Ocwen Financial Corporation (OCN)

NYSE: OCN · IEX Real-Time Price · USD
24.59
+1.04 (4.42%)
Mar 21, 2023, 4:00 PM EDT - Market closed
4.42%
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]

Sector Financials
IPO Date Sep 25, 1996
Employees 5,100
Stock Exchange NYSE
Ticker Symbol OCN
Full Company Profile

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 Statements

Analyst 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.

Price Target
$42.5
(72.83% upside)
Analyst Consensus: Buy
Stock Forecasts

News

PHH Mortgage Recognized by Fannie Mae as a 2022 Star Performer

Awarded for the second consecutive year Awarded for the second consecutive year

5 days ago - GlobeNewsWire

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...

3 weeks ago - GlobeNewsWire

PHH Mortgage Honored by Freddie Mac for Superior Loan Servicing

Awarded for the third consecutive year Awarded for the third consecutive year

1 month ago - GlobeNewsWire

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...

1 month ago - GlobeNewsWire

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.

2 months ago - Zacks Investment Research

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...

2 months ago - GlobeNewsWire

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...

2 months ago - Zacks Investment Research

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...

4 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

PHH Mortgage Names Industry Veteran Michael Keaton as Senior Vice President of Default Subservicing

30 years of experience in mortgage subservicing and default servicing

5 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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...

8 months ago - GlobeNewsWire

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.

Other symbols: VELWD
8 months ago - Zacks Investment Research

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...

8 months ago - GlobeNewsWire

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...

9 months ago - GlobeNewsWire

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...

10 months ago - GlobeNewsWire

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...

10 months ago - GlobeNewsWire

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...

11 months ago - GlobeNewsWire

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...

11 months ago - GlobeNewsWire

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.

11 months ago - Zacks Investment Research

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 ...

1 year ago - GlobeNewsWire

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

1 year ago - GlobeNewsWire

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

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire