Ocwen Financial Corporation (OCN): Today's Featured Banking Laggard

Ocwen Financial Corporation was a leading decliner within the banking industry, falling $0.87 (-2.0%) to $42.87 on light volume
By TheStreet Wire ,

Ocwen Financial Corporation

(

OCN

) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Ocwen Financial Corporation fell $0.87 (-2.0%) to $42.87 on light volume. Throughout the day, 1,350,022 shares of Ocwen Financial Corporation exchanged hands as compared to its average daily volume of 2,525,800 shares. The stock ranged in price between $42.72-$44.29 after having opened the day at $43.91 as compared to the previous trading day's close of $43.74. Other companies within the Banking industry that declined today were:

Credit Suisse

(

DOIL

), down 12.4%,

Credit Suisse

(

DGAZ

), down 9.2%,

Severn Bancorp

(

SVBI

), down 7.3% and

WVS Financial

(

WVFC

), down 6.5%.

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 $5.7 billion and is part of the financial sector. Shares are up 26.5% year to date as of the close of trading on Friday. 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 positive front,

National Bank of Greece

(

NBG

), up 19.8%,

Capital City Bank Group

(

CCBG

), up 8.0%,

LSB Financial Corporation

(

LSBI

), up 7.9% and

MetroCorp

(

MCBI

), up 7.2% , were all gainers within the banking industry with

Banco Santander

(

SAN

) being today's featured banking industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider

KBW Bank ETF

(

KBE

) while those bearish on the banking industry could consider

ProShares Short KBW Regional Bankng

(

KRS

).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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