Velocity Financial, Inc.

VEL

US92262D1019

Consumer Lending

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
17.01 ^USD	+0.83%		+2.29%	-1.22%

Mar. 15	Raymond James Raises Velocity Financial's Price Target to $20 From $17.50, Maintains Outperform Rating	MT
Mar. 11	Citigroup Raises Price Target on Velocity Financial to $18 From $17, Maintains Neutral Rating	MT

Velocity Financial, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2023

August 03, 2023 at 04:15 pm EDT

Velocity Financial, Inc. reported earnings results for the second quarter ended June 30, 2023. For the second quarter, the company reported net income was USD 12.18 million compared to USD 10.65 million a year ago. Basic earnings per share from continuing operations was USD 0.37 compared to USD 0.33 a year ago.

Diluted earnings per share from continuing operations was USD 0.36 compared to USD 0.31 a year ago.

Latest news about Velocity Financial, Inc.

Raymond James Raises Velocity Financial's Price Target to $20 From $17.50, Maintains Outperform Rating	Mar. 15	MT
Citigroup Raises Price Target on Velocity Financial to $18 From $17, Maintains Neutral Rating	Mar. 11	MT
BTIG Adjusts Price Target on Velocity Financial to $18 From $17, Maintains Buy Rating	Mar. 11	MT
Wells Fargo Adjusts Velocity Financial's Price Target to $18 From $14, Keeps Overweight Rating	Mar. 08	MT
Transcript : Velocity Financial, Inc., Q4 2023 Earnings Call, Mar 07, 2024	Mar. 07
Earnings Flash (VEL) VELOCITY FINANCIAL Reports Q4 EPS $0.46, vs. Street Est of $0.38	Mar. 07	MT
Velocity Financial, Inc. Announces Impairment Charges for the Fourth Quarter 2023	Mar. 07	CI
Velocity Financial, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Mar. 07	CI
Velocity Financial, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 07	CI
BTIG Adjusts Price Target on Velocity Financial o $17 From $14, Maintains Buy Rating	Dec. 12	MT
Transcript : Velocity Financial, Inc., Q3 2023 Earnings Call, Nov 02, 2023	Nov. 02
Earnings Flash (VEL) VELOCITY FINANCIAL Reports Q3 EPS $0.37, vs. Street Est of $0.35	Nov. 02	MT
Velocity Financial, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2023	Nov. 02	CI
BTIG Initiates Velocity Financial at Buy Rating With $14 Price Target	23-10-23	MT
Citigroup Adjusts Velocity Financial's Price Target to $13 From $14, Keeps Neutral Rating	23-10-06	MT
Raymond James Adjusts Price Target on Velocity Financial to $17.50 From $12.50, Maintains Outperform Rating	23-08-08	MT
Transcript : Velocity Financial, Inc., Q2 2023 Earnings Call, Aug 03, 2023	23-08-03
Earnings Flash (VEL) VELOCITY FINANCIAL Reports Q2 EPS $0.38, vs. Street Est of $0.33	23-08-03	MT
Velocity Financial, Inc. Announces Impairment Charges for the Second Quarter Ended June 30, 2023	23-08-03	CI
Velocity Financial, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2023	23-08-03	CI
Citigroup Adjusts Velocity Financial's Price Target to $12 From $10, Keeps Neutral Rating	23-07-10	MT
Velocity Financial, Inc.(NYSE:VEL) dropped from Russell 2500 Growth Index	23-06-23	CI
Velocity Financial, Inc.(NYSE:VEL) dropped from Russell 2000 Growth Index	23-06-23	CI
Velocity Financial, Inc.(NYSE:VEL) dropped from Russell Small Cap Comp Growth Index	23-06-23	CI
Velocity Financial, Inc.(NYSE:VEL) dropped from Russell Microcap Growth Index	23-06-23	CI

Chart Velocity Financial, Inc.

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Company Profile

Velocity Financial, Inc. is a vertically integrated real estate finance company that primarily originates and manages business purpose loans secured by 1-4-unit residential rental and small commercial properties. It originates loans nationwide across its network of independent mortgage brokers. The Company's portfolio provides loans held for investment. The Companyâs typical investor real estate loan is secured by a first lien on the underlying property with the added protection of a personal guarantee. Its portfolio of loans held for investment totaled $4.1 billion of unpaid principal balance (UPB) on properties in 45 states and the District of Columbia. The Company funds its portfolio primarily through a combination of committed and uncommitted secured warehouse facilities, securitized debt, corporate debt and equity.

Sector

Consumer Lending

Calendar

2024-05-02 - Q1 2024 Earnings Release

Related indices

Russell 2000

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Ratings for Velocity Financial, Inc.

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Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

17.01 USD

Average target price

18.38 USD

Spread / Average Target

+8.02%

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