KBW Has Outperform On Ocwen Financial Corporation Following Earnings (OCN)

KBW has an Outperform rating and a $13 price target on shares of Ocwen Financial Corporation OCN after it reported earnings. In a note to investors, KBW writes, "Operating EPS of $0.27 grew from $0.21 in 4Q. While reluctant to comment on potential near-term acquisitions, management characterized the broader acquisition environment as very positive. We raise our 2011 EPS estimate to reflect the 1Q results and maintain our forward estimates. Maintain OP." Shares of OCN gained 6 cents yesterday to close at $11.70, a gain of 0.5%.