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NYSE:OCN

Ocwen Financial - OCN Stock Forecast, Price & News

$29.46
+0.39 (+1.34%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$28.96
$29.46
50-Day Range
$22.93
$35.21
52-Week Range
$17.76
$41.92
Volume
48,284 shs
Average Volume
82,990 shs
Market Capitalization
$256.27 million
P/E Ratio
3.20
Dividend Yield
N/A
Price Target
$50.00

Ocwen Financial MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
69.7% Upside
$50.00 Price Target
Short Interest
Healthy
1.35% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.00mentions of Ocwen Financial in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$162,727 Bought Last Quarter
Proj. Earnings Growth
-42.15%
From $7.26 to $4.20 Per Share

Overall MarketRank

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

2.40 out of 5 stars

Finance Sector

305th out of 918 stocks

Mortgage Bankers & Correspondents Industry

3rd out of 7 stocks

OCN stock logo

About Ocwen Financial (NYSE:OCN) Stock

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. Ocwen Financial Corporation serves primarily under the PHH Mortgage and Liberty Reverse Mortgage brands. The company was founded in 1988 and is headquartered in West Palm Beach, Florida.

Ocwen Financial Stock Performance

Shares of NYSE:OCN traded up $0.26 on Friday, reaching $29.07. 66,642 shares of the company's stock were exchanged, compared to its average volume of 101,339. The company has a fifty day moving average of $28.79 and a 200-day moving average of $27.34. Ocwen Financial has a twelve month low of $17.76 and a twelve month high of $41.92. The company has a market capitalization of $252.91 million, a price-to-earnings ratio of 3.16 and a beta of 1.87. The company has a current ratio of 17.97, a quick ratio of 17.97 and a debt-to-equity ratio of 15.93.

Analyst Upgrades and Downgrades

Separately, BTIG Research started coverage on shares of Ocwen Financial in a research note on Wednesday, April 20th. They issued a "neutral" rating on the stock.

Insiders Place Their Bets

In other Ocwen Financial news, EVP George T. Henley bought 1,980 shares of the firm's stock in a transaction on Wednesday, May 25th. The shares were purchased at an average price of $25.28 per share, for a total transaction of $50,054.40. Following the transaction, the executive vice president now directly owns 3,666 shares in the company, valued at approximately $92,676.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP George T. Henley acquired 1,980 shares of the firm's stock in a transaction that occurred on Wednesday, May 25th. The shares were acquired at an average cost of $25.28 per share, with a total value of $50,054.40. Following the completion of the purchase, the executive vice president now directly owns 3,666 shares of the company's stock, valued at approximately $92,676.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jacques J. Busquet acquired 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 1st. The stock was purchased at an average cost of $28.60 per share, for a total transaction of $28,600.00. Following the completion of the purchase, the director now directly owns 35,794 shares of the company's stock, valued at $1,023,708.40. The disclosure for this purchase can be found here. Insiders have acquired a total of 6,200 shares of company stock worth $162,727 in the last quarter. Corporate insiders own 3.60% of the company's stock.

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OCN Stock News Headlines

Ocwen: Q2 Earnings Snapshot
EQOS, OCN, XIN among top financial movers
Ocwen authorizes $50M share repurchase program
Ocwen Financial names Sean O'Neil as CFO
Ocwen: Q1 Earnings Snapshot
Ocwen Financial GAAP EPS of $6.30
Ocwen Financial Q1 2022 Earnings Preview
See More Headlines
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OCN Company Calendar

Last Earnings
11/07/2021
Today
8/12/2022
Next Earnings (Estimated)
11/14/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Mortgage bankers & correspondents
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
CUSIP
67574630
Employees
5,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$50.00
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$50.00
Forecasted Upside/Downside
+69.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$18.08 million
Pretax Margin
7.47%

