Ocwen Financial Corporation (OCN)
Market Cap | 185.10M |
Revenue (ttm) | 953.90M |
Net Income (ttm) | 25.70M |
Shares Out | 7.53M |
EPS (ttm) | 2.85 |
PE Ratio | 8.63 |
Forward PE | n/a |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 26,405 |
Open | 24.27 |
Previous Close | 23.55 |
Day's Range | 24.16 - 25.16 |
52-Week Range | 17.76 - 37.17 |
Beta | 2.04 |
Analysts | Buy |
Price Target | 42.50 (+72.83%) |
Earnings Date | May 4, 2023 |
About OCN
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 for... [Read more]
Financial Performance
In 2022, OCN's revenue was $953.90 million, a decrease of -9.16% compared to the previous year's $1.05 billion. Earnings were $25.70 million, an increase of 41.99%.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for OCN stock is "Buy." The 12-month stock price forecast is $42.5, which is an increase of 72.83% from the latest price.
News

PHH Mortgage Recognized by Fannie Mae as a 2022 Star Performer
Awarded for the second consecutive year Awarded for the second consecutive year

Ocwen Financial Announces Full Year and Fourth Quarter 2022 Results
WEST PALM BEACH, Fla., Feb. 28, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced its fu...

PHH Mortgage Honored by Freddie Mac for Superior Loan Servicing
Awarded for the third consecutive year Awarded for the third consecutive year

Ocwen Financial Schedules Conference Call – Fourth Quarter and Full-Year 2022 Results
WEST PALM BEACH, Fla., Feb. 17, 2023 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that i...

Ocwen (OCN) Moves to Buy: Rationale Behind the Upgrade
Ocwen (OCN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Ocwen Financial President and CEO Glen Messina Appointed as Board Chair
Phyllis Caldwell to Remain on the Board; Kevin Stein to Assume the Role of Lead Independent Director Phyllis Caldwell to Remain on the Board; Kevin Stein to Assume the Role of Lead Independent Directo...

Despite Fast-paced Momentum, Ocwen (OCN) Is Still a Bargain Stock
Ocwen (OCN) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading a...

Ocwen Financial Announces Third Quarter 2022 Results
Completes agreement with Oaktree for incremental $250 million investment to acquire additional MSRs through MSR Asset Vehicle Completes agreement with Oaktree for incremental $250 million investment t...

Ocwen Financial Schedules Conference Call – Third Quarter 2022 Results and Business Update
WEST PALM BEACH, Fla., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that i...

PHH Mortgage Names Industry Veteran Michael Keaton as Senior Vice President of Default Subservicing
30 years of experience in mortgage subservicing and default servicing

Ocwen Financial Comments On New Financial Eligibility Requirements Announced by FHFA and Ginnie Mae
WEST PALM BEACH, Fla. , Sept. 09, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, issued the following...

Ocwen Financial Announces Second Quarter 2022 Results
WEST PALM BEACH, Fla., Aug. 04, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced its se...

3 Stocks to Watch From the Mortgage & Related Services Industry
Despite a rise in mortgage rates and fading origination volumes, WD, VEL, OCN are set to hold ground on robust servicing opportunities and focus on improving operating leverage.

Ocwen Financial Schedules Conference Call – Second Quarter 2022 Results and Business Update
WEST PALM BEACH, Fla., July 25, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that i...

PHH Mortgage Announces Agreement With Federal Home Loan Bank of Indianapolis to Purchase Mortgage Servicing Rights
WEST PALM BEACH, Fla., June 28, 2022 (GLOBE NEWSWIRE) -- PHH Mortgage (“PHH” or the “Company”), a subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading non-bank mortgage servicer and ori...

Ocwen Board of Directors Authorizes $50 Million Share Repurchase Program
WEST PALM BEACH, Fla., May 23, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that on...

Ocwen Financial Appoints Sean O'Neil Executive Vice President and Chief Financial Officer
WEST PALM BEACH, Fla., May 18, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced the app...

Ocwen Financial Announces First Quarter 2022 Results
WEST PALM BEACH, Fla., May 05, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced its fir...

Ocwen Financial Announces Preliminary First Quarter 2022 Results and Schedules Earnings Conference Call
WEST PALM BEACH, Fla., April 27, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced preli...

Earnings Preview: Ocwen Financial (OCN) Q1 Earnings Expected to Decline
Ocwen (OCN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Ocwen Financial Comments on U.S. Court of Appeals Decision in CFPB Matter
WEST PALM BEACH, Fla., April 08, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, issued the following ...

PHH Mortgage Adds $56 Billion in New Subservicing Volume in 2021
Grew subservicing volume by 45% year over year Grew subservicing volume by 45% year over year

PHH Mortgage Recognized as a 2021 STAR Performer by Fannie Mae
Achieved STAR Distinction in All Three Performer Categories Achieved STAR Distinction in All Three Performer Categories

Ocwen Financial Announces Full Year and Fourth Quarter 2021 Results
WEST PALM BEACH, Fla., Feb. 25, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced its fu...

Ocwen Financial Schedules Conference Call – Fourth Quarter 2021 Results and Business Update
WEST PALM BEACH, Fla., Feb. 18, 2022 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that i...