Date | Price Target | Rating | Analyst |
---|---|---|---|
9/20/2024 | $20.00 | Overweight → Underweight | Wells Fargo |
10/23/2023 | $14.00 | Buy | BTIG Research |
10/13/2022 | $14.00 → $11.00 | Buy → Neutral | Citigroup |
3/11/2022 | $16.00 → $15.00 | Overweight | Wells Fargo |
8/10/2021 | $11.00 → $17.00 | Outperform | Raymond James |
8/6/2021 | $12.00 → $14.00 | Market Outperform | JMP Securities |
Second Quarter Highlights: Net income of $14.7 million, up 21.3% from $12.2 million for 2Q23. Diluted EPS of $0.42, up $0.06 from $0.36 per share for 2Q23 Core net income(1) of $15.9 million, an increase of 23.1% from $12.9 million for 2Q23. Core diluted EPS(1) of $0.45, up from $0.38 per share for 2Q23 Loan production of $422.2 million in UPB, an 11.5% and 63.2% increase from 1Q24 and 2Q23, respectively Nonperforming loans as a percentage of Held for Investment (HFI) loans was 10.5%, up slightly from 10.1% as of March 31, 2024, and 10.0% as of June 30, 2023, respectively Resolutions of nonperforming loans (NPL) and real estate owned (REO) totaled $80.7 million in UPB Reali
Velocity Financial, Inc. (NYSE:VEL) ("Velocity" or "Company"), a leader in commercial investor loans, will release its second quarter 2024 results after the market close on Thursday, August 1, 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 mode and can be accessed through the Events and Presentations section of the Company's Investor Relations website at https://www.velfinance.com/events-and-presentations. To listen to the webcast, please go to Velocity's website at least 15 min
First Quarter Highlights: Net income of $17.3 million, up 62.0% from $10.6 million for 1Q23. Diluted EPS of $0.49, up $0.18 from $0.31 per share for 1Q23 Core net income(1) of $18.2 million, an increase of 60.4% from $11.4 million for 1Q23. Core diluted EPS(1) of $0.51, up from $0.33 per share for 1Q23 Loan production of $378.7 million in UPB, a 7.5% increase from 4Q23 and 74.5% from 1Q23 Loan production in April 2024 totaled $129.0 million with an 11.0% weighted average coupon (WAC) Nonperforming loans as a percentage of Held for Investment (HFI) loans was 10.1%, up slightly from the 9.7% as of December 31, 2023, and an increase from 8.7% as of March 31, 2023 Resoluti
8-K - Velocity Financial, Inc. (0001692376) (Filer)
8-K - Velocity Financial, Inc. (0001692376) (Filer)
8-K - Velocity Financial, Inc. (0001692376) (Filer)
SC 13D/A - Velocity Financial, Inc. (0001692376) (Subject)
SC 13D/A - Velocity Financial, Inc. (0001692376) (Subject)
SC 13G/A - Velocity Financial, Inc. (0001692376) (Subject)
Second Quarter Highlights: Net income of $14.7 million, up 21.3% from $12.2 million for 2Q23. Diluted EPS of $0.42, up $0.06 from $0.36 per share for 2Q23 Core net income(1) of $15.9 million, an increase of 23.1% from $12.9 million for 2Q23. Core diluted EPS(1) of $0.45, up from $0.38 per share for 2Q23 Loan production of $422.2 million in UPB, an 11.5% and 63.2% increase from 1Q24 and 2Q23, respectively Nonperforming loans as a percentage of Held for Investment (HFI) loans was 10.5%, up slightly from 10.1% as of March 31, 2024, and 10.0% as of June 30, 2023, respectively Resolutions of nonperforming loans (NPL) and real estate owned (REO) totaled $80.7 million in UPB Reali
Velocity Financial, Inc. (NYSE:VEL) ("Velocity" or "Company"), a leader in commercial investor loans, will release its second quarter 2024 results after the market close on Thursday, August 1, 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 mode and can be accessed through the Events and Presentations section of the Company's Investor Relations website at https://www.velfinance.com/events-and-presentations. To listen to the webcast, please go to Velocity's website at least 15 min
Velocity Financial, Inc. (NYSE:VEL), ("Velocity" or the "Company"), a leader in business purpose loans, today announced that Kroll Bond Rating Agency ("KBRA") has reviewed the ratings on 19 of the outstanding securitizations issued by its wholly-owned subsidiary, Velocity Commercial Capital, LLC ("VCC") resulting in 271 rating affirmations and three rating upgrades of the underlying tranches. The rating actions occurred in conjunction with completing KBRA's comprehensive surveillance review. KBRA's rating affirmations reflect continued stable collateral and structure performance, as evidenced by increased credit support for the rated classes and minimal losses since issuance. The rating u
4 - Velocity Financial, Inc. (0001692376) (Issuer)
4 - Velocity Financial, Inc. (0001692376) (Issuer)
4 - Velocity Financial, Inc. (0001692376) (Issuer)
In the last three months, 7 analysts have published ratings on Velocity Financial (NYSE:VEL), offering a diverse range of perspectives from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 5 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 3 1 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $18.93, a high estimate of $22.00, and a low estimate of $17.50. Witnessing a pos
Raymond James analyst Stephen Laws reiterates Velocity Financial (NYSE:VEL) with a Outperform and raises the price target from $20 to $22.
- SEC Filing
Wells Fargo downgraded Velocity Financial from Overweight to Underweight and set a new price target of $20.00
BTIG Research initiated coverage of Velocity Financial with a rating of Buy and set a new price target of $14.00
Citigroup downgraded Velocity Financial from Buy to Neutral and set a new price target of $11.00 from $14.00 previously