Velocity Financial, Inc. operates as a real estate finance company in the United States. The company primarily originates and manages investor loans secured by 1-4 unit residential rental and small commercial properties. It offers its products through a network of independent mortgage brokers. The company was founded in 2004 and is headquartered in Westlake Village, California.
IPO Year: 2020
Exchange: NYSE
Website: velfinance.com
| 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 |
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Velocity Financial, Inc. (NYSE:VEL) ("Velocity" or "Company"), a leader in investor real estate loans, will release its third quarter 2025 results after the market close on Thursday, November 6, 2025. 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 join the webcast, please go to Velocity's website at least 15 minute
Velocity Financial, Inc. (NYSE:VEL) ("Velocity" or "Company"), a leader in investor real estate loans, announced today the dual listing of its common stock on NYSE Texas, Inc. ("NYSE Texas"), the newly launched fully electronic equities exchange headquartered in Dallas, Texas. Velocity will maintain its primary listing on the New York Stock Exchange ("NYSE") and continue to trade under the same ticker symbol, "VEL," on the NYSE and NYSE Texas. "We are pleased to join the NYSE Texas as a Founding Member, strengthening our roots in the state and we are excited to further support Texas business development with this dual listing," said Chris Farrar, Velocity's Chief Executive Officer. "A
Second Quarter Highlights Financial Results Net income of $26.0 million, an increase of 75.9% from $14.8 million for 2Q24. Diluted EPS of $0.69, an increase of $0.27 from $0.42 per share for 2Q24 Driven by record production volume and strong portfolio earnings Core net income of $27.5 million, an increase of 72.6% from $15.9 million for 2Q24. Core diluted EPS of $0.73, an increase from $0.45 per share for 2Q24 Core net income and Core diluted EPS are non-GAAP financial measures. Non-GAAP core adjustments included stock-based compensation expenses and costs related to the Company's employee stock purchase plan Diluted book value per common share of $15.62, an increase o
Velocity Financial, Inc. (NYSE:VEL) ("Velocity" or "Company"), a leader in investor real estate loans, will release its second quarter 2025 results after the market close on Thursday, August 7, 2025. 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 mi
Velocity Financial, Inc. (NYSE:VEL), ("Velocity" or the "Company"), a leader in investor real estate loans, today announced that Kroll Bond Rating Agency ("KBRA") has reviewed the ratings on 26 of the outstanding securitizations issued by its wholly-owned subsidiary, Velocity Commercial Capital, LLC, ("VCC") resulting in 344 rating affirmations and 14 rating upgrades of the underlying tranches. These ratings actions occurred in conjunction with KBRA's completion of a comprehensive surveillance review. KBRA's rating affirmations reflect "generally stable collateral and structure performance, as evidenced by increased credit support for the rated classes and minimal losses since issuance."
