Velocity Financial
VEL
Market cap $665M

20.08 USD

+0.13

0.65%

At close Nov 18, 4:00 PM EST

1 day

0.65%

5 days

-1.42%

1 month

2.50%

3 months

10.39%

6 months

14.74%

Year to date

23.42%

1 year

38.48%

5 years

48.63%

10 years

48.63%

About: Velocity Financial Inc is a United States-based real estate finance company. The company originates and manages investor loans secured by residential rental and small commercial properties. The company earns revenue in the form of interest income. It operates in New York, California, Florida, New Jersey, and other states.

Employees: 253

Financials Finance Services

0

Funds holding %

of 6,704 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

1,050% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 2

286% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 7

44% more funds holding

Funds holding: 48 [Q2] → 69 (+21) [Q3]

43% more call options, than puts

Call options by funds: $16M | Put options by funds: $11.2M

10% more capital invested

Capital invested by funds: $582M [Q2] → $640M (+$58.5M) [Q3]

0.26% more ownership

Funds ownership: 98.33% [Q2] → 98.59% (+0.26%) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

See Fund Rankings

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$20

0%

upside

Avg. target

$21

6%

upside

High target

$23

15%

upside

3 analyst ratings

2 positive

67%

0 neutral

0%

1 negative

33%

BTIG Sarah Barcomb 100% 1-year accuracy 7 / 7 met price target	15%upside $23	Buy Maintained	12 Nov 2024
Wells Fargo Donald Fandetti 67% 1-year accuracy 20 / 30 met price target	0%downside $20	Underweight Downgraded	20 Sept 2024
JMP Securities Chris McGinnis 75% 1-year accuracy 3 / 4 met price target	5%upside $21	Market Outperform Reiterated	16 Sept 2024

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about VEL published over the past 30 days

Velocity Financial, Inc. (VEL) Q3 2024 Earnings Call Transcript

Velocity Financial, Inc. (NYSE:VEL ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Chris Oltmann - Director of Investor Relations Chris Farrar - President & CEO Mark Szczepaniak - CFO Conference Call Participants Stephen Laws - Raymond James Don Fandetti - Wells Fargo Steve Delaney - Citizens JMP Securities Eric Hagen - BTIG Operator Good day and welcome to the Velocity Financial Third Quarter 2024 Conference Call. All participants will be in listen-only mode.

Velocity Financial, Inc. (VEL) Q3 2024 Earnings Call Transcript

Zacks Investment Research

Velocity Financial (VEL) Meets Q3 Earnings Estimates

Velocity Financial (VEL) came out with quarterly earnings of $0.47 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.37 per share a year ago.

Velocity Financial (VEL) Meets Q3 Earnings Estimates

Velocity Financial, Inc. Reports Third Quarter 2024 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 $15.8 million and core net income of $16.9 million for 3Q24, compared to net income of $12.1 million and core net income of $12.9 million for 3Q23. Earnings and core earnings per diluted share were $0.44 and $0.47, respectively, for 3Q24, compared to $0.35 and $0.37 for 3Q23. “Velocity continued to expand on this year's considerabl.

Velocity Financial, Inc. Reports Third Quarter 2024 Results

Velocity Financial, Inc. Announces Date of Third 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 third quarter 2024 results after the market close on Thursday, November 7, 2024. Velocity's executive management team will host a conference call and webcast to review its financial results at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day. Webcast Information The conference call will be webcast live in listen-only mod.

Velocity Financial, Inc. Announces Date of Third Quarter 2024 Financial Results Webcast and Conference Call

Zacks Investment Research

Plunge in Mortgage Rates Spurs Refinancing Surge - Consider PFSI, VEL, GHLD

With refinancing activities surging as homeowners seek interest rate relief, stocks such as PennyMac, Velocity Financial and Guild are poised to gain.

Plunge in Mortgage Rates Spurs Refinancing Surge - Consider PFSI, VEL, GHLD

Velocity Financial Should Continue To Do Well

Velocity Financial benefits from bank constraints, showing impressive growth by targeting smaller investors and leveraging its 19-year reputation and automated data analytics systems. The company's growth strategy includes expanding its mortgage broker network, developing new products, and acquiring loan portfolios, supported by a robust funding structure. Despite rising operating costs, Velocity's earnings are strong, with a significant cash flow and an adjusted book value of nearly $17 per share.

Velocity Financial Should Continue To Do Well

Zacks Investment Research

Lower Mortgage Rates Driving Refinancing Activities: Three Stocks to Buy

Investors can consider buying stocks like VEL, ONIT and PFSI with the decline in mortgage rates and an increase in refinancing activities.

Lower Mortgage Rates Driving Refinancing Activities: Three Stocks to Buy

Zacks Investment Research

Is Velocity Financial (VEL) Stock Undervalued 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 value, growth, and momentum trends to underscore strong picks.

Is Velocity Financial (VEL) Stock Undervalued Right Now?

Zacks Investment Research

Top Consumer Loan Stocks to Benefit from Rate Cuts

With the federal funds' interest rate expected to be cut by at least 0.25% in September, investors may want to consider several consumer loan stocks that may benefit.

Top Consumer Loan Stocks to Benefit from Rate Cuts

Zacks Investment Research

Velocity Financial (VEL) Upgraded to Strong Buy: Here's Why

Velocity Financial (VEL) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Velocity Financial (VEL) Upgraded to Strong Buy: Here's Why

See News Rankings

Charts implemented using Lightweight Charts™