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NYSE:OCN

Ocwen Financial Stock Forecast, Price & News

$27.61
-0.97 (-3.39 %)
(As of 09/28/2021 02:08 PM ET)
Add
Compare
Today's Range
$27.61
$28.16
50-Day Range
$25.04
$29.22
52-Week Range
$20.61
$35.08
Volume4 shs
Average Volume66,843 shs
Market Capitalization$253.71 million
P/E RatioN/A
Dividend YieldN/A
Beta1.91
30 days | 90 days | 365 days | Advanced Chart
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Ocwen Financial logo

About Ocwen Financial

Ocwen Financial Corp. is a financial services holding company, which through its subsidiaries engages in the servicing and origination of mortgage loans. It operates through the following business segments: Servicing, Lending, and Corporate Items and Other. The Servicing segment engages in residential servicing business, which offers residential and commercial mortgage loan servicing, special servicing and asset management services. The Lending segment involves in the originating and purchasing conventional and government-insured residential forward and reverse mortgage loans mainly through correspondent lending arrangements, broker relationships and directly with mortgage customers. The Corporate Items and Other segment include revenues and expenses that are not directly related to other reportable segment. The company was founded in February 1988 and is headquartered in West Palm Beach, FL.

Headlines

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Industry, Sector and Symbol

Industry
Mortgage bankers & correspondents
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
CUSIP
67574630
Employees
5,000
Year Founded
N/A

Sales & Book Value

Annual Sales
$960.91 million
Book Value
$47.83 per share

Profitability

Net Income
$-40,180,000.00

Debt

Price-To-Earnings

Miscellaneous

Market Cap
$253.71 million
Next Earnings Date
11/2/2021 (Estimated)
Optionable
Optionable

MarketRank

Overall MarketRank

2.19 out of 5 stars

Finance Sector

476th out of 1,332 stocks

Mortgage Bankers & Correspondents Industry

6th out of 7 stocks

Analyst Opinion: 3.5Community Rank: 4.1Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -












Ocwen Financial (NYSE:OCN) Frequently Asked Questions

Is Ocwen Financial a buy right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ocwen Financial in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Ocwen Financial stock.
View analyst ratings for Ocwen Financial
or view top-rated stocks.

What stocks does MarketBeat like better than Ocwen Financial?

Wall Street analysts have given Ocwen Financial a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Ocwen Financial wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Ocwen Financial's next earnings date?

Ocwen Financial is scheduled to release its next quarterly earnings announcement on Tuesday, November 2nd 2021.
View our earnings forecast for Ocwen Financial
.

How were Ocwen Financial's earnings last quarter?

Ocwen Financial Co. (NYSE:OCN) released its earnings results on Wednesday, August, 4th. The financial services provider reported ($0.01) EPS for the quarter, topping the Zacks' consensus estimate of ($0.02) by $0.01. The financial services provider had revenue of $265.45 million for the quarter, compared to analysts' expectations of $305.08 million. Ocwen Financial had a negative trailing twelve-month return on equity of 1.88% and a negative net margin of 1.93%.
View Ocwen Financial's earnings history
.

How has Ocwen Financial's stock price been impacted by Coronavirus?

Ocwen Financial's stock was trading at $15.60 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, OCN stock has increased by 77.0% and is now trading at $27.61.
View which stocks have been most impacted by COVID-19
.

When did Ocwen Financial's stock split? How did Ocwen Financial's stock split work?

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 market closes on Thursday, August 13th 2020. An investor that had 100 shares of Ocwen Financial stock prior to the reverse split would have 7 shares after the split.

What price target have analysts set for OCN?

2 analysts have issued 1-year target prices for Ocwen Financial's stock. Their forecasts range from $36.00 to $50.00. On average, they expect Ocwen Financial's stock price to reach $43.00 in the next year. This suggests a possible upside of 55.7% from the stock's current price.
View analysts' price targets for Ocwen Financial
or view top-rated stocks among Wall Street analysts.

Who are Ocwen Financial's key executives?

Ocwen Financial's management team includes the following people:
  • Glen A. Messina, President, Chief Executive Officer & Director
  • June C. Campbell, Chief Financial Officer & Executive Vice President
  • Albert J. Celini, Chief Risk & Compliance Officer, Executive VP
  • Scott W. Anderson, Chief Servicing Officer & Executive Vice President
  • John V. Britti, Chief Investment Officer & Executive VP

What is Glen Messina's approval rating as Ocwen Financial's CEO?

150 employees have rated Ocwen Financial CEO Glen Messina on Glassdoor.com. Glen Messina has an approval rating of 77% among Ocwen Financial'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).

What is Ocwen Financial's stock symbol?

Ocwen Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "OCN."

Who are Ocwen Financial's major shareholders?

Ocwen Financial's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Oaktree Capital Management LP (6.50%), BlackRock Inc. (6.10%), Vanguard Group Inc. (3.92%), Prescott Group Capital Management L.L.C. (2.72%), TCW Group Inc. (2.18%) and Dimensional Fund Advisors LP (1.78%). Company insiders that own Ocwen Financial stock include Deer Park Road Management Comp, Glen A Messina, Jacques J Busquet, June C Campbell and Kevin Stein.
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 HAP Trading LLC, Voss Capital LLC, SG3 Management LLC, Wolverine Trading LLC, Susquehanna International Group LLP, PEAK6 Investments LLC, Deutsche Bank AG, and Price T Rowe Associates Inc. MD.
View insider buying and selling activity for Ocwen Financial
or view top insider-selling stocks.

Which major investors are buying Ocwen Financial stock?

OCN stock was acquired by a variety of institutional investors in the last quarter, including Oaktree Capital Management LP, BlackRock Inc., State Street Corp, Prescott Group Capital Management L.L.C., Geode Capital Management LLC, Vanguard Group Inc., Northern Trust Corp, and Nuveen Asset Management LLC. Company insiders that have bought Ocwen Financial stock in the last two years include Glen A Messina, Jacques J Busquet, June C Campbell, and Kevin Stein.
View insider buying and selling activity for Ocwen Financial
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ocwen Financial's stock price today?

One share of OCN stock can currently be purchased for approximately $27.61.

How much money does Ocwen Financial make?

Ocwen Financial has a market capitalization of $253.71 million and generates $960.91 million in revenue each year. The financial services provider earns $-40,180,000.00 in net income (profit) each year or ($4.59) on an earnings per share basis.

How many employees does Ocwen Financial have?

Ocwen Financial employs 5,000 workers across the globe.

What is Ocwen Financial's official website?

The official website for Ocwen Financial is www.ocwen.com.

Where are Ocwen Financial's headquarters?

Ocwen Financial is headquartered at 1661 WORTHINGTON ROAD SUITE 100, WEST PALM BEACH FL, 33409.

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].


This page was last updated on 9/28/2021 by MarketBeat.com Staff

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