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DOW   36,124.56
QQQ   387.29
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Trading Experts Call It “The Perfect Tesla Trade” (Ad)
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Ocwen Financial Stock Price, News & Analysis (NYSE:OCN)

$27.44
+0.23 (+0.85%)
(As of 12/5/2023 ET)
Compare
Today's Range
$26.75
$27.75
50-Day Range
$21.37
$27.44
52-Week Range
$21.15
$36.97
Volume
21,002 shs
Average Volume
31,152 shs
Market Capitalization
$210.74 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$30.00

Ocwen Financial MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
9.3% Upside
$30.00 Price Target
Short Interest
Healthy
2.14% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
4.14%
From $6.28 to $6.54 Per Share

Overall MarketRank

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

1.44 out of 5 stars

Finance Sector

629th out of 772 stocks

Mortgage Bankers & Correspondents Industry

3rd out of 6 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. 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. 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

OCN Stock News Headlines

Ocwen Financial (NYSE:OCN) Upgraded to "Hold" at StockNews.com
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Q3 2023 Ocwen Financial Corp Earnings Call
Ocwen Financial Announces Third Quarter 2023 Results
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Ocwen Financial Q3 2023 Earnings Preview
What Makes Ocwen (OCN) a New Buy Stock
Ocwen Financial Announces Second Quarter 2023 Results
OCN - Ocwen Financial Corporation
Jefferies Keeps Their Buy Rating on Ocwen Financial (OCN)
See More Headlines
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Company Calendar

Last Earnings
11/07/2023
Today
12/06/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/27/2024

Industry, Sector and Symbol

Industry
Mortgage bankers & correspondents
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
CUSIP
67574630
Employees
4,900
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$30.00
High Stock Price Target
$30.00
Low Stock Price Target
$30.00
Potential Upside/Downside
+9.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$25.70 million
Pretax Margin
-8.79%

Debt

Sales & Book Value

Annual Sales
$953.90 million
Book Value
$60.17 per share

Miscellaneous

Free Float
7,232,000
Market Cap
$210.74 million
Optionable
Optionable
Beta
2.08
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Key Executives

  • Mr. Glen A. Messina (Age 61)
    CEO, President & Chair of the Board
    Comp: $1.8M
  • Mr. Sean Bradley O'Neil (Age 57)
    Executive VP & CFO
    Comp: $689.16k
  • Mr. Dennis Zeleny (Age 68)
    Executive VP & Chief Administrative Officer
    Comp: $1.05M
  • Mr. Scott William Anderson (Age 54)
    Executive VP & Chief Servicing Officer
    Comp: $1.15M
  • Mr. George T. Henley (Age 54)
    Executive VP & Chief Growth Officer
    Comp: $737.79k
  • Mr. Aaron D. Wade (Age 51)
    Executive VP & Chief Investment Officer
  • Mr. Francois Grunenwald (Age 51)
    Senior VP & Chief Accounting Officer
  • Mr. Joseph J. Samarias (Age 51)
    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














OCN Stock Analysis - Frequently Asked Questions

Should I buy or sell Ocwen Financial stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ocwen Financial in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" OCN shares.
View OCN analyst ratings
or view top-rated stocks.

What is Ocwen Financial's stock price target for 2024?

1 Wall Street research analysts have issued twelve-month target prices for Ocwen Financial's stock. Their OCN share price targets range from $30.00 to $30.00. On average, they anticipate the company's stock price to reach $30.00 in the next year. This suggests a possible upside of 9.3% 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 2023?

Ocwen Financial's stock was trading at $30.58 on January 1st, 2023. Since then, OCN shares have decreased by 10.3% and is now trading at $27.44.
View the best growth stocks for 2023 here
.

When is Ocwen Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our OCN earnings forecast
.

How were Ocwen Financial's earnings last quarter?

Ocwen Financial Co. (NYSE:OCN) posted its quarterly earnings results on Tuesday, November, 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.10. Ocwen Financial had a positive trailing twelve-month return on equity of 0.19% and a negative net margin of 9.22%.

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 closing bell 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).

Who are Ocwen Financial's major shareholders?

Ocwen Financial's stock is owned by a number of retail and institutional investors. Top institutional investors include Oaktree Capital Management LP (5.87%), Prescott Group Capital Management L.L.C. (2.36%), Northern Trust Corp (0.65%), Jacobs Levy Equity Management Inc. (0.62%), Bank of New York Mellon Corp (0.56%) and Invesco Ltd. (0.53%). Insiders that own company stock include Dennis Zeleny, George T Henley, Glen A Messina and Jacques J Busquet.
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.

This page (NYSE:OCN) was last updated on 12/6/2023 by MarketBeat.com Staff

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