Velocity Financial, Inc. (VEL)
| Market Cap | 413.03M |
| Revenue (ttm) | 83.48M |
| Net Income (ttm) | 22.57M |
| Shares Out | 32.29M |
| EPS (ttm) | 1.00 |
| PE Ratio | 12.75 |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 28,066 |
| Open | 12.93 |
| Previous Close | 13.00 |
| Day's Range | 12.51 - 13.06 |
| 52-Week Range | 5.55 - 13.80 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 16.00 (+25.1%) |
| Earnings Date | Nov 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.
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 StatementsAnalyst 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.
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?
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...
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...
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.
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...
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...
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...
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.
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?
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 ...
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.
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...
3 Mortgage & Related Services Stocks to Battle Industry Woes
3 Mortgage & Related Services Stocks to Battle Industry Woes
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.
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...
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...
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...
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 ...
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...
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...
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...
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.
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...
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...
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...