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Velocity Financial, Inc. (VEL)

NYSE: VEL · IEX Real-Time Price · USD
12.79 -0.21 (-1.62%)
Nov 26, 2021 1:02 PM EST - Market closed
Market Cap413.03M
Revenue (ttm)83.48M
Net Income (ttm)22.57M
Shares Out32.29M
EPS (ttm)1.00
PE Ratio12.75
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume28,066
Open12.93
Previous Close13.00
Day's Range12.51 - 13.06
52-Week Range5.55 - 13.80
Betan/a
AnalystsBuy
Price Target16.00 (+25.1%)
Earnings DateNov 3, 2021

About VEL

Velocity Financial, Inc. operates as a real estate finance company in the United States. The company primarily originates and manages investor loans secured by 1-4 unit residential rental and small commercial properties. It offers its products through a network of independent mortgage brokers. The company was founded in 2004 and is headquartered in Westlake Village, California.

IndustryThrifts & Mortgage Finance
IPO DateJan 17, 2020
Employees175
Stock ExchangeNYSE
Ticker SymbolVEL
Full Company Profile

Financial Performance

In 2020, VEL's revenue was $68.70 million, an increase of 13.51% compared to the previous year's $60.52 million. Earnings were $17.78 million, an increase of 2.80%.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for VEL stock is "Buy." The 12-month stock price forecast is 16.00, which is an increase of 25.10% from the latest price.

Price Target
$16.00
(25.10% upside)
Analyst Consensus: Buy

News

Velocity Financial (VEL) Q3 Earnings and Revenues Beat Estimates

Velocity Financial (VEL) delivered earnings and revenue surprises of 9.52% and 14.58%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

3 weeks ago - Zacks Investment Research

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 m...

3 weeks ago - Business Wire

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of an Investigation Concerning Possible Breaches of Fid...

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 d...

3 weeks ago - Newsfile Corp

Velocity Financial (VEL) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Velocity Financial (VEL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

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 th...

1 month ago - Business Wire

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 conversi...

1 month ago - Business Wire

Velocity Financial Announces Closing of $205 Million Securitization; Seventeenth Securitization Since 2011

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL), ("Velocity" or the "Company"), a leading provider of small balance investor loans, today announced that it has closed its...

3 months ago - Business Wire

Earnings Estimates Moving Higher for Velocity Financial (VEL): Time to Buy?

Velocity Financial (VEL) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

3 months ago - Zacks Investment Research

Velocity Financial (VEL) Q2 Earnings and Revenues Beat Estimates

Velocity Financial (VEL) delivered earnings and revenue surprises of 66.67% and 3.09%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Velocity Financial, Inc. Reports Second Quarter 2021 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company) reported net income of $9.45 million and core income of $8.45 million for 2Q21, compared to net ...

3 months ago - Business Wire

Earnings Preview: Velocity Financial (VEL) Q2 Earnings Expected to Decline

Velocity Financial (VEL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

Velocity Financial, Inc. Announces Date of Second 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 se...

4 months ago - Business Wire

3 Mortgage & Related Services Stocks to Battle Industry Woes

3 Mortgage & Related Services Stocks to Battle Industry Woes

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4 months ago - Zacks Investment Research

4 Breakout Stocks You Must Add Right Away to Your Portfolio

The logic behind this strategy for stock selection is to identify stocks that are trading within a narrow band.

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4 months ago - Zacks Investment Research

Velocity Financial Announces Closing of $265 Million Securitization; Sixteenth Securitization Since 2011

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL), ("Velocity" or the "Company"), a leading provider of small balance investor loans, today announced that it has closed its...

6 months ago - Business Wire

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 leading provider of small balance investor loans, today announced that Kroll Bond Rating...

6 months ago - Business Wire

Velocity Financial (VEL) Soars 36.6%: Is Further Upside Left in the Stock?

Velocity Financial (VEL) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down...

6 months ago - Zacks Investment Research

Velocity Financial, Inc. Reports First Quarter 2021 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (“Velocity” or the “Company”) reported net income of $3.40 million and core income of $6.72 million for 1Q21, compared to ...

6 months ago - Business Wire

SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Velocity Financial, Inc. for Potential Breaches of ...

NEW YORK, May 6, 2021 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty clai...

6 months ago - PRNewsWire

Velocity Financial, Inc. Announces Date of First 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 fi...

7 months ago - Business Wire

Velocity Financial, Inc. Announces Fourth Quarter and Full Year 2020 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (“Velocity” or the “Company”) reported net income and core income of $9.6 million for the fourth quarter of 2020 and dilut...

8 months ago - Business Wire

Earnings Preview: Velocity Financial (VEL) Q4 Earnings Expected to Decline

Velocity Financial (VEL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

8 months ago - Zacks Investment Research

Velocity Financial (VEL) Moves 6.1% Higher: Will This Strength Last?

Velocity Financial (VEL) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near t...

8 months ago - Zacks Investment Research

Velocity Financial, Inc. Announces Date of Fourth Quarter 2020 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 fo...

9 months ago - Business Wire

Velocity Financial, Inc. Announces New $175 Million Term Loan Facility and $200 Million Warehouse Facility

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL), (“Velocity” or the “Company”), a leading provider of small balance investor loans, today announced that it has entered in...

9 months ago - Business Wire