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S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
First-Time Investor? Here Are 9 Mistakes You Want To Avoid
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Ford Stock Going Forward After Big Earnings Flop
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Closing prices for crude oil, gold and other commodities
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Indian tycoon Adani hit by more losses, calls for probe
Ford, Starbucks fall; Clorox, Gilead Sciences rise
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
First-Time Investor? Here Are 9 Mistakes You Want To Avoid
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Ford Stock Going Forward After Big Earnings Flop
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Closing prices for crude oil, gold and other commodities
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Indian tycoon Adani hit by more losses, calls for probe
Ford, Starbucks fall; Clorox, Gilead Sciences rise
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
First-Time Investor? Here Are 9 Mistakes You Want To Avoid
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Ford Stock Going Forward After Big Earnings Flop
Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Closing prices for crude oil, gold and other commodities
AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Indian tycoon Adani hit by more losses, calls for probe
Ford, Starbucks fall; Clorox, Gilead Sciences rise
NYSE:OCN

Ocwen Financial - OCN Stock Forecast, Price & News

$35.78
+0.39 (+1.10%)
(As of 02/3/2023 12:00 AM ET)
Add
Compare
Today's Range
$34.76
$36.05
50-Day Range
$30.46
$36.00
52-Week Range
$17.76
$37.17
Volume
14,499 shs
Average Volume
25,206 shs
Market Capitalization
$271.57 million
P/E Ratio
3.23
Dividend Yield
N/A
Price Target
$50.00

Ocwen Financial MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
39.7% Upside
$50.00 Price Target
Short Interest
Healthy
1.58% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
288.99%
From $1.09 to $4.24 Per Share

Overall MarketRank

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

2.78 out of 5 stars

Finance Sector

100th out of 865 stocks

Mortgage Bankers & Correspondents Industry

1st out of 7 stocks

OCN stock logo

About Ocwen Financial (NYSE:OCN) Stock

Ocwen Financial Corp. is a financial services holding company, which engages in the servicing and origination of mortgage loans through its subsidiaries. It operates through the following business segments: Servicing, Lending, and Corporate Items and Other. The Servicing segment engages in the residential servicing business, which offers residential and commercial mortgage loan servicing, special servicing, and asset management services. The Lending segment is involved in 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 includes revenues and expenses that are not directly related to other reportable segments. The company was founded in February 1988 and is headquartered in West Palm Beach, FL.

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OCN Stock News Headlines

Ocwen (OCN) Moves to Buy: Rationale Behind the Upgrade
Ocwen Financial
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Ocwen Financial Announces Third Quarter 2022 Results
Earnings Preview: Ocwen Financial
OCN Ocwen Financial Corporation
Ocwen Financial Corp
See More Headlines
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OCN Company Calendar

Last Earnings
11/07/2021
Today
2/04/2023
Next Earnings (Estimated)
2/24/2023
Fiscal Year End
12/31/2023

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
+39.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$18.08 million
Pretax Margin
10.00%

Debt

Sales & Book Value

Annual Sales
$1.05 billion
Cash Flow
$5.10 per share
Book Value
$51.81 per share

Miscellaneous

Free Float
7,317,000
Market Cap
$271.57 million
Optionable
Optionable
Beta
1.99

Key Executives

  • Glen A. Messina
    President, Chief Executive Officer & Director
  • Sean O’Neil
    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













OCN Stock - Frequently Asked Questions

Should I buy or sell Ocwen Financial stock right now?

2 Wall Street 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 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 2023?

2 Wall Street research analysts have issued 1-year target prices for Ocwen Financial's stock. Their OCN share price forecasts range from $50.00 to $50.00. On average, they expect the company's stock price to reach $50.00 in the next year. This suggests a possible upside of 39.7% 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 2023?

Ocwen Financial's stock was trading at $30.58 on January 1st, 2023. Since then, OCN stock has increased by 17.0% and is now trading at $35.78.
View the best growth stocks for 2023 here
.

Are investors shorting Ocwen Financial?

Ocwen Financial saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 113,300 shares, a drop of 17.2% from the December 31st total of 136,900 shares. Based on an average daily volume of 37,200 shares, the days-to-cover ratio is currently 3.0 days. Currently, 1.7% 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 Friday, February 24th 2023.
View our OCN earnings forecast
.

How were Ocwen Financial's earnings last quarter?

Ocwen Financial Co. (NYSE:OCN) announced its quarterly earnings data on Sunday, November, 7th. The financial services provider reported $2.29 earnings per share (EPS) 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 the consensus estimate of $270.75 million. Ocwen Financial had a trailing twelve-month return on equity of 0.49% and a net margin of 10.40%. During the same period in the prior year, the firm earned ($1.09) earnings per share.

When did Ocwen Financial's stock split?

Ocwen Financial's stock 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).

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 retail and institutional investors. Top institutional investors include Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Deer Park Road Management Comp, Dennis Zeleny, George T Henley, Glen A Messina, Jacques J Busquet, June C Campbell and Kevin Stein.
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 $35.78.

How much money does Ocwen Financial make?

Ocwen Financial (NYSE:OCN) has a market capitalization of $271.57 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 $11.09 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 2/4/2023 by MarketBeat.com Staff