KBW Comments on Ocwen Financial's Q4 10 Earnings (OCN) - (OCN)

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KBW is out with its report today on Ocwen Financial (NYSE: OCN), commenting on its Q4 10 earnings.In a note to clients, KBW writes, "Operating EPS of $0.21 was down from $0.23 in 3Q. Management highlighted the opportunity for flow business and the creation of a new company that should allow Ocwen to operate with far lesscapital, which we believe would be a positive for Ocwen. We reduce our 2011 EPS estimate to $1.28 and introduce our 2012 EPS estimate of $1.44. Maintain OP."KBW has a $13 PT on OCN.Shares of OCN closed Friday at $10.79.

20-Year Pro Trader Reveals His "MoneyLine"

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