Debt

Sales & Book Value

Annual Sales
$1.05 billion
Cash Flow
$5.16 per share
Book Value
$62.53 per share

Miscellaneous

Free Float
8,386,000
Market Cap
$256.27 million
Optionable
Optionable
Beta
1.87

Key Executives

  • Mr. Glen A. Messina (Age 60)
    CEO, Pres & Director
    Comp: $2.71M
  • Mr. Dennis Zeleny (Age 67)
    Exec. VP & Chief Admin. Officer
    Comp: $1.14M
  • Mr. Scott William Anderson (Age 53)
    Exec. VP & Chief Servicing Officer
    Comp: $1.13M
  • Mr. George T. Henley (Age 54)
    Exec. VP & Chief Growth Officer
    Comp: $1.12M
  • Mr. Sean Bradley O'Neil
    Exec. VP & CFO
  • Mr. John V. Britti (Age 62)
    Exec. VP & Chief Investment Officer
  • Mr. Francois Grunenwald (Age 50)
    Sr. VP & Chief Accounting Officer
  • Mr. Michael K. Short
    VP of Bus. Devel. and Investor Relations
  • Mr. Stephen C. Swett
    Investors Contact
  • Mr. Alberino J. Celini (Age 59)
    Exec. VP, Chief Risk & Compliance Officer













OCN Stock - Frequently Asked Questions

Should I buy or sell Ocwen Financial stock right now?

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

What is Ocwen Financial's stock price forecast for 2022?

2 equities research analysts have issued twelve-month price objectives for Ocwen Financial's stock. Their OCN share price forecasts range from $50.00 to $50.00. On average, they predict the company's stock price to reach $50.00 in the next year. This suggests a possible upside of 69.7% 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 2022?

Ocwen Financial's stock was trading at $39.97 at the start of the year. Since then, OCN stock has decreased by 26.3% and is now trading at $29.46.
View the best growth stocks for 2022 here
.

Are investors shorting Ocwen Financial?

Ocwen Financial saw a decline in short interest during the month of June. As of June 30th, there was short interest totaling 176,500 shares, a decline of 58.9% from the June 15th total of 429,200 shares. Based on an average daily trading volume, of 115,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 2.1% of the shares of the company are sold short.
View Ocwen Financial's Short Interest
.

When is Ocwen Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our OCN earnings forecast
.

How were Ocwen Financial's earnings last quarter?

Ocwen Financial Co. (NYSE:OCN) issued its earnings results on Sunday, November, 7th. The financial services provider reported $2.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $1.24. The financial services provider had revenue of $283.10 million for the quarter, compared to analysts' expectations of $270.75 million. Ocwen Financial had a net margin of 8.57% and a trailing twelve-month return on equity of 5.74%. During the same quarter in the prior year, the company earned ($1.09) earnings per share.

When did Ocwen Financial's stock split?

Shares of Ocwen Financial reverse split 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).

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 many different institutional and retail investors. Top institutional investors include TCW Group Inc. (1.61%), Monaco Asset Management SAM (1.50%), Prescott Group Capital Management L.L.C. (1.20%), Deutsche Bank AG (0.57%), Healthcare of Ontario Pension Plan Trust Fund (0.48%) and Trexquant Investment LP (0.17%). Insiders that own company stock include Deer Park Road Management Comp, Dennis Zeleny, George T Henley, Glen A Messina, Jacques J Busquet, Jenne K Britell, June C Campbell, Kevin Stein and Robert J Lipstein.
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.

What is Ocwen Financial's stock price today?

One share of OCN stock can currently be purchased for approximately $29.46.

How much money does Ocwen Financial make?

Ocwen Financial (NYSE:OCN) has a market capitalization of $256.30 million and generates $1.05 billion in revenue each year. The financial services provider earns $18.08 million in net income (profit) each year or $9.21 on an earnings per share basis.

How many employees does Ocwen Financial have?

The company employs 5,700 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 official website for the company is www.ocwen.com. The financial services provider can be reached via phone at (561) 682-8000, via email at investorservices@ocwen.com, or via fax at 561-681-8177.

This page (NYSE:OCN) was last updated on 8/12/2022 by MarketBeat.com Staff

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