Velocity Financial, Inc. (VEL)

NYSE: VEL · IEX Real-Time Price · USD
11.14
+0.30 (2.77%)
Oct 3, 2022 4:01 PM EDT - Market closed
2.77%
Market Cap 361.11M
Revenue (ttm) 91.04M
Net Income (ttm) 26.19M
Shares Out 32.42M
EPS (ttm) 0.82
PE Ratio 13.59
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 6,597
Open 11.00
Previous Close 10.84
Day's Range 10.82 - 11.15
52-Week Range 9.11 - 14.00
Beta 0.94
Analysts Buy
Price Target 15.05 (+35.1%)
Earnings Date Nov 1, 2022

About VEL

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

Industry Thrifts & Mortgage Finance
IPO Date Jan 17, 2020
Employees 215
Stock Exchange NYSE
Ticker Symbol VEL
Full Company Profile

Financial Performance

In 2021, VEL's revenue was $84.45 million, an increase of 22.93% compared to the previous year's $68.70 million. Earnings were $29.22 million, an increase of 64.39%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for VEL stock is "Buy." The 12-month stock price forecast is 15.05, which is an increase of 35.10% from the latest price.

Price Target
$15.05
(35.10% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Velocity Financial (VEL) Tops Q2 Earnings and Revenue Estimates

Velocity Financial (VEL) delivered earnings and revenue surprises of 3.33% and 3.58%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

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 $9....

1 month ago - Business Wire

3 Stocks to Watch From the Mortgage & Related Services Industry

Despite a rise in mortgage rates and fading origination volumes, WD, VEL, OCN are set to hold ground on robust servicing opportunities and focus on improving operating leverage.

Other symbols: OCNWD
2 months ago - Zacks Investment Research

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 ma...

2 months ago - Business Wire

Velocity Financial (VEL) Soars 7.1%: Is Further Upside Left in the Stock?

Velocity Financial (VEL) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price incr...

2 months ago - Zacks Investment Research

Velocity Financial Congratulates Mark Szczepaniak on Being Named Honoree by the Los Angeles Times in the Public Compa...

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 Tim...

3 months ago - Business Wire

Velocity Financial (VEL) Moves 17.6% Higher: Will This Strength Last?

Velocity Financial (VEL) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price incr...

3 months ago - Zacks Investment Research

Velocity Financial (VEL) Upgraded to Strong Buy: Here's What You Should Know

Velocity Financial (VEL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

3 months ago - Zacks Investment Research

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 ...

3 months ago - Business Wire

Is Velocity Financial (VEL) a Great Value Stock Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

4 months ago - Zacks Investment Research

Wall Street Analysts Think Velocity Financial (VEL) Could Surge 29%: Read This Before Placing a Bet

The average of price targets set by Wall Street analysts indicates a potential upside of 28.6% in Velocity Financial (VEL). While the effectiveness of this highly sought-after metric is questionable, th...

4 months ago - Zacks Investment Research

Velocity Financial (VEL) Surpasses Q1 Earnings Estimates

Velocity Financial (VEL) delivered earnings and revenue surprises of 28.57% and 51.89%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

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 n...

4 months ago - Business Wire

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 mar...

5 months ago - Business Wire

After Plunging 17.2% in 4 Weeks, Here's Why the Trend Might Reverse for Velocity Financial (VEL)

The heavy selling pressure might have exhausted for Velocity Financial (VEL) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street ana...

6 months ago - Zacks Investment Research

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 m...

6 months ago - Business Wire

3 Mortgage & Related Services Players Set to Brave Industry Woes

Despite a rise in mortgage rates and fading origination volumes, WD, ESNT and VEL are set to hold ground on expectations of higher housing demand and portfolio diversity.

Other symbols: ESNTWD
6 months ago - Zacks Investment Research

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 ne...

6 months ago - Business Wire

Velocity Financial, Inc. Provides Financial and Operational Update and Announces Date of Fourth Quarter Results Confe...

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 financial...

8 months ago - Business Wire

Velocity Financial (VEL) Buys Majority Interest in Century

Velocity Financial's (VEL) acquisition of Century will expand the former's commercial mortgage product offerings and augment the ability to offer new products to its broker network.

9 months ago - Zacks Investment Research

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 major...

9 months ago - Business Wire

3 Mortgage & Related Services Stocks to Watch as Mortgage Rates Rise

Portfolio diversity and digitalization will aid players in the Zacks Mortgage & Related Services industry, including WD, EFC and VEL, amid headwinds like rising mortgage rates and home price appreciation.

Other symbols: EFCFMCCWD
10 months ago - Zacks Investment Research

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?

11 months 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...

11 months 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...

11 months ago - Newsfile Corp