Velocity Financial, Inc. (VEL)

NYSE: VEL · IEX Real-Time Price · USD
14.65
-0.20 (-1.35%)
Dec 1, 2023, 4:00 PM EST - Market closed
-1.35%
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]

Sector Financials
IPO Date Jan 17, 2020
Employees 194
Stock Exchange NYSE
Ticker Symbol VEL
Full Company Profile

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 Statements

Analyst 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.

Price Target
$14.13
(-3.55% downside)
Analyst Consensus: Buy
Stock Forecasts

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 ...

4 weeks ago - Business Wire

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...

6 weeks ago - Business Wire

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 ...

4 months ago - Business Wire

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...

4 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 leader in business purpose loans, today announced that Kroll Bond Rating Agency (“KBRA...

6 months ago - Business Wire

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 ...

7 months ago - Business Wire

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...

8 months ago - Business Wire

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...

9 months ago - Business Wire

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...

Other symbols: SSNC
10 months ago - PRNewsWire

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...

10 months ago - Business Wire

Velocity Financial, Inc. Reports Third Quarter 2022 Results

WESTLAKE VILLAGE, Calif.

1 year ago - Business Wire

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 $...

1 year ago - Business Wire

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 ...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year 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 m...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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 ...

1 year ago - Business Wire

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...

2 years ago - Business Wire

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...

2 years ago - Business Wire

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...

2 years ago - Business Wire

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...

2 years ago - Newsfile Corp

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 ...

2 years 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 conver...

2 years ago - Business Wire