Logo image of OCN

OCWEN FINANCIAL CORP (OCN) Stock Price, Forecast & Analysis

USA - NYSE:OCN - US6757466064 - Common Stock

25.08 USD
-0.19 (-0.75%)
Last: 6/7/2024, 8:04:00 PM
25.08 USD
0 (0%)
After Hours: 6/7/2024, 8:04:00 PM

OCN Key Statistics, Chart & Performance

Key Statistics
Market Cap195.87M
Revenue(TTM)1.04B
Net Income(TTM)6.60M
Shares7.81M
Float6.14M
52 Week High35.79
52 Week Low21.15
Yearly Dividend0
Dividend YieldN/A
EPS(TTM)0.74
PE33.89
Fwd PE3.55
Earnings (Next)08-01 2024-08-01/amc
IPO1996-09-25
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
GICS IndustryGroupFinancial Services


OCN short term performance overview.The bars show the price performance of OCN in the last week, last 2 weeks, last month, last 3 and 6 months. 1 week 2 week 1 month 3 months 6 months 0 2 -2 -4 -6

OCN long term performance overview.The bars show the price performance of OCN in the last 1, 2 and 3 years. 1 year 2 years 3 years -5 -10 -15

The current stock price of OCN is 25.08 USD. In the past month the price decreased by -7.32%. In the past year, price decreased by -17.42%.

OCWEN FINANCIAL CORP / OCN Daily stock chart

OCN Latest News, Press Relases and Analysis

OCN Competitors/Peers

The largest stocks on the US markets in the "Commercial & Residential Mortgage Finance" sub-industry
Full List
Symbol
Company Name
TA
FA
PE
Market Cap
RKT ROCKET COS INC-CLASS A 89.74 47.91B
UWMC UWM HOLDINGS CORP 102 8.16B
PFSI PENNYMAC FINANCIAL SERVICES 13.69 6.57B
MTG MGIC INVESTMENT CORP 9.04 6.50B
ACT ENACT HOLDINGS INC 8.45 5.56B
RDN RADIAN GROUP INC 8.4 4.78B
NMIH NMI HOLDINGS INC 7.86 2.92B
WD WALKER & DUNLOP INC 19.39 2.23B
AGM FEDERAL AGRIC MTG CORP-CL C 9.65 1.79B
MBIN MERCHANTS BANCORP/IN 7.17 1.47B
AGM.A FEDERAL AGRIC MTG CORP-CL A 7.59 1.41B
GHLD GUILD HOLDINGS CO - CLASS A 9.59 1.24B

About OCN

Company Profile

OCN logo image Ocwen Financial Corp. is a financial services holding company, which engages in the servicing and origination of mortgage loans through its subsidiaries. The company is headquartered in West Palm Beach, Florida and currently employs 4,900 full-time employees. The firm operates through three segments: Servicing, Originations, and Corporate Items and Other. Servicing segment is comprised of two components, its owned MSRs and its subservicing portfolio. The segment invests its capital to fund purchases and originations of its owned mortgage servicing rights (MSRs) and servicing advances. Originations segment purchases MSRs through bulk portfolio purchases, through flow purchase agreements with its network of mortgage companies and financial institutions, and through participation in the Agency Cash Window (or Co-Issue) programs. Corporate Items and Other segment include revenues and expenses of corporate support services, CR Limited (CRL), its captive reinsurance subsidiary, inactive entities, and its other business activities.

Company Info

OCWEN FINANCIAL CORP

1661 Worthington Rd Ste 100

West Palm Beach FLORIDA 33409 US

CEO: Glen A. Messina

Employees: 4900

OCN Company Website

Phone: 15616828000

OCWEN FINANCIAL CORP / OCN FAQ

What does OCWEN FINANCIAL CORP do?

Ocwen Financial Corp. is a financial services holding company, which engages in the servicing and origination of mortgage loans through its subsidiaries. The company is headquartered in West Palm Beach, Florida and currently employs 4,900 full-time employees. The firm operates through three segments: Servicing, Originations, and Corporate Items and Other. Servicing segment is comprised of two components, its owned MSRs and its subservicing portfolio. The segment invests its capital to fund purchases and originations of its owned mortgage servicing rights (MSRs) and servicing advances. Originations segment purchases MSRs through bulk portfolio purchases, through flow purchase agreements with its network of mortgage companies and financial institutions, and through participation in the Agency Cash Window (or Co-Issue) programs. Corporate Items and Other segment include revenues and expenses of corporate support services, CR Limited (CRL), its captive reinsurance subsidiary, inactive entities, and its other business activities.


Can you provide the latest stock price for OCWEN FINANCIAL CORP?

The current stock price of OCN is 25.08 USD. The price decreased by -0.75% in the last trading session.


Does OCN stock pay dividends?

OCN does not pay a dividend.


What is the ChartMill technical and fundamental rating of OCN stock?

OCN has a ChartMill Technical rating of 0 out of 10 and a ChartMill Fundamental rating of 4 out of 10.


On which exchange is OCN stock listed?

OCN stock is listed on the New York Stock Exchange, Inc. exchange.


What do analysts say about OCWEN FINANCIAL CORP (OCN) stock?

8 analysts have analysed OCN and the average price target is 41.48 USD. This implies a price increase of 65.39% is expected in the next year compared to the current price of 25.08.


Can you provide the market cap for OCWEN FINANCIAL CORP?

OCWEN FINANCIAL CORP (OCN) has a market capitalization of 195.87M USD. This makes OCN a Micro Cap stock.


OCN Technical Analysis


Chartmill TA Rating
Chartmill Setup Rating

OCN Fundamental Analysis

ChartMill assigns a fundamental rating of 4 / 10 to OCN. While OCN is still in line with the averages on profitability rating, there are concerns on its financial health.


Chartmill FA Analysis
Valuation
Growth
Profitability
Health
Dividend

OCN Financial Highlights

Over the last trailing twelve months OCN reported a non-GAAP Earnings per Share(EPS) of 0.74. The EPS increased by 108.67% compared to the year before.


Industry RankSector Rank
PM (TTM) 0.63%
ROA 0.05%
ROE 1.53%
Debt/Equity 27.58
Chartmill High Growth Momentum
EPS Q2Q%170.04%
Sales Q2Q%-8.67%
EPS 1Y (TTM)108.67%
Revenue 1Y (TTM)6.07%

OCN Forecast & Estimates

8 analysts have analysed OCN and the average price target is 41.48 USD. This implies a price increase of 65.39% is expected in the next year compared to the current price of 25.08.

For the next year, analysts expect an EPS growth of 177.63% and a revenue growth 3.39% for OCN


Analysts
Analysts77.5
Price Target41.48 (65.39%)
EPS Next Y177.63%
Revenue Next Year3.39%

OCN Ownership

Ownership
Inst Owners51.13%
Ins Owners36.44%
Short Float %N/A
Short RatioN/A