Ocwen Financial Corp.

NYS: OCN

GO
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Market open

 --Quotes are delayed by 20 min

Feb 2, 2023, 9:51 a.m.

OCN
/zigman2/quotes/209487504/composite

$

35.46

Change

+0.12 +0.34%

Volume

Volume 5,653

Quotes are delayed by 20 min

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Previous close

$ 35.34

$ 35.46

Change

+0.12 +0.34%

Day low

Day high

$35.07

$35.87

Open

52 week low

52 week high

$17.76

$37.17

Open

Company Description

Ocwen Financial Corp. is a financial services holding company, which engages in the servicing and origination of mortgage loans through its subsidiaries. It operates through the following business segments: Servicing, Lending, and Corporate Items and Other. The Servicing segment engages in the resid...

Ocwen Financial Corp. is a financial services holding company, which engages in the servicing and origination of mortgage loans through its subsidiaries. It operates through the following business segments: Servicing, Lending, and Corporate Items and Other. The Servicing segment engages in the residential servicing business, which offers residential and commercial mortgage loan servicing, special servicing, and asset management services. The Lending segment is involved in originating and purchasing conventional and government-insured residential forward and reverse mortgage loans mainly through correspondent lending arrangements, broker relationships and directly with mortgage customers. The Corporate Items and Other segment includes revenues and expenses that are not directly related to other reportable segments. The company was founded in February 1988 and is headquartered in West Palm Beach, FL.

Valuation

P/E Current

18.68

P/E Ratio (with extraordinary items)

3.08

P/E Ratio (without extraordinary items)

20.74

Price to Sales Ratio

0.36

Price to Book Ratio

0.77

Enterprise Value to EBITDA

30.89

Enterprise Value to Sales

11.28

Efficiency

Total Asset Turnover

0.09

Profitability

Gross Margin

88.21

Operating Margin

32.38

Pretax Margin

-0.42

Net Margin

1.72

Return on Assets

0.16

Return on Equity

4.05

Return on Total Capital

3.23

Capital Structure

Total Debt to Total Assets

89.07

Officers and Executives

Name Age Officer Since Title
Mr. Glen A. Messina 56 2018 President, Chief Executive Officer & Director
Mr. Sean O’Neil 55 2022 Chief Financial Officer & Executive Vice President
Mr. Dennis Zeleny 63 2019 Chief Administrative Officer & Executive VP
Mr. John V. Britti 59 2011 Chief Investment Officer & Executive VP
Mr. George Henley - 2021 Chief Growth Officer & Executive Vice President

