Ocwen Financial Corp (OCN): Today's Featured Banking 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 ( 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.

On the positive front, Popular ( BPOP), up 7.6%, Mid Penn Bancorp ( MPB), up 6.3%, OptimumBank Holdings ( OPHC), up 5.7% and Severn Bancorp ( SVBI), up 4.9% , were all gainers within the banking industry with Credicorp ( BAP) 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).

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