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Ocwen Financial

NYSE:OCN
Snowflake Description

Overvalued with poor track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OCN
NYSE
$323M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Ocwen Financial Corporation, a financial services holding company, originates and services loans in the United States, the United States Virgin Islands, India, and Philippines. The last earnings update was 106 days ago. More info.


Add to Portfolio Compare Print
  • Ocwen Financial has significant price volatility in the past 3 months.
OCN Share Price and Events
7 Day Returns
19.3%
NYSE:OCN
2.9%
US Mortgage
2.3%
US Market
1 Year Returns
-31.9%
NYSE:OCN
-5.9%
US Mortgage
0.9%
US Market
OCN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ocwen Financial (OCN) 19.3% 29.6% 3.9% -31.9% -59.4% -93.4%
US Mortgage 2.9% 7.7% 10.7% -5.9% 36.8% 34.8%
US Market 2.3% 4.2% 5.6% 0.9% 43.6% 40.9%
1 Year Return vs Industry and Market
  • OCN underperformed the Mortgage industry which returned -5.9% over the past year.
  • OCN underperformed the Market in United States of America which returned 0.9% over the past year.
Price Volatility
OCN
Industry
5yr Volatility vs Market

OCN Value

 Is Ocwen Financial undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Ocwen Financial. This is due to cash flow or dividend data being unavailable. The share price is $2.41.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ocwen Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ocwen Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:OCN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-0.85
NYSE:OCN Share Price ** NYSE (2019-02-19) in USD $2.41
United States of America Mortgage Industry PE Ratio Median Figure of 136 Publicly-Listed Mortgage Companies 15.2x
United States of America Market PE Ratio Median Figure of 3,044 Publicly-Listed Companies 17.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ocwen Financial.

NYSE:OCN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:OCN Share Price ÷ EPS (both in USD)

= 2.41 ÷ -0.85

-2.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ocwen Financial is loss making, we can't compare its value to the US Mortgage industry average.
  • Ocwen Financial is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Ocwen Financial's expected growth come at a high price?
Raw Data
NYSE:OCN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
47.7%per year
United States of America Mortgage Industry PEG Ratio Median Figure of 52 Publicly-Listed Mortgage Companies 1.11x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.41x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Ocwen Financial, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ocwen Financial's assets?
Raw Data
NYSE:OCN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $4.18
NYSE:OCN Share Price * NYSE (2019-02-19) in USD $2.41
United States of America Mortgage Industry PB Ratio Median Figure of 145 Publicly-Listed Mortgage Companies 1.14x
United States of America Market PB Ratio Median Figure of 5,132 Publicly-Listed Companies 1.85x
NYSE:OCN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:OCN Share Price ÷ Book Value per Share (both in USD)

= 2.41 ÷ 4.18

0.58x

* Primary Listing of Ocwen Financial.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ocwen Financial is good value based on assets compared to the US Mortgage industry average.
X
Value checks
We assess Ocwen Financial's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. Ocwen Financial has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

OCN Future Performance

 How is Ocwen Financial expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
47.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ocwen Financial expected to grow at an attractive rate?
  • Unable to compare Ocwen Financial's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Ocwen Financial's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
  • Ocwen Financial's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:OCN Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:OCN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 47.7%
NYSE:OCN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 3.6%
United States of America Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 6.8%
United States of America Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:OCN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:OCN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 1,109 -14 2
2019-12-31 1,144 -136 2
2018-12-31 1,043 -128 2
NYSE:OCN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 1,029 298 -113
2018-06-30 1,075 326 -78
2018-03-31 1,133 422 -93
2017-12-31 1,195 412 -128
2017-09-30 1,242 530 -94
2017-06-30 1,317 585 -78
2017-03-31 1,378 423 -121
2016-12-31 1,387 475 -200
2016-09-30 1,426 158 -414
2016-06-30 1,471 219 -490
2016-03-31 1,561 397 -393
2015-12-31 1,741 582 -247

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ocwen Financial is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Ocwen Financial's revenue is expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:OCN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Ocwen Financial Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:OCN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 -0.11 -0.06 -0.15 2.00
2019-12-31 -1.01 -0.97 -1.05 2.00
2018-12-31 -0.96 -0.92 -0.99 2.00
NYSE:OCN Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -0.85
2018-06-30 -0.59
2018-03-31 -0.72
2017-12-31 -1.01
2017-09-30 -0.75
2017-06-30 -0.63
2017-03-31 -0.98
2016-12-31 -1.61
2016-09-30 -3.33
2016-06-30 -3.93
2016-03-31 -3.14
2015-12-31 -1.97

