Velocity Financial, Inc. (VEL)
| Market Cap | 546.51M |
| Revenue (ttm) | 171.75M |
| Net Income (ttm) | 51.52M |
| Shares Out | 32.40M |
| EPS (ttm) | 1.52 |
| PE Ratio | 11.10 |
| Forward PE | 10.42 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 8,786 |
| Open | 17.00 |
| Previous Close | 16.87 |
| Day's Range | 16.61 - 17.17 |
| 52-Week Range | 8.42 - 19.08 |
| Beta | 1.04 |
| Analysts | Buy |
| Price Target | 18.30 (+8.48%) |
| Earnings Date | May 2, 2024 |
About VEL
Velocity Financial, Inc. operates as a real estate finance company in the United States. It originates, securitizes, and manages a portfolio of loans, which are secured by first 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. The company also fina... [Read more]
Financial Performance
In 2023, VEL's revenue was $171.75 million, an increase of 61.54% compared to the previous year's $106.32 million. Earnings were $51.52 million, an increase of 62.42%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for VEL stock is "Buy." The 12-month stock price forecast is $18.3, which is an increase of 8.48% from the latest price.
News
Velocity Financial, Inc. Announces Date of First Quarter 2024 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 2024 results after the m...
Velocity Financial, Inc. Corrects Typographical Error in Fourth Quarter and Full-Year 2023 Results
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), filed its fourth quarter and full year 2023 results on March 7, 2024. It has recently come to ...
Velocity Financial, Inc. Reports Fourth Quarter and Full-Year 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 $52.3 million and core net income ...
Velocity Financial, Inc. Announces Issuance of $75 Million of Senior Secured Notes
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL), (“Velocity” or the “Company”), a leader in business purpose loans, today announced the issuance of $75 million principa...
Velocity Financial, Inc. Announces Date of Fourth Quarter and Full-Year 2023 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 2023 resu...
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...