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NYSE:OCN

Ocwen Financial (OCN) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
N/A
50-Day Range
$22.74
$27.45
52-Week Range
N/A
Volume
10,200 shs
Average Volume
12,993 shs
Market Capitalization
$195.88 million
P/E Ratio
47.32
Dividend Yield
N/A
Price Target
$41.00

Ocwen Financial MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
∞ Upside
$41.00 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
21.00%
From $6.00 to $7.26 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.

2.89 out of 5 stars

Finance Sector

500th out of 898 stocks

Mortgage Bankers & Correspondents Industry

4th out of 8 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 News Headlines

Kiss of death from Joe Biden
I did not consent. You did not consent. It’s in direct violation of the U.S. Constitution but they do not care.
Kiss of death from Joe Biden
I did not consent. You did not consent. It’s in direct violation of the U.S. Constitution but they do not care.
Q1 2024 Ocwen Financial Corp Earnings Call
Ocwen Financial Q1 2024 Earnings Preview
Coral Gables company chairman dies, successor named
See More Headlines
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Company Calendar

Last Earnings
5/02/2024
Today
7/26/2024
Next Earnings (Estimated)
8/01/2024
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
$41.00
High Stock Price Target
$50.00
Low Stock Price Target
$32.00
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-63,700,000.00
Pretax Margin
1.15%

Debt

Sales & Book Value

Annual Sales
$1.07 billion
Book Value
$52.34 per share

Miscellaneous

Free Float
7,216,000
Market Cap
$195.88 million
Optionable
Optionable
Beta
1.93
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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

How were Ocwen Financial's earnings last quarter?

Ocwen Financial Co. (NYSE:OCN) announced its earnings results on Thursday, May, 2nd. The financial services provider reported $1.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.53. The financial services provider earned $239.10 million during the quarter, compared to analysts' expectations of $265.41 million. Ocwen Financial had a net margin of 0.63% and a trailing twelve-month return on equity of 13.66%.

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 other companies that Ocwen Financial investors own include (GTATQ) (GTATQ), (MBBYF) (MBBYF), GoPro (GPRO), Coty (COTY), Pandora Media (P), Ford Motor (F) and Groupon (GRPN).

This page (NYSE:OCN) was last updated on 7/27/2024 by MarketBeat.com Staff

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