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Ocwen Financial will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Ocwen Financial's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ocwen Financial has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

OCN Past Performance

  How has Ocwen Financial performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ocwen Financial's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ocwen Financial does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Ocwen Financial's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Ocwen Financial's 1-year growth to the US Mortgage industry average as it is not currently profitable.
Earnings and Revenue History
Ocwen Financial's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ocwen Financial Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:OCN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 1,028.89 -112.91 620.07
2018-06-30 1,075.25 -78.02 657.63
2018-03-31 1,132.97 -92.69 718.99
2017-12-31 1,194.58 -127.97 754.95
2017-09-30 1,241.71 -93.93 689.31
2017-06-30 1,316.52 -78.28 748.22
2017-03-31 1,378.27 -121.16 794.91
2016-12-31 1,387.16 -199.76 834.95
2016-09-30 1,425.72 -413.56 943.56
2016-06-30 1,471.21 -489.82 945.69
2016-03-31 1,561.41 -392.70 950.70
2015-12-31 1,741.10 -247.02 959.07
2015-09-30 1,871.93 -544.65 994.48
2015-06-30 1,980.69 -553.97 1,090.75
2015-03-31 2,070.51 -497.75 1,049.51
2014-12-31 2,111.33 -472.60 1,018.43
2014-09-30 2,173.99 183.55 916.96
2014-06-30 2,191.53 314.47 794.15
2014-03-31 2,182.88 311.56 830.70
2013-12-31 2,038.27 298.40 812.27
2013-09-30 1,718.91 229.32 664.53
2013-06-30 1,420.37 225.99 515.29
2013-03-31 1,087.32 207.77 329.02
2012-12-31 845.20 180.78 241.09
2012-09-30 765.24 125.23 213.04
2012-06-30 655.00 94.06 191.99
2012-03-31 549.47 75.61 163.77

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Ocwen Financial has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Ocwen Financial used its assets more efficiently than the US Mortgage industry average last year based on Return on Assets.
  • It is difficult to establish if Ocwen Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Ocwen Financial's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ocwen Financial has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

OCN Health

 How is Ocwen Financial's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Ocwen Financial's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ocwen Financial Company Filings, last reported 4 months ago.

NYSE:OCN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 560.74 7,310.97 260.50
2018-06-30 601.18 7,227.21 235.08
2018-03-31 632.34 7,222.53 295.76
2017-12-31 546.87 7,086.88 264.39
2017-09-30 589.42 6,815.06 305.27
2017-06-30 580.25 6,694.73 264.45
2017-03-31 623.43 6,596.00 284.62
2016-12-31 655.28 6,319.14 263.00
2016-09-30 663.39 6,203.23 275.15
2016-06-30 653.15 6,083.09 233.69
2016-03-31 738.47 5,921.42 280.51
2015-12-31 854.64 5,781.23 257.27
2015-09-30 1,080.46 5,894.43 468.68
2015-06-30 1,145.03 6,125.22 320.08
2015-03-31 1,121.54 6,442.99 242.33
2014-12-31 1,041.17 6,432.58 135.54
2014-09-30 1,614.44 6,109.56 299.16
2014-06-30 1,918.08 5,971.84 259.47
2014-03-31 1,936.93 5,688.81 242.39
2013-12-31 1,872.95 5,409.46 178.51
2013-09-30 1,801.37 2,967.26 357.49
2013-06-30 1,881.74 4,570.97 439.75
2013-03-31 1,806.13 4,992.74 663.41
2012-12-31 1,764.79 3,629.42 220.13
2012-09-30 1,523.21 2,473.33 272.52
2012-06-30 1,469.57 3,765.85 130.53
2012-03-31 1,426.01 2,924.24 686.70
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Unable to establish if Ocwen Financial has an acceptable proportion of non-loan assets without balance sheet data.
  • Unable to establish if Ocwen Financial's liabilities are primarily made up of low risk funding sources without deposits or liabilities data.
  • Ocwen Financial reports no customer deposits, loans are made up entirely of borrowed funds.
  • Ocwen Financial's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if Ocwen Financial has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if Ocwen Financial has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess Ocwen Financial's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ocwen Financial has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

