Velocity Financial, Inc. (VEL)
Market Cap | 608.26M |
Revenue (ttm) | 189.43M |
Net Income (ttm) | 58.07M |
Shares Out | 32.99M |
EPS (ttm) | 1.70 |
PE Ratio | 10.85 |
Forward PE | 10.80 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 30,122 |
Open | 18.20 |
Previous Close | 18.06 |
Day's Range | 17.76 - 18.67 |
52-Week Range | 10.57 - 19.90 |
Beta | 1.05 |
Analysts | Buy |
Price Target | 19.00 (+3.04%) |
Earnings Date | Aug 1, 2024 |
About VEL
Velocity Financial, Inc. operates as a real estate finance company in the United States. It originates, securitizes, and manages a portfolio of loans, which are secured by first mortgage liens on income-producing and/or owner/user commercial properties, including investor 1-4, a non-owner occupied residential rental properties with 1-4 units; residential apartments combined with office or retail space; and multi-family comprising traditional apartment buildings, condominiums, and other residential properties with 5+ units. The company also fina... [Read more]
Financial Performance
In 2023, VEL's revenue was $171.75 million, an increase of 61.54% compared to the previous year's $106.32 million. Earnings were $51.52 million, an increase of 62.42%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for VEL stock is "Buy." The 12-month stock price forecast is $19.0, which is an increase of 3.04% from the latest price.
News
![](https://cdn.snapi.dev/images/v1/y/v/press11-2473204.jpg)
Velocity Commercial Capital Securitization Ratings Affirmed and Upgraded by Kroll Bond Rating Agency
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL), (“Velocity” or the “Company”), a leader in business purpose loans, today announced that Kroll Bond Rating Agency (“KBRA...
![](https://cdn.snapi.dev/images/v1/p/s/press7-2407690.jpg)
Velocity Financial, Inc. Reports First Quarter 2024 Results
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company), a leader in business purpose loans, reported net income of $17.3 million and core net income ...
![](https://cdn.snapi.dev/images/v1/k/9/conf17-2375714.jpg)
Velocity Financial, Inc. Announces Date of First Quarter 2024 Financial Results Webcast and Conference Call
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in commercial investor loans, will release its first quarter 2024 results after the m...
![](https://cdn.snapi.dev/images/v1/z/n/press15-2315323.jpg)
Velocity Financial, Inc. Corrects Typographical Error in Fourth Quarter and Full-Year 2023 Results
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), filed its fourth quarter and full year 2023 results on March 7, 2024. It has recently come to ...
![](https://cdn.snapi.dev/images/v1/b/o/press5-2314297.jpg)
Velocity Financial, Inc. Reports Fourth Quarter and Full-Year 2023 Results
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company), a leader in business purpose loans, reported net income of $52.3 million and core net income ...
![](https://cdn.snapi.dev/images/v1/i/2/press16-2261989.jpg)
Velocity Financial, Inc. Announces Issuance of $75 Million of Senior Secured Notes
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL), (“Velocity” or the “Company”), a leader in business purpose loans, today announced the issuance of $75 million principa...
![](https://cdn.snapi.dev/images/v1/k/g/conf18-2252944.jpg)
Velocity Financial, Inc. Announces Date of Fourth Quarter and Full-Year 2023 Financial Results Webcast and Conference Call
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in commercial investor loans, will release its fourth quarter and full-year 2023 resu...
![](https://cdn.snapi.dev/images/v1/p/t/press3-2137701.jpg)
Velocity Financial, Inc. Reports Third Quarter 2023 Results
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company), a leader in business purpose loans, reported net income of $12.1 million and core net income ...
![](https://cdn.snapi.dev/images/v1/j/p/conf7-2113097.jpg)
Velocity Financial, Inc. Announces Date of Third Quarter 2023 Financial Results Webcast and Conference Call
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in business purpose loans, will release its third quarter 2023 results after the mark...
![](https://cdn.snapi.dev/images/v1/g/v/press8-2005844.jpg)
Velocity Financial, Inc. Reports Second Quarter 2023 Results
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company), a leader in business purpose loans, reported net income of $12.2 million and core net income ...
