Ocwen Financial Corporation (OCN)

NYSE: OCN · IEX Real-Time Price · USD
22.95
0.60 (2.68%)
May 18, 2022 4:00 PM EDT - Market closed
Market Cap219.20M
Revenue (ttm)1.07B
Net Income (ttm)67.62M
Shares Out9.55M
EPS (ttm)1.93
PE Ratio11.89
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume67,295
Open22.00
Previous Close22.35
Day's Range21.78 - 23.24
52-Week Range17.76 - 41.92
Beta2.00
AnalystsBuy
Price Target40.12 (+74.8%)
Earnings DateMay 24, 2022

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...

IndustryThrifts & Mortgage Finance
IPO DateSep 25, 1996
CEOGlen Messina
Employees5,700
Stock ExchangeNYSE
Ticker SymbolOCN
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for OCN stock is "Buy." The 12-month stock price forecast is 40.12, which is an increase of 74.81% from the latest price.

Price Target
$40.12
(74.81% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 appoi...

16 hours 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 first...

2 weeks 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 prelimi...

3 weeks 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.

3 weeks 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 st...

1 month 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 month 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

2 months 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 full...

2 months ago - GlobeNewsWire

PHH Mortgage Honored by Freddie Mac for Superior Loan Servicing

Recognized as the Top Performer Among Top Tier Servicing Group Recognized as the Top Performer Among Top Tier Servicing Group

2 months 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 it ...

3 months ago - GlobeNewsWire

PHH Mortgage Renews Partnership With the NAACP to Help Impacted Homeowners and Communities Through Borrower Outreach ...

Plan to host more than 55 regional borrower outreach events in 2022 More than 90 borrower outreach events completed since start of COVID-19 pandemic Third consecutive year partnering with NAACP for annu...

3 months ago - GlobeNewsWire

Ocwen Financial (OCN) to Report Q4 Results: Wall Street Expects Earnings Growth

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.

3 months ago - Zacks Investment Research

5 Stocks With Recent Price Strength in a Volatile January

Investors target stocks that are witnessing a bullish run. Some of the stocks seeing price strength are MCB, HBNC, SRTS, OCN and CBZ.

Other symbols:CBZHBNCMCBSRTS
4 months ago - Zacks Investment Research

Ocwen (OCN) is on the Move, Here's Why the Trend Could be Sustainable

Ocwen (OCN) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Rece...

4 months ago - Zacks Investment Research

Fast-paced Momentum Stock Ocwen (OCN) Is Still Trading at a Bargain

Ocwen (OCN) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it...

4 months ago - Zacks Investment Research

What Makes Ocwen (OCN) a Good Fit for "Trend Investing"

If you are looking for stocks that are well positioned to maintain their recent uptrend, Ocwen (OCN) could be a great choice. It is one of the several stocks that passed through our "Recent Price Streng...

4 months ago - Zacks Investment Research

5 Stocks With Recent Price Strength to Enhance Your Returns

Investors target stocks that are witnessing a bullish run. Some of the stocks seeing price strength are MGPI, CSV, BVH, LPX and OCN.

Other symbols:BVHCSVLPXMGPI
5 months ago - Zacks Investment Research

Best Value Stocks to Buy for December 9th

MRBK, PAG, OCN, and SBFG made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 9, 2021.

Other symbols:MRBKPAGSBFG
5 months ago - Zacks Investment Research

Ocwen Financial Wins External Partner of the Year From Neighborhood Housing Services of New York City

WEST PALM BEACH, Fla., Nov. 18, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that Nei...

6 months ago - GlobeNewsWire

Ocwen Financial (OCN) Tops Q3 Earnings and Revenue Estimates

Ocwen (OCN) delivered earnings and revenue surprises of 43.13% and 4.56%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

Ocwen Financial Announces Third Quarter 2021 Results

WEST PALM BEACH, Fla., Nov. 08, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced its thir...

6 months ago - GlobeNewsWire

Ocwen Financial Schedules Conference Call – Third Quarter 2021 Results and Business Update

WEST PALM BEACH, Fla., Nov. 02, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that it ...

6 months ago - GlobeNewsWire

Ocwen Financial (OCN) Earnings Expected to Grow: Should You Buy?

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.

6 months ago - Zacks Investment Research

Ocwen Financial Provides Update on Correspondent Lending Channel Growth and Organization

WEST PALM BEACH, Fla., Oct. 14, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today provided an update...

7 months ago - GlobeNewsWire

Ocwen (OCN) Buys Reverse Mortgage Servicing and REO Platforms

Ocwen (OCN) completes the deal with Reverse Mortgage Solutions to buy its reverse mortgage servicing platform and real estate owned business.

7 months ago - Zacks Investment Research