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Ocwen Finl Corp has the Lowest Return on Equity in the Thrifts & Mortgage Finance Industry (OCN, PROV, KRNY, ESSA, BNCL)

By David Diaz

Below are the three companies in the Thrifts & Mortgage Finance industry with the lowest return on equity. The ROE is a general indication of the company's efficiency; investors usually look for companies with ROEs that are high and are growing.

Ocwen Finl Corp ranks lowest with a ROE of -1,481.4%. Provident Fnl Hl is next with a ROE of 134.4%. Kearny Financial ranks third lowest with a ROE of 156.2%.

Essa Bancorp Inc follows with a ROE of 214.5%, and Beneficial Banco rounds out the bottom five with a ROE of 248.0%.

SmarTrend recommended that its subscribers protect gains by selling shares of Ocwen Finl Corp on November 19th, 2019 by issuing a Downtrend alert when the shares were trading at $1.58. Since that call, shares of Ocwen Finl Corp have fallen 7.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: lowest return on equity ocwen finl corp provident fnl hl kearny financial essa bancorp inc beneficial banco