First Quarter Highlights: Net income of $18.9 million, up 9.5% from $17.3 million for 1Q24. Diluted EPS of $0.51, up $0.02 from $0.49 per share for 1Q24 Core net income(1) of $20.3 million, an increase of 11.0% from $18.2 million for 1Q24. Core diluted EPS(1) of $0.55, up from $0.51 per share for 1Q24 Record loan production of $640.4 million in UPB, a 13.7% and 69.1% increase from 4Q24 and 1Q24, respectively Nonperforming loans (NPL) as a percentage of HFI(2) loans were 10.8%, relatively consistent with 10.7% as of December 31, 2024, and 10.1% as of March 31, 2024, respectively Resolutions of NPL and real estate owned (REO) totaled $76.4 million in UPB Realized gains of $1.9 mil
Velocity Financial, Inc. (NYSE:VEL) ("Velocity" or "Company"), a leader in commercial investor loans, will release its first quarter 2025 results after the market close on Thursday, May 1, 2025. 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 minutes b
Fourth Quarter Highlights: Net income of $20.6 million, up 18.6% from $17.4 million for 4Q23. Diluted EPS of $0.57, up $0.07 from $0.50 per share for 4Q23 Core net income(1) of $21.8 million, an increase of 34.6% from $16.2 million for 4Q23. Core diluted EPS(1) of $0.60, up from $0.46 per share for 4Q23 Loan production of $563.5 million in UPB, an 18.2% and 60.0% increase from 3Q24 and 4Q23, respectively Year-to-date 2025 loan production through February of $429.4 million Nonperforming loans (NPL) as a percentage of Held for Investment (HFI)(2) loans was 10.7%, up slightly from 10.6% as of September 30, 2024, and 9.7% as of December 31, 2023, respectively Resolutions of NPL a
Velocity Financial, Inc. (NYSE:VEL) ("Velocity" or "Company"), a leader in commercial investor loans, will release its fourth quarter and full-year 2024 results after the market close on Thursday, March 6, 2025. 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
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
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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
Wells Fargo reiterated coverage of Velocity Financial with a rating of Overweight and set a new price target of $15.00 from $16.00 previously
Raymond James reiterated coverage of Velocity Financial with a rating of Outperform and set a new price target of $17.00 from $11.00 previously
JMP Securities reiterated coverage of Velocity Financial with a rating of Market Outperform and set a new price target of $14.00 from $12.00 previously
Raymond James reiterated coverage of Velocity Financial with a rating of Outperform and set a new price target of $11.00 from $10.00 previously
Raymond James reiterated coverage of Velocity Financial with a rating of Outperform and set a new price target of $10.00 from $8.00 previously
JMP Securities reiterated coverage of Velocity Financial with a rating of Market Outperform and set a new price target of $9.50 from $8.00 previously
Wells Fargo reiterated coverage of Velocity Financial with a rating of Overweight and set a new price target of $10.00 from $7.00 previously
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4 - Velocity Financial, Inc. (0001692376) (Issuer)
4 - Velocity Financial, Inc. (0001692376) (Issuer)
4 - Velocity Financial, Inc. (0001692376) (Issuer)
4 - Velocity Financial, Inc. (0001692376) (Issuer)
4 - Velocity Financial, Inc. (0001692376) (Issuer)
4 - Velocity Financial, Inc. (0001692376) (Issuer)
4 - Velocity Financial, Inc. (0001692376) (Issuer)
4 - Velocity Financial, Inc. (0001692376) (Issuer)
4 - Velocity Financial, Inc. (0001692376) (Issuer)
4 - Velocity Financial, Inc. (0001692376) (Issuer)
CERT - Velocity Financial, Inc. (0001692376) (Filer)
8-A12B - Velocity Financial, Inc. (0001692376) (Filer)
SCHEDULE 13G/A - Velocity Financial, Inc. (0001692376) (Subject)
8-K - Velocity Financial, Inc. (0001692376) (Filer)
8-K - Velocity Financial, Inc. (0001692376) (Filer)
10-Q - Velocity Financial, Inc. (0001692376) (Filer)
8-K - Velocity Financial, Inc. (0001692376) (Filer)
S-8 - Velocity Financial, Inc. (0001692376) (Filer)
8-K - Velocity Financial, Inc. (0001692376) (Filer)
8-K - Velocity Financial, Inc. (0001692376) (Filer)
Live Leadership Updates