OCN Dividends

 What is Ocwen Financial's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Ocwen Financial dividends.
If you bought $2,000 of Ocwen Financial shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Ocwen Financial's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ocwen Financial's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:OCN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 97 Stocks 3.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:OCN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
2018-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Ocwen Financial has not reported any payouts.
  • Unable to verify if Ocwen Financial's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ocwen Financial's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ocwen Financial has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Ocwen Financial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ocwen Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ocwen Financial has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

OCN Management

 What is the CEO of Ocwen Financial's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Glen Messina
AGE 56
TENURE AS CEO 0.3 years
CEO Bio

Mr. Glen A. Messina serves as the President, CEO and Director of Ocwen Financial Corp. since October 4, 2018. Mr. Messina was Consultant of PHH Corporation since June 28, 2017. Mr. Messina served as the Chief Executive Officer and President of PHH Mortgage Corporation since July 21, 2014. He served as Chief Executive Officer and President of PHH Corporation from January 4, 2012 to June 28, 2017. He served as the Chief Operating officer of PHH Corporation from July 13, 2011 to December 2011. Mr. Messina served as the Chief Executive Officer of the Chemicals & Monitoring Solutions business at GE Infrastructure Water & Process Technologies, Inc. His previous leadership roles at GE included Chief Financial Officer of its $6.9 billion equipment services business, Chief Executive Officer and Chief Financial Officer of GE's mortgage services business, which was one of the top ten mortgage lenders in the United States. He has more than 25 years of management experience, including 17 years at General Electric Company (GE). He served as a Director of PHH Corporation from January 4, 2012 to June 28, 2017. Mr. Messina earned a BS in Marketing from Ramapo College and an MBA in Finance from Fairleigh Dickinson University.

CEO Compensation
  • Insufficient data for Glen to compare compensation growth.
  • Insufficient data for Glen to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Ocwen Financial management team in years:

4.7
Average Tenure
55
Average Age
  • The tenure for the Ocwen Financial management team is about average.
Management Team

John Britti

TITLE
Executive VP & Chief Investment Officer
COMPENSATION
$913K
AGE
58
TENURE
4.7 yrs

Scott Anderson

TITLE
Executive VP & Chief Servicing Officer
COMPENSATION
$1M
AGE
49
TENURE
10.1 yrs

Arthur Walker

TITLE
Senior Vice President
COMPENSATION
$1M
AGE
47
TENURE
5.5 yrs

Glen Messina

TITLE
CEO, President & Director
AGE
56
TENURE
0.3 yrs

Catherine Dondzila

TITLE
Senior VP
AGE
55
TENURE
0.6 yrs

Michael Short

TITLE
Vice President of Business Development and Investor Relations

Stephen Swett

TITLE
Investors Contact

Timothy Hayes

TITLE
Executive VP & General Counsel
COMPENSATION
$2M
AGE
62
TENURE
5.8 yrs

Albert Celini

TITLE
Senior VP
AGE
55
TENURE
0.3 yrs

Edward Moran

TITLE
Senior VP of Human Resources
Board of Directors Tenure

Average tenure and age of the Ocwen Financial board of directors in years:

3
Average Tenure
63
Average Age
  • The tenure for the Ocwen Financial board of directors is about average.
Board of Directors

