NYSE:OCN

Ocwen Financial Stock Forecast, Price & News

$25.84
+0.73 (+2.91 %)
(As of 07/28/2021 12:00 AM ET)
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Today's Range
$25.20
$26.19
50-Day Range
$24.52
$34.71
52-Week Range
$17.17
$35.08
Volume36,439 shs
Average Volume74,676 shs
Market Capitalization$225.01 million
P/E RatioN/A
Dividend YieldN/A
Beta1.85
30 days | 90 days | 365 days | Advanced Chart
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Ocwen Financial logo

About Ocwen Financial

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.

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Sales & Book Value

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Debt

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MarketRank

Overall MarketRank

2.15 out of 5 stars

Finance Sector

360th out of 2,033 stocks

Mortgage Bankers & Correspondents Industry

7th out of 12 stocks

Analyst Opinion: 3.5Community Rank: 3.1Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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Ocwen Financial (NYSE:OCN) Frequently Asked Questions

Is Ocwen Financial a buy 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" 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.

Are investors shorting Ocwen Financial?

Ocwen Financial saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 282,400 shares, an increase of 176.6% from the June 15th total of 102,100 shares. Based on an average daily trading volume, of 87,900 shares, the days-to-cover ratio is presently 3.2 days. Currently, 3.8% of the company's shares are sold short.
View Ocwen Financial's Short Interest
.

When is Ocwen Financial's next earnings date?

Ocwen Financial is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for Ocwen Financial
.

How were Ocwen Financial's earnings last quarter?

Ocwen Financial Co. (NYSE:OCN) announced its quarterly earnings data on Tuesday, May, 4th. The financial services provider reported $0.96 EPS for the quarter. The financial services provider had revenue of $207.59 million for the quarter. Ocwen Financial had a negative net margin of 0.67% and a negative trailing twelve-month return on equity of 1.43%.
View Ocwen Financial's earnings history
.

How has Ocwen Financial's stock been impacted by COVID-19 (Coronavirus)?

Ocwen Financial's stock was trading at $15.60 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, OCN stock has increased by 65.6% and is now trading at $25.84.
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's stock 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 closing bell 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?

1 equities research analysts have issued twelve-month price targets for Ocwen Financial's stock. Their forecasts range from $36.00 to $36.00. On average, they expect Ocwen Financial's stock price to reach $36.00 in the next year. This suggests a possible upside of 39.3% 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:
  • Mr. Glen A. Messina, CEO, Pres & Director (Age 59, Pay $3.27M)
  • Ms. June C. Campbell, Exec. VP & CFO (Age 63, Pay $1.32M)
  • Mr. John V. Britti, Exec. VP & Chief Investment Officer (Age 61, Pay $1.16M)
  • Mr. Dennis Zeleny, Exec. VP & Chief Admin. Officer (Age 66, Pay $1.08M)
  • Mr. Scott William Anderson, Exec. VP & Chief Servicing Officer (Age 52, Pay $1.2M)
  • Mr. Francois Grunenwald, Sr. VP & Chief Accounting Officer (Age 50)
  • Mr. Michael K. Short, VP of Bus. Devel. and Investor Relations
  • Mr. Stephen C. Swett, Investors Contact
  • Mr. Alberino J. Celini, Exec. VP, Chief Risk & Compliance Officer (Age 58)
  • Mr. Joseph J. Samarias, Chief Ethics Officer, Exec. VP, Gen. Counsel & Company Sec. (Age 49)

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.

Who are some of Ocwen Financial's key competitors?

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 TCW Group Inc. (2.18%). Company insiders that own Ocwen Financial stock include Deer Park Road Management Comp, Glen A Messina, Jacques J Busquet, Jenne K Britell, June C Campbell, Kevin Stein, Phyllis R Caldwell, Robert J Lipstein and Timothy J Yanoti.
View institutional ownership trends for Ocwen Financial
.

Which institutional investors are buying Ocwen Financial stock?

OCN stock was acquired by a variety of institutional investors in the last quarter, including TCW Group Inc.. Company insiders that have bought Ocwen Financial stock in the last two years include Glen A Messina, Jacques J Busquet, Jenne K Britell, June C Campbell, Kevin Stein, Phyllis R Caldwell, Robert J Lipstein, and Timothy J Yanoti.
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 $25.84.

How much money does Ocwen Financial make?

Ocwen Financial has a market capitalization of $225.01 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 7/29/2021 by MarketBeat.com Staff
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