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NYSE:OCN

Ocwen Financial (OCN) Stock Forecast, Price & News

$26.27
-0.63 (-2.34%)
(As of 05/27/2022 03:38 PM ET)
Add
Compare
Today's Range
$26.14
$27.50
50-Day Range
$17.99
$26.90
52-Week Range
$17.76
$41.92
Volume
1,910 shs
Average Volume
66,004 shs
Market Capitalization
$243.00 million
P/E Ratio
3.78
Dividend Yield
N/A
Beta
1.94
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.

Headlines

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Industry, Sector and Symbol

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

Sales & Book Value

Annual Sales
$1.05 billion
Cash Flow
$5.77 per share
Book Value
$57.74 per share

Profitability

Net Income
$18.08 million
Pretax Margin
4.22%

Debt

Price-To-Earnings

Miscellaneous

Free Float
8,991,000
Market Cap
$243.00 million
Optionable
Optionable

Company Calendar

Last Earnings
5/05/2022
Today
5/27/2022
Next Earnings (Estimated)
8/03/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.37 out of 5 stars

Finance Sector

513th out of 1,381 stocks

Mortgage Bankers & Correspondents Industry

5th out of 7 stocks

Analyst Opinion: 3.3Community Rank: 4.1Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -













Ocwen Financial (NYSE:OCN) Frequently Asked Questions

Is Ocwen Financial a buy right now?

3 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 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Ocwen Financial stock.
View analyst ratings for Ocwen Financial
or view top-rated stocks.

Are investors shorting Ocwen Financial?

Ocwen Financial saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 378,200 shares, an increase of 39.9% from the April 15th total of 270,400 shares. Based on an average daily trading volume, of 71,200 shares, the short-interest ratio is presently 5.3 days. Currently, 4.6% of the shares of the company 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 Wednesday, August 3rd 2022.
View our earnings forecast for Ocwen Financial
.

How were Ocwen Financial's earnings last quarter?

Ocwen Financial Co. (NYSE:OCN) posted its earnings results on Thursday, May, 5th. The financial services provider reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.65. The financial services provider earned $231.56 million during the quarter, compared to analyst estimates of $276.06 million. Ocwen Financial had a trailing twelve-month return on equity of 6.98% and a net margin of 6.30%.
View Ocwen Financial's earnings history
.

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

Ocwen Financial shares 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 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?

3 equities research analysts have issued 12 month target prices for Ocwen Financial's shares. Their forecasts range from $36.00 to $50.00. On average, they anticipate Ocwen Financial's share price to reach $43.00 in the next twelve months. This suggests a possible upside of 63.7% 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:
  • Mr. Glen A. Messina, CEO, Pres & Director (Age 60, Pay $2.71M)
  • Ms. June C. Campbell, Exec. VP & CFO (Age 64, Pay $977.28k)
  • Mr. Dennis Zeleny, Exec. VP & Chief Admin. Officer (Age 67, Pay $1.14M)
  • Mr. Scott William Anderson, Exec. VP & Chief Servicing Officer (Age 53, Pay $1.13M)
  • Mr. George T. Henley, Exec. VP & Chief Growth Officer (Age 54, Pay $1.12M)
  • Mr. John V. Britti, Exec. VP & Chief Investment Officer (Age 62)
  • 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 59)
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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.17%), Vanguard Group Inc. (3.66%), Dimensional Fund Advisors LP (2.23%), TCW Group Inc. (2.20%), Cooper Creek Partners Management LLC (1.73%) and Monaco Asset Management SAM (1.69%). Company insiders that own Ocwen Financial stock include Dennis Zeleny, George T Henley, Glen A Messina and Jacques J Busquet.
View institutional ownership trends for Ocwen Financial
.

Which institutional investors are selling Ocwen Financial stock?

OCN stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., JPMorgan Chase & Co., BlackRock Inc., GSA Capital Partners LLP, Group One Trading L.P., Walleye Trading LLC, Northern Trust Corp, and UBS Group AG.
View insider buying and selling activity for Ocwen Financial
or view top insider-selling stocks.

Which institutional investors are buying Ocwen Financial stock?

OCN stock was bought by a variety of institutional investors in the last quarter, including Hillsdale Investment Management Inc., Cooper Creek Partners Management LLC, Dimensional Fund Advisors LP, Monaco Asset Management SAM, TCW Group Inc., Cutler Group LP, Engineers Gate Manager LP, and State Street Corp. Company insiders that have bought Ocwen Financial stock in the last two years include Dennis Zeleny, George T Henley, Glen A Messina, and Jacques J Busquet.
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 $26.27.

How much money does Ocwen Financial make?

Ocwen Financial has a market capitalization of $243.00 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 $6.95 on an earnings per share basis.

How many employees does Ocwen Financial have?

Ocwen Financial employs 5,700 workers across the globe.

What is Ocwen Financial's official website?

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

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, via email at [email protected], or via fax at 561-681-8177.

This page was last updated on 5/27/2022 by MarketBeat.com Staff

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