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
| 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 |
MarketWatch News on OCN
-
Ocwen Financial started at buy with $50 stock price target at B. Riley
- Tomi Kilgore
-
Ocwen Financial to seek permission from shareholders for reverse stock split
- Ciara Linnane
-
Ocwen Financial can no longer reaffirm financial guidance
- Ciara Linnane
-
Ocwen Financial says it has about $264 mln in unrestricted cash, expects to comply with covenants
- Ciara Linnane
-
Ocwen Financial says it intends to keep pay levels and cost of living adjustments for all workers
- Ciara Linnane
-
Ocwen Financial says it has not laid off or furloughed any employees over coroanvirus
- Ciara Linnane
-
SEC charges executive of mortgage servicer with insider trading
- Francine McKenna
-
Ten Bonds With Prices Higher Than Tesla’s
- Barron's Online
-
Mulvaney’s first fine at CFPB is second-largest in history of agency
- Francine McKenna
-
Ocwen to buy PHH in search of economies of scale
- Andrea Riquier
-
New Residential Falls as Mortgage Rates Head Lower
- Barrons Blogs
-
Calpers Trims Stakes in FANG Stocks, Apple
- Barron's Online
-
- Barron's Online
-
Mortgage REITs Soar—Even as Rates Rise
- Barron's Online
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Other News on OCN
-
- Edgar Online - (EDG = 10Q, 10K)
-
HUDI and VAPO among mid-day movers
- Seeking Alpha
-
Ocwen Financial stock spikes on improved Q3 loss, Oaktree deal
- Seeking Alpha
-
Ocwen Financial Q3 2022 Earnings Preview
- Seeking Alpha
-
Ocwen Financial (OCN) Q2 2022 Earnings Call Transcript
- Motley Fool
-
Ocwen Financial GAAP EPS of $1.12
- Seeking Alpha
-
Notable earnings before Thursday's open
- Seeking Alpha
-
Ocwen authorizes $50M share repurchase program
- Seeking Alpha
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