Velocity Financial, Inc. (VEL)
| Market Cap | 480.26M |
| Revenue (ttm) | 152.00M |
| Net Income (ttm) | 42.72M |
| Shares Out | 32.78M |
| EPS (ttm) | 1.26 |
| PE Ratio | 11.63 |
| Forward PE | 9.62 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 28,124 |
| Open | 14.97 |
| Previous Close | 14.85 |
| Day's Range | 14.22 - 15.07 |
| 52-Week Range | 7.81 - 18.05 |
| Beta | 0.91 |
| Analysts | Buy |
| Price Target | 14.13 (-3.55%) |
| Earnings Date | Nov 2, 2023 |
About VEL
Velocity Financial, Inc. operates as a real estate finance company in the United States. The company originates and acquire loans, which is secured by 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. It also finances for retail properties with vari... [Read more]
Financial Performance
In 2022, VEL's revenue was $104.22 million, an increase of 23.41% compared to the previous year's $84.45 million. Earnings were $31.72 million, an increase of 53.72%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for VEL stock is "Buy." The 12-month stock price forecast is $14.13, which is a decrease of -3.55% from the latest price.
News
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 ...
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...
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 ...
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...
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...
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 ...
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...
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...
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...
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...
Velocity Financial, Inc. Reports Third Quarter 2022 Results
WESTLAKE VILLAGE, Calif.
Velocity Financial, Inc. Announces Date of Third Quarter 2022 Financial Results Webcast and Conference Call
WESTLAKE VILLAGE, Calif.
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 $...
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 ...
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...
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...
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...
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...
Velocity Financial, Inc. Reports Fourth Quarter and Full-Year 2021 Results
WESTLAKE VILLAGE, Calif--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company) reported net income of $8.4 million and core net income of $10.1 million for 4Q21, compared to ...
Velocity Financial, Inc. Provides Financial and Operational Update and Announces Date of Fourth Quarter Results Conference Call
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (“Velocity” or the “Company”) (NYSE: VEL), a leading provider of small balance investor loans, today announced a preliminary financi...
Velocity Financial, Inc. Acquires Majority Interest in Century Health & Housing Capital
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (“Velocity” or the “Company”) (NYSE: VEL), a leading provider of small balance investor loans, today announced it has acquired a maj...
Velocity Financial, Inc. Reports Third Quarter 2021 Results
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company) reported net income and core income of $8.02 million for 3Q21, compared to net income of $9.45...
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Velocity Financial, Inc.- VEL
New York, New York--(Newsfile Corp. - November 2, 2021) - Levi & Korsinsky announces it has commenced an investigation of Velocity Financial, Inc. (NYSE: VEL) concerning possible breaches of fiduciary...
Velocity Financial, Inc. Announces Date of Third Quarter 2021 Financial Results Webcast and Conference Call
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in small balance investor loans, announced today that it is scheduled to release its ...
Velocity Financial Announces Conversion of Series A Preferred Stock
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 voluntary conver...