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Ocwen Financial Corporation (OCN): Today's Featured Financial Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Ocwen Financial Corporation ( OCN) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day up 0.5%. By the end of trading, Ocwen Financial Corporation rose $1.17 (2.6%) to $46.07 on light volume. Throughout the day, 1,889,344 shares of Ocwen Financial Corporation exchanged hands as compared to its average daily volume of 2,616,900 shares. The stock ranged in a price between $44.75-$46.41 after having opened the day at $45.02 as compared to the previous trading day's close of $44.90. Other companies within the Financial sector that increased today were: Porter Bancorp ( PBIB), up 34.4%, CoStar Group ( CSGP), up 17.2%, Pathfinder Bancorp ( PBHC), up 15.0% and Xoom ( XOOM), up 14.9%.

Ocwen Financial Corporation, through its subsidiaries, engages in the servicing and origination of mortgage loans in the United States and internationally. Ocwen Financial Corporation has a market cap of $6.1 billion and is part of the banking industry. Shares are up 29.2% year to date as of the close of trading on Wednesday. Currently there are 7 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 impressive record of earnings per share growth. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive.

On the negative front, Credit Suisse ( UOIL), down 8.1%, Elbit Imaging ( EMITF), down 7.9%, Plumas Bancorp ( PLBC), down 6.7% and Brookfield Residential Properties ( BRP), down 5.5% , were all laggards within the financial sector with Credit Suisse Group ( CS) being today's financial sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

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