Phyllis Caldwell

TITLE
Non-Executive Chairwoman
COMPENSATION
$373K
AGE
58
TENURE
2.9 yrs

Glen Messina

TITLE
CEO, President & Director
AGE
56
TENURE
0.3 yrs

Robert Salcetti

TITLE
Director
COMPENSATION
$265K
AGE
63
TENURE
8.1 yrs

Buster Soaries

TITLE
Director
COMPENSATION
$253K
AGE
67
TENURE
4.1 yrs

Alan Bowers

TITLE
Director
COMPENSATION
$335K
AGE
63
TENURE
3.8 yrs

Jacques Busquet

TITLE
Director
COMPENSATION
$310K
AGE
69
TENURE
3.1 yrs

Bob Lipstein

TITLE
Director
COMPENSATION
$224K
AGE
62
TENURE
1.9 yrs

Carol Galante

TITLE
Director
COMPENSATION
$288K
AGE
63
TENURE
3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Ocwen Financial insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
15. Feb 19 Buy Omega Advisors, Inc. Company 28. Jan 19 29. Jan 19 250,007 $1.67 $417,436
15. Feb 19 Buy Omega Advisors, Inc. Company 07. Feb 19 07. Feb 19 25,000 $1.70 $42,500
28. Dec 18 Buy DeForest Soaries Individual 15. Jul 15 15. Jul 15 300 $10.83 $3,249
28. Dec 18 Buy DeForest Soaries Individual 06. Feb 15 06. Feb 15 700 $8.76 $6,132
08. Dec 18 Sell Omega Advisors, Inc. Company 07. Dec 18 07. Dec 18 -1,325,666 $1.79 $-2,372,733
06. Dec 18 Sell Omega Advisors, Inc. Company 03. Dec 18 06. Dec 18 -425,000 $2.05 $-828,048
02. Mar 18 Buy Omega Advisors, Inc. Company 28. Feb 18 02. Mar 18 539,798 $3.59 $1,923,882
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Management checks
We assess Ocwen Financial's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ocwen Financial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

OCN News

Simply Wall St News

Do Directors Own Ocwen Financial Corporation (NYSE:OCN) Shares?

Generally speaking, as a company grows, institutions will increase their ownership. … Ocwen Financial is not a large company by global standards. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Who Are The Major Shareholders Of Ocwen Financial Corporation (NYSE:OCN)?

I am going to take a deep dive into Ocwen Financial Corporation’s (NYSE:OCN) most recent ownership structure, not a frequent subject of discussion among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

What Is Ocwen Financial Corporation's (NYSE:OCN) Share Price Doing?

Ocwen Financial Corporation (NYSE:OCN), operating in the financial services industry based in United States,. … A question to answer is whether Ocwen Financial's current trading price of $4.13 reflective of the actual value of the? … Let’s take a look at Ocwen Financial’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

When Will Ocwen Financial Corporation (NYSE:OCN) Breakeven?

Ocwen Financial Corporation's (NYSE:OCN):. … Ocwen Financial Corporation, a financial services holding company, originates and services loans in the United States, the United States Virgin Islands, India, and Philippines. … The US$573.15m market-cap company’s loss lessens since it announced a -US$127.97m bottom-line in the full financial year, compared to the latest trailing-twelve-month loss of -US$92.69m, as it approaches breakeven.

Simply Wall St -

Is It Time To Buy Ocwen Financial Corporation (NYSE:OCN)?

I find that Ocwen Financial’s ratio of 0.83x is trading slightly below its industry peers’ ratio of 1.18x, which means if you buy Ocwen Financial today, you’d be paying a relatively fair price for it. … And if you believe Ocwen Financial should be trading in this range, then there isn’t much room for the share price grow beyond what it’s currently trading. … This is because Ocwen Financial’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market.

Simply Wall St -

OCN Company Info

Map
Description

Ocwen Financial Corporation, a financial services holding company, originates and services loans in the United States, the United States Virgin Islands, India, and Philippines. Its Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset management services to owners of mortgage loans and foreclosed real estate. This segment’s residential servicing portfolio includes conventional, government insured, and non-agency loans. The company’s Lending segment originates and purchases conventional and government-insured residential forward and reverse mortgage loans primarily through its correspondent lending arrangements, broker relationships, and directly with mortgage customers. The company also provides short-term inventory-secured loans to independent used car dealers to finance their inventory. Ocwen Financial Corporation was founded in 1988 and is headquartered in West Palm Beach, Florida.

Details
Name: Ocwen Financial Corporation
OCN
Exchange: NYSE
Founded: 1988
$322,728,944
133,912,425
Website: http://www.ocwen.com
Address: Ocwen Financial Corporation
1661 Worthington Road,
Suite 100,
West Palm Beach,
Florida, 33409,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE OCN Common Stock New York Stock Exchange US USD 25. Sep 1996
DB OW0 Common Stock Deutsche Boerse AG DE EUR 25. Sep 1996
LSE 0KAS Common Stock London Stock Exchange GB USD 25. Sep 1996
Number of employees
Current staff
Staff numbers
6,400
Ocwen Financial employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/20 04:39
End of day share price update: 2019/02/19 00:00
Last estimates confirmation: 2019/01/14
Last earnings filing: 2018/11/06
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.