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| 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 |
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)
Third Quarter Highlights: Net income of $15.8 million, up 30.8% from $12.1 million for 3Q23. Diluted EPS of $0.44, up $0.09 from $0.35 per share for 3Q23 Core net income(1) of $16.9 million, an increase of 31.2% from $12.9 million for 3Q23. Core diluted EPS(1) of $0.47, up from $0.37 per share for 3Q23 Loan production of $476.8 million in UPB, a 12.9% and 64.1% increase from 2Q24 and 3Q23, respectively Nonperforming loans as a percentage of Held for Investment (HFI)(2) loans was 10.6%, up slightly from 10.5% as of June 30, 2024, and 10.1% as of September 30, 2023, respectively Resolutions of nonperforming loans (NPL) and real estate owned (REO) totaled $68.6 million in UPB Reali
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 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 minu
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
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
4 - Velocity Financial, Inc. (0001692376) (Issuer)
4 - Velocity Financial, Inc. (0001692376) (Issuer)
4 - Velocity Financial, Inc. (0001692376) (Issuer)
Third Quarter Highlights: Net income of $15.8 million, up 30.8% from $12.1 million for 3Q23. Diluted EPS of $0.44, up $0.09 from $0.35 per share for 3Q23 Core net income(1) of $16.9 million, an increase of 31.2% from $12.9 million for 3Q23. Core diluted EPS(1) of $0.47, up from $0.37 per share for 3Q23 Loan production of $476.8 million in UPB, a 12.9% and 64.1% increase from 2Q24 and 3Q23, respectively Nonperforming loans as a percentage of Held for Investment (HFI)(2) loans was 10.6%, up slightly from 10.5% as of June 30, 2024, and 10.1% as of September 30, 2023, respectively Resolutions of nonperforming loans (NPL) and real estate owned (REO) totaled $68.6 million in UPB Reali
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 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 minu
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
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