![](https://cdn.snapi.dev/images/v1/x/a/conf5-1981425.jpg)
Velocity Financial, Inc. Announces Date of Second Quarter 2023 Financial Results Webcast and Conference Call
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in business purpose loans, will release its second quarter 2023 results after the mar...
![](https://cdn.snapi.dev/images/v1/p/x/press1-1931780.jpg)
Velocity Commercial Capital Securitization Ratings Upgraded and Affirmed by Kroll Bond Rating Agency
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL), (“Velocity” or the “Company”), a leader in business purpose loans, today announced that Kroll Bond Rating Agency (“KBRA...
![](https://cdn.snapi.dev/images/v1/6/r/press17-1872948.jpg)
Velocity Financial, Inc. Reports First Quarter 2023 Results
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company), a leader in business purpose loans, reported net income of $10.6 million and core net income ...
![](https://cdn.snapi.dev/images/v1/x/7/conf11-1847100.jpg)
Velocity Financial, Inc. Announces Date of First Quarter 2023 Financial Results Webcast and Conference Call
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in business purpose loans, will release its first quarter 2023 results after the mark...
![](https://cdn.snapi.dev/images/v1/w/x/press4-1790522.jpg)
Velocity Financial, Inc. Reports Fourth Quarter and Full-Year 2022 Results
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company) reported net income of $32.2 million and core net income of $42.2 million for the full-year 20...
![](https://cdn.snapi.dev/images/v1/x/q/press16-1752834.jpg)
Century Health & Housing Capital Automates Ginnie Mae Reporting with SS&C
Licensed Ginnie Mae issuer/servicer implements SS&C Precision LM loan servicing software in 90 days WINDSOR, Conn. , Feb. 14, 2023 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today...
![](https://cdn.snapi.dev/images/v1/a/y/conf16-1735472.jpg)
Velocity Financial, Inc. Announces Date of Fourth Quarter and Full-Year 2022 Financial Results Webcast and Conference Call
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in commercial investor loans, will release its fourth quarter and full-year 2022 re...
![](https://cdn.snapi.dev/images/v1/l/o/press4-1618011.jpg)
Velocity Financial, Inc. Reports Third Quarter 2022 Results
WESTLAKE VILLAGE, Calif.
![](https://cdn.snapi.dev/images/v1/4/s/conf9-1596170.jpg)
Velocity Financial, Inc. Announces Date of Third Quarter 2022 Financial Results Webcast and Conference Call
WESTLAKE VILLAGE, Calif.
![](https://cdn.snapi.dev/images/v1/q/x/press3-1488959.jpg)
Velocity Financial, Inc. Reports Second Quarter 2022 Results
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company) reported net income and core net income of $10.6 million for 2Q22, compared to net income of $...
![](https://cdn.snapi.dev/images/v1/u/s/conf1-1469667.jpg)
Velocity Financial, Inc. Announces Date of Second Quarter 2022 Financial Results Webcast and Conference Call
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in commercial investor loans, will release its second quarter 2022 results after the ...
![](https://cdn.snapi.dev/images/v1/d/m/press9-1434163.jpg)
Velocity Financial Congratulates Mark Szczepaniak on Being Named Honoree by the Los Angeles Times in the Public Company Small to Mid-Sized Category
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL), (“Velocity” or the “Company”), congratulates its CFO, Mark Szczepaniak, on being chosen as Honoree by the Los Angeles T...
![](https://cdn.snapi.dev/images/v1/p/o/press17-1358426.jpg)
Velocity Financial, Inc. Reports First Quarter 2022 Results
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company) reported net income of $3.1 million and core net income of $12.4 million for 1Q22, compared to...
![](https://cdn.snapi.dev/images/v1/v/y/conf16-1342130.jpg)
Velocity Financial, Inc. Announces Date of First Quarter 2022 Financial Results Webcast and Conference Call
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in commercial investor loans, will release its first quarter 2022 results after the m...
![](https://cdn.snapi.dev/images/v1/q/p/press4-1280213.jpg)
Velocity Financial, Inc. Announces Issuance of $215 Million of Senior Secured Notes
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL), (“Velocity” or the “Company”), a leading provider of small balance investor loans, today announced the issuance of $215...