Insider Actions

– Purchase – Sale 1 – Number of Transactions
Date Name Shares Transaction Value
08/10/2020 Joseph B. Long
EVP, Capital Markets
15,200   Acquisition at $1.67 per share. 25,384
06/01/2020 Jacques J. Busquet
Director
10,000   Acquisition at $0.76 per share. 7,600
05/27/2020 Phyllis R. Caldwell
Director
135,135   Award at $0 per share. 0
05/27/2020 Jacques J. Busquet
Director
135,135   Award at $0 per share. 0
05/27/2020 DeForest Blake Soaries
Director
135,135   Award at $0 per share. 0
05/27/2020 Alan J. Bowers
Director
135,135   Award at $0 per share. 0
05/27/2020 Kevin Stein
Director
135,135   Award at $0 per share. 0
05/27/2020 Jenne K. Britell
Director
135,135   Award at $0 per share. 0
05/14/2020 Kevin Stein
Director
10,000   Acquisition at $0.61 per share. 6,100
05/13/2020 Kevin Stein
Director
5,000   Acquisition at $0.55 per share. 2,750
04/17/2020 Deer Park Road Management Co. LP
400,000   Disposition at $0.44 per share. 176,000
04/11/2020 Glen A. Messina
President & CEO; Director
87,324   Derivative/Non-derivative trans. at $0.54 per share. 47,154
04/11/2020 Glen A. Messina
President & CEO; Director
188,442   Derivative/Non-derivative trans. at $0 per share. 0
03/29/2020 Scott W. Anderson
EVP & Chief Servicing Officer
27,472   0
03/29/2020 John V. Britti
EVP & Chief Investment Officer
24,725   0
03/29/2020 Arthur C. Walker
SVP, Global Tax
9,714   0
03/29/2020 Timothy J. Yanoti
EVP & Chief Growth Officer
45,787   0
03/29/2020 Joseph J. Samarias
EVP & General Counsel
18,315   0
03/29/2020 Albert J. Celini
Chief Risk and Compliance
13,736   0
03/29/2020 Scott W. Anderson
EVP & Chief Servicing Officer
4,870   Derivative/Non-derivative trans. at $0.57 per share. 2,775
03/29/2020 John V. Britti
EVP & Chief Investment Officer
5,501   Derivative/Non-derivative trans. at $0.57 per share. 3,135
03/29/2020 Arthur C. Walker
SVP, Global Tax
2,892   Derivative/Non-derivative trans. at $0.57 per share. 1,648
03/29/2020 Joseph J. Samarias
EVP & General Counsel
2,100   Derivative/Non-derivative trans. at $0.57 per share. 1,197
03/29/2020 Scott W. Anderson
EVP & Chief Servicing Officer
27,472   Derivative/Non-derivative trans. at $0 per share. 0
03/29/2020 Scott W. Anderson
EVP & Chief Servicing Officer
20,000   Derivative/Non-derivative trans. at $0 per share. 0
03/29/2020 John V. Britti
EVP & Chief Investment Officer
24,725   Derivative/Non-derivative trans. at $0 per share. 0
03/29/2020 John V. Britti
EVP & Chief Investment Officer
18,125   Derivative/Non-derivative trans. at $0 per share. 0
03/29/2020 Arthur C. Walker
SVP, Global Tax
9,714   Derivative/Non-derivative trans. at $0 per share. 0
03/29/2020 Arthur C. Walker
SVP, Global Tax
11,875   Derivative/Non-derivative trans. at $0 per share. 0
03/29/2020 Timothy J. Yanoti
EVP & Chief Growth Officer
45,787   Derivative/Non-derivative trans. at $0 per share. 0
03/29/2020 Joseph J. Samarias
EVP & General Counsel
18,315   Derivative/Non-derivative trans. at $0 per share. 0
03/29/2020 Joseph J. Samarias
EVP & General Counsel
8,625   Derivative/Non-derivative trans. at $0 per share. 0
03/29/2020 Albert J. Celini
Chief Risk and Compliance
13,736   Derivative/Non-derivative trans. at $0 per share. 0
03/06/2020 Glen A. Messina
President & CEO; Director
56,300   Acquisition at $1.1 per share. 61,930
03/06/2020 Jacques J. Busquet
Director
20,000   Acquisition at $1.1 per share. 22,000
03/06/2020 June C. Campbell
EVP & Chief Financial Officer
13,888   Acquisition at $1.09 per share. 15,137
03/05/2020 Glen A. Messina
President & CEO; Director
50,000   Acquisition at $1.12 per share. 56,000
03/05/2020 Timothy J. Yanoti
EVP & Chief Growth Officer
8,000   Acquisition at $1.07 per share. 8,560
03/05/2020 Dennis Zeleny
EVP & Chief Admin Officer
5,000   Acquisition at $1.07 per share. 5,350
/news/latest/company/us/ocn

