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

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 lower today making it today's featured Financial laggard. The sector as a whole closed the day up 0.5%. By the end of trading, Ocwen Financial Corporation fell $1.30 (-3.3%) to $38.00 on average volume. Throughout the day, 2,833,621 shares of Ocwen Financial Corporation exchanged hands as compared to its average daily volume of 2,211,900 shares. The stock ranged in price between $37.93-$39.17 after having opened the day at $39.00 as compared to the previous trading day's close of $39.30. Other companies within the Financial sector that declined today were: Direxion Daily Gold Miners Bear 3X Shares ( DUST), down 12.6%, Manning & Napier ( MN), down 9.2%, Credit Suisse ( DGAZ), down 8.2% and PowerShares DB Base Metals Short ETN ( BOS), down 7.2%.

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 $5.2 billion and is part of the banking industry. Shares are down 29.1% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Ocwen Financial Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Ocwen Financial Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, expanding profit margins, notable return on equity and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, J.W. Mays ( MAYS), up 20.5%, Patriot National Bancorp ( PNBK), up 14.0%, Stewart Information Services ( STC), up 14.0% and Direxion Daily Gold Miners Bull 3X Shares ( NUGT), up 11.3% , were all gainers within the financial sector with Aon plc ( AON) being today's featured financial sector leader.

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).

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

More from Markets

Is Best Buy Sleeping With the Enemy With Amazon Partnership?

Is Best Buy Sleeping With the Enemy With Amazon Partnership?

Sprint, T-Mobile Might Have to Do More Than Make Promises to Get Deal Approved

Sprint, T-Mobile Might Have to Do More Than Make Promises to Get Deal Approved

Video: The S&P 500 Is Failing to Make New Highs

Video: The S&P 500 Is Failing to Make New Highs

Dow, S&P 500 and Nasdaq Finish Lower as Apple, P&G Slump

Dow, S&P 500 and Nasdaq Finish Lower as Apple, P&G Slump

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists