S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Stock market today: Asian stocks track Wall Street's decline as Middle East tensions escalate
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Stock market today: Asian stocks track Wall Street's decline as Middle East tensions escalate
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Stock market today: Asian stocks track Wall Street's decline as Middle East tensions escalate
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Stock market today: Asian stocks track Wall Street's decline as Middle East tensions escalate
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
NYSE:VEL

Velocity Financial (VEL) Stock Price, News & Analysis

$16.48
+0.26 (+1.60%)
(As of 04/12/2024 08:52 PM ET)
Today's Range
$15.97
$16.68
50-Day Range
$15.66
$18.49
52-Week Range
$8.11
$19.08
Volume
16,200 shs
Average Volume
18,097 shs
Market Capitalization
$543.71 million
P/E Ratio
10.84
Dividend Yield
N/A
Price Target
$15.88

Velocity Financial MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
3.7% Downside
$15.88 Price Target
Short Interest
Bearish
2.61% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.00mentions of Velocity Financial in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.69%
From $1.69 to $1.82 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.65 out of 5 stars

Finance Sector

805th out of 843 stocks

Nondepository Credit Institutions Industry

40th out of 45 stocks

VEL stock logo

About Velocity Financial Stock (NYSE:VEL)

Velocity Financial, Inc. operates as a real estate finance company in the United States. It originates, securitizes, and manages a portfolio of loans, which are secured by first mortgage liens on income-producing and/or owner/user commercial properties, including investor 1-4, a non-owner occupied residential rental properties with 1-4 units; residential apartments combined with office or retail space; and multi-family comprising traditional apartment buildings, condominiums, and other residential properties with 5+ units. The company also finances for retail properties with various types of retail products and merchandise or services; commercial properties occupied by professional or business offices; and warehouse and other properties, which include self-storage units, auto services, hospitality, light industrial, and other commercial enterprises, as well as provides short-term and interest-only loans for acquisition and improvement of 1-4-unit residential properties. It offers its products through a network of independent mortgage brokers for independent real estate investors and small business owners. The company was founded in 2004 and is headquartered in Westlake Village, California.

VEL Stock Price History

VEL Stock News Headlines

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Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…
VEL Velocity Financial, Inc.
Donald Trump, Come On Down
See More Headlines
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Company Calendar

Last Earnings
3/07/2024
Today
4/14/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Nondepository credit institutions
Sub-Industry
N/A
Fax
N/A
Employees
253
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$15.88
High Stock Price Target
$20.00
Low Stock Price Target
$13.00
Potential Upside/Downside
-3.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$52.27 million
Pretax Margin
61.96%

Debt

Sales & Book Value

Annual Sales
$156.03 million
Cash Flow
$2.27 per share
Book Value
$13.33 per share

Miscellaneous

Free Float
31,672,000
Market Cap
$543.71 million
Optionable
Optionable
Beta
1.04
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Key Executives

  • Mr. Christopher D. Farrar (Age 57)
    Co-Founder, CEO, President & Director
    Comp: $2.48M
  • Mr. Mark R. Szczepaniak (Age 66)
    Chief Financial Officer
    Comp: $1.17M
  • Mr. Jeffrey T. Taylor (Age 55)
    Executive Vice President of Capital Markets
    Comp: $929.19k
  • Mr. Joseph A. Cowell (Age 43)
    Chief Operating Officer
    Comp: $420.6k
  • Ms. Fiona Tam (Age 53)
    Chief Accounting Officer
  • Mr. Christopher J. Oltmann (Age 58)
    Corporate Treasurer & Director of Investor Relations
  • Mr. Roland Thomas Kelly (Age 53)
    Chief Legal Officer, General Counsel & Corporate Secretary

VEL Stock Analysis - Frequently Asked Questions

Should I buy or sell Velocity Financial stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Velocity Financial in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" VEL shares.
View VEL analyst ratings
or view top-rated stocks.

What is Velocity Financial's stock price target for 2024?

4 equities research analysts have issued 1-year price targets for Velocity Financial's shares. Their VEL share price targets range from $13.00 to $20.00. On average, they predict the company's share price to reach $15.88 in the next year. This suggests that the stock has a possible downside of 3.7%.
View analysts price targets for VEL
or view top-rated stocks among Wall Street analysts.

How have VEL shares performed in 2024?

Velocity Financial's stock was trading at $17.22 on January 1st, 2024. Since then, VEL shares have decreased by 4.3% and is now trading at $16.48.
View the best growth stocks for 2024 here
.

When is Velocity Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our VEL earnings forecast
.

How were Velocity Financial's earnings last quarter?

Velocity Financial, Inc. (NYSE:VEL) released its earnings results on Thursday, March, 7th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.10. The business earned $30.72 million during the quarter, compared to analysts' expectations of $28.50 million. Velocity Financial had a trailing twelve-month return on equity of 12.91% and a net margin of 48.51%. During the same quarter last year, the company posted $0.27 EPS.

What other stocks do shareholders of Velocity Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Velocity Financial investors own include Advanced Micro Devices (AMD), OPKO Health (OPK), Boxlight (BOXL), ChromaDex (CDXC), Daré Bioscience (DARE), Genocea Biosciences (GNCA), CarParts.com (PRTS) and Trevena (TRVN).

When did Velocity Financial IPO?

Velocity Financial (VEL) raised $110 million in an IPO on Friday, January 17th 2020. The company issued 7,300,000 shares at a price of $14.00-$16.00 per share. Wells Fargo Securities, Citigroup and JMP Securities served as the underwriters for the IPO and Raymond James was co-manager.

How do I buy shares of Velocity Financial?

Shares of VEL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:VEL) was last updated on 4/15/2024 by MarketBeat.com Staff

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