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 .

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

1.5

Analyst's Opinion

Consensus Rating
Ocwen Financial has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $30.00, Ocwen Financial has a forecasted upside of 9.3% from its current price of $27.44.
Amount of Analyst Coverage
Ocwen Financial has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.14% 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 5.8.
Change versus previous month
Short interest in Ocwen Financial has recently decreased by 10.94%, 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.

1.1

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Ocwen Financial this week, compared to 1 article on an average week.
Search Interest
2 people have searched for OCN on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
1 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 5.80% of the stock of Ocwen Financial is held by insiders.
Percentage Held by Institutions
54.91% of the stock of Ocwen Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Ocwen Financial are expected to grow by 4.14% in the coming year, from $6.28 to $6.54 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ocwen Financial is -2.53, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ocwen Financial is -2.53, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Ocwen Financial has a P/B Ratio of 0.46. 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 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

30 days | 90 days | 365 days | Advanced Chart

OCN Stock News Headlines

December 3, 2023 | americanbankingnews.com

Ocwen Financial (NYSE:OCN) Upgraded to "Hold" at StockNews.com

November 21, 2023 | markets.businessinsider.com

Hold Rating for Ocwen Financial Amid High Earnings Volatility and Strategic Debt Buybacks: An Analysis by Eric Hagen from BTIG

December 6, 2023 | DTI Trader (Ad)

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November 13, 2023 | finance.yahoo.com

PHH Mortgage Announces New Subservicing Agreement With Zillow Home Loans

November 8, 2023 | finance.yahoo.com

Q3 2023 Ocwen Financial Corp Earnings Call

November 7, 2023 | finanznachrichten.de

Ocwen Financial Corp.: Ocwen Financial Announces Third Quarter 2023 Results

November 7, 2023 | msn.com

Ocwen FinancialEPS of $1.05, revenue of $255.5M misses by $10.51M

November 7, 2023 | finance.yahoo.com

Ocwen Financial Announces Third Quarter 2023 Results

December 6, 2023 | DTI Trader (Ad)

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.

November 7, 2023 | finance.yahoo.com

Ocwen Financial Corp (OCN) Reports Q3 2023 Earnings, Net Income of $8 Million

November 6, 2023 | msn.com

Ocwen Financial Q3 2023 Earnings Preview

October 6, 2023 | finance.yahoo.com

What Makes Ocwen (OCN) a New Buy Stock

September 25, 2023 | finance.yahoo.com

Liberty Reverse Mortgage Wins National Association Of Mortgage Brokers 2023 Affiliate Of The Year Award

August 5, 2023 | finance.yahoo.com

Ocwen Financial Corporation (NYSE:OCN) Q2 2023 Earnings Call Transcript

August 3, 2023 | finance.yahoo.com

Ocwen Financial (OCN) Tops Q2 Earnings and Revenue Estimates (Revised)

August 3, 2023 | finance.yahoo.com

Ocwen Financial (OCN) Reports Q2 Loss, Tops Revenue Estimates

August 3, 2023 | finanznachrichten.de

Ocwen Financial Corp.: Ocwen Financial Announces Second Quarter 2023 Results

August 3, 2023 | finance.yahoo.com

Ocwen Financial Announces Second Quarter 2023 Results

July 27, 2023 | finance.yahoo.com

Investing in Ocwen Financial (NYSE:OCN) three years ago would have delivered you a 93% gain

June 29, 2023 | finance.yahoo.com

Ocwen Financial Corporation (NYSE:OCN) has caught the attention of institutional investors who hold a sizeable 45% stake

June 24, 2023 | finance.yahoo.com

OCN - Ocwen Financial Corporation

June 14, 2023 | markets.businessinsider.com

Jefferies Keeps Their Buy Rating on Ocwen Financial (OCN)

June 2, 2023 | finance.yahoo.com

One Ocwen Financial Insider Raised Stake By 69% In Previous Year

June 2, 2023 | finance.yahoo.com

One Ocwen Financial Insider Raised Stake By 69% In Previous Year \

May 6, 2023 | finance.yahoo.com

Analysts Have Made A Financial Statement On Ocwen Financial Corporation's (NYSE:OCN) First-Quarter Report

May 4, 2023 | finance.yahoo.com

Ocwen Financial Announces First Quarter 2023 Results

May 3, 2023 | benzinga.com

Ocwen Financial Stock (NYSE:OCN), Dividends

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

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: 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

EPS (Most Recent Fiscal Year): ($10.83)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 4.37
P/E Growth: N/A
Net Income: $25.70 million
Net Margins: -9.22%
Pretax Margin: -8.79%
Return on Equity: 0.19%
Return on Assets: 0.01%

Debt

Debt-to-Equity Ratio: 21.54
Current Ratio: 22.74
Quick Ratio: 22.74

Sales & Book Value

Annual Sales: $953.90 million
Price / Sales: 0.22
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $60.17 per share
Price / Book: 0.46

Miscellaneous

Outstanding Shares: 7,680,000
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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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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Ocwen Financial Stock Price, News & Analysis (NYSE:OCN)

Ocwen Financial MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Ocwen Financial Stock (NYSE:OCN)

OCN Stock Price History

OCN Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

OCN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™