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 up 0.8%. By the end of trading, Ocwen Financial Corporation rose $0.72 (1.6%) to $45.90 on average volume. Throughout the day, 2,538,031 shares of Ocwen Financial Corporation exchanged hands as compared to its average daily volume of 2,530,300 shares. The stock ranged in a price between $45.05-$46.84 after having opened the day at $45.17 as compared to the previous trading day's close of $45.18. Other companies within the Banking industry that increased today were: Taylor Capital Group ( TAYC), up 19.0%, Bank Bradesco ( BBDO), up 16.3%, Guaranty Federal ( GFED), up 14.4% and Carolina Trust Bank ( CART), up 9.9%.

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 $5.9 billion and is part of the financial sector. Shares are up 25.1% 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 negative front, Broadway Financial ( BYFC), down 7.1%, Sussex Bancorp ( SBBX), down 6.7%, Plumas Bancorp ( PLBC), down 6.5% and American River Bankshares ( AMRB), down 3.7%.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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