Ocwen Financial Corporation (OCN): Today's Featured Banking Winner
Ocwen Financial Corporation (OCN) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day down 0.7%. By the end of trading, Ocwen Financial Corporation rose 22 cents (1.5%) to $14.91 on light volume. Throughout the day, 545,420 shares of Ocwen Financial Corporation exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in a price between $14.65-$14.97 after having opened the day at $14.69 as compared to the previous trading day's close of $14.69. Other companies within the Banking industry that increased today were: Plumas Bancorp (PLBC), up 17.9%, PremierWest Bancorp (PRWT), up 13%, Jacksonville Bancorp Inc (FL (JAXB), up 12.9%, and Oak Ridge Financial Services (BKOR), up 11.6%. Ocwen Financial Corporation, through its subsidiaries, provides residential and commercial mortgage loan servicing, special servicing, and asset management services in the United States and internationally. Ocwen Financial Corporation has a market cap of $1.95 billion and is part of the financial sector. Currently there are four analysts that rate Ocwen Financial Corporation a buy, no analysts rate it a sell, and none rate it a hold. TheStreet Ratings rates Ocwen Financial Corporation as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and weak operating cash flow.
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