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.

On the negative front, Royal Bancshares of Pennsylvania ( RBPAA), down 14.2%, OptimumBank Holdings ( OPHC), down 9%, CMS Bancorp ( CMSB), down 7.5%, and Green Bankshares ( GRNB), down 7.3%, were all losers within the banking industry with Deutsche Bank ( DB) being today's banking industry loser.

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).

null

More from Markets

Dow Rises for First Time in 9 Days, Oil Jumps as OPEC Agrees to Boost Output

Dow Rises for First Time in 9 Days, Oil Jumps as OPEC Agrees to Boost Output

German Automakers Slump After Trump Tweets New Tariff Threat

German Automakers Slump After Trump Tweets New Tariff Threat

Chipotle Rises After Wedbush Lifts Price Target

Chipotle Rises After Wedbush Lifts Price Target

Crude Rises on OPEC Deal That Doesn't Specify Output Boost

Crude Rises on OPEC Deal That Doesn't Specify Output Boost

Video: Stock Investors Shouldn't Fret About Oil Prices in the $60s

Video: Stock Investors Shouldn't Fret About Oil Prices in the $60s