Velocity Financial, Inc. (NYSE:VEL) ("Velocity" or "Company"), a leader in investor real estate loans, announced today the dual listing of its common stock on NYSE Texas, Inc. ("NYSE Texas"), the newly launched fully electronic equities exchange headquartered in Dallas, Texas. Velocity will maintain its primary listing on the New York Stock Exchange ("NYSE") and continue to trade under the same ticker symbol, "VEL," on the NYSE and NYSE Texas. "We are pleased to join the NYSE Texas as a Founding Member, strengthening our roots in the state and we are excited to further support Texas business development with this dual listing," said Chris Farrar, Velocity's Chief Executive Officer. "A
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Velocity Financial, Inc. (NYSE:VEL) ("Velocity" or "Company"), a leader in investor real estate loans, will release its third quarter 2025 results after the market close on Thursday, November 6, 2025. 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 join the webcast, please go to Velocity's website at least 15 minute
Second Quarter Highlights Financial Results Net income of $26.0 million, an increase of 75.9% from $14.8 million for 2Q24. Diluted EPS of $0.69, an increase of $0.27 from $0.42 per share for 2Q24 Driven by record production volume and strong portfolio earnings Core net income of $27.5 million, an increase of 72.6% from $15.9 million for 2Q24. Core diluted EPS of $0.73, an increase from $0.45 per share for 2Q24 Core net income and Core diluted EPS are non-GAAP financial measures. Non-GAAP core adjustments included stock-based compensation expenses and costs related to the Company's employee stock purchase plan Diluted book value per common share of $15.62, an increase o
Velocity Financial, Inc. (NYSE:VEL) ("Velocity" or "Company"), a leader in investor real estate loans, will release its second quarter 2025 results after the market close on Thursday, August 7, 2025. 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 mi
First Quarter Highlights: Net income of $18.9 million, up 9.5% from $17.3 million for 1Q24. Diluted EPS of $0.51, up $0.02 from $0.49 per share for 1Q24 Core net income(1) of $20.3 million, an increase of 11.0% from $18.2 million for 1Q24. Core diluted EPS(1) of $0.55, up from $0.51 per share for 1Q24 Record loan production of $640.4 million in UPB, a 13.7% and 69.1% increase from 4Q24 and 1Q24, respectively Nonperforming loans (NPL) as a percentage of HFI(2) loans were 10.8%, relatively consistent with 10.7% as of December 31, 2024, and 10.1% as of March 31, 2024, respectively Resolutions of NPL and real estate owned (REO) totaled $76.4 million in UPB Realized gains of $1.9 mil
Velocity Financial, Inc. (NYSE:VEL) ("Velocity" or "Company"), a leader in commercial investor loans, will release its first quarter 2025 results after the market close on Thursday, May 1, 2025. 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 minutes b
Fourth Quarter Highlights: Net income of $20.6 million, up 18.6% from $17.4 million for 4Q23. Diluted EPS of $0.57, up $0.07 from $0.50 per share for 4Q23 Core net income(1) of $21.8 million, an increase of 34.6% from $16.2 million for 4Q23. Core diluted EPS(1) of $0.60, up from $0.46 per share for 4Q23 Loan production of $563.5 million in UPB, an 18.2% and 60.0% increase from 3Q24 and 4Q23, respectively Year-to-date 2025 loan production through February of $429.4 million Nonperforming loans (NPL) as a percentage of Held for Investment (HFI)(2) loans was 10.7%, up slightly from 10.6% as of September 30, 2024, and 9.7% as of December 31, 2023, respectively Resolutions of NPL a
Velocity Financial, Inc. (NYSE:VEL) ("Velocity" or "Company"), a leader in commercial investor loans, will release its fourth quarter and full-year 2024 results after the market close on Thursday, March 6, 2025. 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
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
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SC 13D/A - Velocity Financial, Inc. (0001692376) (Subject)
SC 13D/A - Velocity Financial, Inc. (0001692376) (Subject)
SC 13G/A - Velocity Financial, Inc. (0001692376) (Subject)
SC 13D/A - Velocity Financial, Inc. (0001692376) (Subject)
SC 13G/A - Velocity Financial, Inc. (0001692376) (Subject)
SC 13G/A - Velocity Financial, Inc. (0001692376) (Subject)
SC 13G/A - Velocity Financial, Inc. (0001692376) (Subject)
SC 13G/A - Velocity Financial, Inc. (0001692376) (Subject)
SC 13G/A - Velocity Financial, Inc. (0001692376) (Subject)
SC 13G/A - Velocity Financial, Inc. (0001692376) (Subject)