Ocwen Financial Corporation NEW (OCN): Price and Financial Metrics


Ocwen Financial Corporation NEW (OCN): $22.70

-1.46 (-6.04%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

OCN Stock Summary

  • Price to trailing twelve month operating cash flow for OCN is currently 0.8, higher than only 3.56% of US stocks with positive operating cash flow.
  • OCN's price/sales ratio is 0.22; that's higher than the P/S ratio of merely 3.15% of US stocks.
  • Equity multiplier, or assets relative to shareholders' equity, comes in at 24.3 for Ocwen Financial Corp; that's greater than it is for 98.16% of US stocks.
  • Stocks with similar financial metrics, market capitalization, and price volatility to Ocwen Financial Corp are RRR, HCHC, CNTY, SQBG, and TIGO.
  • OCN's SEC filings can be seen here. And to visit Ocwen Financial Corp's official web site, go to www.ocwen.com.

OCN Stock Price Chart Interactive Chart >

Price chart for OCN

OCN Price/Volume Stats

Current price $22.70 52-week high $32.51
Prev. close $24.16 52-week low $5.29
Day low $22.38 Volume 68,662
Day high $24.09 Avg. volume 62,212
50-day MA $27.80 Dividend yield N/A
200-day MA $23.92 Market Cap 197.22M

Ocwen Financial Corporation NEW (OCN) Company Bio


Ocwen Financial engages in servicing and origination of mortgage loans in the United States. Its Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset management services to owners of mortgage loans and foreclosed real estate. The company was founded in 1988 and is based in Atlanta, Georgia.

OCN Price Forecast Based on DCF Valuation

Current PriceDCF Fair Value Target: Forecasted Gain:
$22.70$25.97 7%

We started the process of determining a valid price forecast for Ocwen Financial Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Ocwen Financial Corp ranked in the 57th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. The most interesting components of our discounted cash flow analysis for Ocwen Financial Corp ended up being:

  • In the past 5.56 years, Ocwen Financial Corp has a compound free cash flow growth rate of -0.22%; that's better than merely 6.75% of cash flow producing equities in the Financial Services sector, where it is classified.
  • 10% of the company's capital comes from equity, which is greater than only 1.64% of stocks in our cash flow based forecasting set.
  • Ocwen Financial Corp's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%5%
1%6%
2%7%
3%9%
4%10%
5%11%

For other companies in the Financial Services that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as OCN, try Y, AFL, FFG, CRD.A, and IVZ.


OCN Latest News Stream


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Latest OCN News From Around the Web

Below are the latest news stories about Ocwen Financial Corp that investors may wish to consider to help them evaluate OCN as an investment opportunity.

PHH Mortgage Names Industry Veteran Andy Peach as Head of Correspondent Lending

WEST PALM BEACH, Fla., March 29, 2021 (GLOBE NEWSWIRE) -- PHH Mortgage (“PHH” or the “Company”), a subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading non-bank mortgage servicer and originator, today announced that Andy Peach has joined the Company as Senior Vice President, Correspondent Lending. In this role, Mr. Peach will be responsible for leading PHH’s rapidly growing Correspondent Lending business and will report directly to George Henley, Ocwen’s Chief Growth Officer. The Company’s Correspondent Lending business has experienced significant growth since its launch in 2019. In the fourth quarter of 2020, the channel generated $2.6 billion in volume, a 34 percent increase from the prior quarter. The channel had nearly tripled its seller base at the end of 2020 as com...

Yahoo | March 29, 2021

Ocwen prevails over most of CFPB's mortgage servicing lawsuit

A federal judge in Florida has handed a win to Ocwen Financial Corporation in the U.S. Consumer Financial Protection Bureau's lawsuit seeking to hold the company liable for an array of alleged mortgage servicing failures, saying most of the claims are precluded by an earlier…

Reuters | March 5, 2021

Ocwen Financial Comments on Court Order Granting Ocwen’s Motion for Summary Judgment on Majority of Claims in CFPB Matter

WEST PALM BEACH, Fla., March 05, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, issued the following statement in response to the ruling issued on March 4, 2021 by the United States District Court for the Southern District of Florida on the Company’s motion for summary judgment in the action pending with the Consumer Financial Protection Bureau (“CFPB” or “Bureau”). The Court granted judgment in Ocwen’s favor on 9 of the Bureau’s 10 counts regarding alleged servicing misconduct that occurred before February 26, 2017. If the CFPB seeks to pursue any claims under Counts 1-9 based on alleged servicing misconduct which occurred after February 26, 2017, the Court reserved ruling on Ocwen’s rema...

Yahoo | March 5, 2021

Ocwen Financial Announces Closing of $400 Million Offering of PHH Mortgage Corporation Senior Secured Notes Due 2026

Enhances Capital Structure and Increases Financial Flexibility to Support Continued Growth and Investment in the CompanyWEST PALM BEACH, Fla., March 04, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that its subsidiary PHH Mortgage Corporation (“PMC”) has closed its previously announced offering of $400 million aggregate principal amount of 7.875% Senior Secured Notes due 2026 (the “PMC Notes”). The PMC Notes are guaranteed on a senior secured basis by the Company and PHH Corporation ("PHH"), the parent company of PMC and subsidiary of the Company. The Company also announced the completion of its previously announced private placement of $199.5 million aggregate principal ...

Yahoo | March 4, 2021

What Kind Of Investors Own Most Of Moneta Porcupine Mines Inc. (TSE:ME)?

If you want to know who really controls Moneta Porcupine Mines Inc. ( TSE:ME ), then you'll have to look at the makeup...

Yahoo | March 2, 2021

Read More 'OCN' Stories Here

OCN Price Returns

1-mo -20.63%
3-mo -14.34%
6-mo -9.60%
1-year 273.57%
3-year -62.73%
5-year -40.18%
YTD -21.48%
2020 40.68%
2019 2.24%
2018 -57.19%
2017 -41.93%
2016 -22.67%

Continue Researching OCN

Want to see what other sources are saying about Ocwen Financial Corp's financials and stock price? Try the links below:

Ocwen Financial Corp (OCN) Stock Price | Nasdaq
Ocwen Financial Corp (OCN) Stock Quote, History and News - Yahoo Finance
Ocwen Financial Corp (OCN) Stock Price and Basic Information | MarketWatch


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