accounting Officer & Principal Financial Officer (Age 55)
- Mr. Michael K. Short, VP of Bus. Devel. and Investor Relations
Has Ocwen Financial been receiving favorable news coverage?
Headlines about OCN stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ocwen Financial earned a media and rumor sentiment score of 0.18 on Accern's scale. They also assigned media coverage about the financial services provider an impact score of 46.57 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days. View Recent Headlines for Ocwen Financial.
Who are Ocwen Financial's major shareholders?
Ocwen Financial's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.21%), Northern Trust Corp (1.74%), Renaissance Technologies LLC (1.60%), Schwab Charles Investment Management Inc. (1.32%), Akanthos Capital Management LLC (0.80%) and Bank of New York Mellon Corp (0.38%). 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, California Public Employees Retirement System, Connor Clark & Lunn Investment Management Ltd., Engineers Gate Manager LP, Saba Capital Management L.P. and Berson & Corrado Investment Advisors LLC. 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 BlackRock Inc., Renaissance Technologies LLC, Prescott Group Capital Management L.L.C., Systematic Financial Management LP, Millennium Management LLC, GSA Capital Partners LLP, Schwab Charles Investment Management Inc. and Northern Trust Corp. 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 $3.99.
How big of a company is Ocwen Financial?
Ocwen Financial has a market capitalization of $535.65 million and generates $1.19 billion in revenue each year. Ocwen Financial employs 7,600 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 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.