MarketWatch News on OCN

  1. Ocwen Financial started at buy with $50 stock price target at B. Riley

    10:41 a.m. Sept. 9, 2021

    - Tomi Kilgore

  2. Ocwen Financial to seek permission from shareholders for reverse stock split

    5:55 a.m. April 3, 2020

    - Ciara Linnane

  3. Ocwen Financial can no longer reaffirm financial guidance

    5:56 a.m. April 3, 2020

    - Ciara Linnane

  4. Ocwen Financial says it has about $264 mln in unrestricted cash, expects to comply with covenants

    5:48 a.m. April 3, 2020

    - Ciara Linnane

  5. Ocwen Financial says it intends to keep pay levels and cost of living adjustments for all workers

    5:48 a.m. April 3, 2020

    - Ciara Linnane

  6. Ocwen Financial says it has not laid off or furloughed any employees over coroanvirus

    5:47 a.m. April 3, 2020

    - Ciara Linnane

  7. SEC charges executive of mortgage servicer with insider trading

    3:39 p.m. Sept. 28, 2018

    - Francine McKenna

  8. Ten Bonds With Prices Higher Than Tesla’s

    3:33 p.m. Sept. 10, 2018

    - Barron's Online

  9. Mulvaney’s first fine at CFPB is second-largest in history of agency

    10:03 a.m. April 21, 2018

    - Francine McKenna

  10. Ocwen to buy PHH in search of economies of scale

    9:34 a.m. Feb. 28, 2018

    - Andrea Riquier

  11. New Residential Falls as Mortgage Rates Head Lower

    12:35 p.m. June 20, 2017

    - Barrons Blogs

  12. Calpers Trims Stakes in FANG Stocks, Apple

    8:31 a.m. May 18, 2017

    - Barron's Online

  13. Charting the Market

    11:52 p.m. April 21, 2017

    - Barron's Online

  14. Mortgage REITs Soar—Even as Rates Rise

    11:51 p.m. April 21, 2017

    - Barron's Online

  15. Loading more headlines...
/news/nonmarketwatch/company/us/ocn

Other News on OCN

  1. 10-Q: OCWEN FINANCIAL CORP

    3:46 p.m. Nov. 3, 2022

    - Edgar Online - (EDG = 10Q, 10K)

  2. HUDI and VAPO among mid-day movers

    12:06 p.m. Nov. 3, 2022

    - Seeking Alpha

  3. Ocwen Financial Q3 2022 Earnings Preview

    12:28 p.m. Nov. 2, 2022

    - Seeking Alpha

  4. Ocwen Financial (OCN) Q2 2022 Earnings Call Transcript

    1:31 a.m. Aug. 5, 2022

    - Motley Fool

  5. Ocwen Financial GAAP EPS of $1.12

    5:48 a.m. Aug. 4, 2022

    - Seeking Alpha

  6. Notable earnings before Thursday's open

    9:45 a.m. Aug. 3, 2022

    - Seeking Alpha

  7. Ocwen authorizes $50M share repurchase program

    5:55 a.m. May 23, 2022

    - Seeking Alpha

  8. Loading more headlines...

At a Glance

Ocwen Financial Corp.

1661 Worthington Road

Suite 100

West Palm Beach, Florida 33409

Phone

1 5616828000

Industry

Mortgages

Sector

Financial Services

Fiscal Year-end

12/2022

Revenue

$1.05B

Net Income

$18.08M

Employees

5,700

/news/pressrelease/company/us/ocn

Press Releases on OCN

  1. Ocwen Financial Announces Third Quarter 2022 Results

    5:45 a.m. Nov. 3, 2022

    - GlobeNewswire

  2. Ocwen Financial Announces Second Quarter 2022 Results

    5:45 a.m. Aug. 4, 2022

    - GlobeNewswire

  3. Ocwen Financial Announces First Quarter 2022 Results

    5:45 a.m. May 5, 2022

    - GlobeNewswire

  4. Thursday Sector Leaders: Trucking, Credit Services & Lending Stocks

    11:30 a.m. April 28, 2022

    - MarketNewsVideo.com

  5. PHH Mortgage Recognized as a 2021 STAR Performer by Fannie Mae

    4:15 p.m. Feb. 28, 2022

    - GlobeNewswire

  6. PHH Mortgage Honored by Freddie Mac for Superior Loan Servicing

    4:15 p.m. Feb. 23, 2022

    - GlobeNewswire

  7. Loading more headlines...
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