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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 ( OCN) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day down 0.3%. By the end of trading, Ocwen Financial fell $0.79 (-2.0%) to $37.80 on light volume. Throughout the day, 2,635,285 shares of Ocwen Financial exchanged hands as compared to its average daily volume of 3,753,700 shares. The stock ranged in price between $37.56-$38.80 after having opened the day at $38.65 as compared to the previous trading day's close of $38.59. Other companies within the Banking industry that declined today were: Pacific Premier Bancorp ( PPBI), down 8.0%, Flagstar Bancorp ( FBC), down 6.1%, Preferred Bank ( PFBC), down 5.9% and Ameriana Bancorp ( ASBI), down 5.7%. Ocwen Financial Corporation, through its subsidiaries, is engaged in the servicing and origination of mortgage loans in the United States and internationally. Ocwen Financial has a market cap of $5.1 billion and is part of the financial sector. Shares are down 30.4% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Ocwen Financial a buy, no analysts rate it a sell, and 1 rates it a hold. TheStreet Ratings rates Ocwen Financial as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and expanding profit margins. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall.
