Financial Services -
Financial - Mortgages - NYSE - US
$ 17.25
-3.9 %
$ 587 M
Market Cap
9.03
P/E
1. INTRINSIC VALUE
Balance Sheet
Velocity Financial, Inc.
| Current Assets | 86.5 M |
| Cash & Short-Term Investments | 49.9 M |
| Receivables | 36.6 M |
| Other Current Assets | 0 |
| Non-Current Assets | 22 M |
| Long-Term Investments | 0 |
| PP&E | 1.65 M |
| Other Non-Current Assets | 20.4 M |
| Current Liabilities | 148 M |
| Accounts Payable | 148 M |
| Short-Term Debt | 348 M |
| Other Current Liabilities | -348 M |
| Non-Current Liabilities | 4.51 B |
| Long-Term Debt | 4.51 B |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
Velocity Financial, Inc.
| Revenue | 212 M |
| Cost Of Revenue | 0 |
| Gross Profit | 212 M |
| Operating Expenses | 140 M |
| Operating Income | 101 M |
| Other Expenses | 32.9 M |
| Net Income | 68.5 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Velocity Financial, Inc.
| Net Income | 68.5 M |
| Depreciation & Amortization | 2 M |
| Capital Expenditures | -289 K |
| Stock-Based Compensation | 6.16 M |
| Change in Working Capital | 0 |
| Others | -27.4 M |
| Free Cash Flow | 37.5 M |
Wall Street Analysts Price Targets
Velocity Financial, Inc.
Wall Street analysts predict an average 1-year price target for VEL of $22.5 , with forecasts ranging from
a
low of
$22 to a high of $23 .
VEL Lowest Price Target
Wall Street Target
22 USD
27.54%
VEL Average Price Target
Wall Street Target
22.5 USD
30.43%
VEL Highest Price Target
Wall Street Target
23 USD
33.33%
4. DIVIDEND
ANALYSIS
VEL does not distribute dividends.
5. COMPETITION
6. Ownership
Insider Ownership
Velocity Financial, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
2 years ago
Mar 13, 2023
|
Bought
24.8 K USD
|
Pitstick John
Director
|
+ 3000
|
8.27 USD |
|
4 years ago
Sep 04, 2020
|
Bought
23.9 K USD
|
Pitstick John
Director
|
+ 5000
|
4.78 USD |
|
4 years ago
Aug 18, 2020
|
Bought
5.02 K USD
|
Taylor Jeffrey T.
Executive VP, Capital Markets
|
+ 1200
|
4.1797 USD |
|
4 years ago
Aug 18, 2020
|
Bought
20.5 K USD
|
Farrar Christopher D.
Chief Executive Officer
|
+ 5000
|
4.1 USD |
|
4 years ago
May 29, 2020
|
Bought
76.7 K USD
|
Pitstick John
Director
|
+ 20000
|
3.8356 USD |
|
4 years ago
May 26, 2020
|
Bought
20.8 K USD
|
Szczepaniak Mark R
Chief Financial Officer
|
+ 6400
|
3.25 USD |
|
4 years ago
May 19, 2020
|
Bought
3.42 K USD
|
Taylor Jeffrey T.
Executive VP, Capital Markets
|
+ 1200
|
2.85 USD |
|
4 years ago
May 21, 2020
|
Bought
3.37 K USD
|
Oltmann Christopher J
Chief Accounting Officer
|
+ 1000
|
3.37 USD |
|
4 years ago
May 19, 2020
|
Bought
10.2 K USD
|
Comley Graham M
See Remarks
|
+ 4000
|
2.56 USD |
|
4 years ago
May 19, 2020
|
Bought
4.16 K USD
|
Cowell Joseph A
Chief Operating Officer
|
+ 1500
|
2.77 USD |
|
5 years ago
Jan 24, 2020
|
Bought
9.94 K USD
|
Cowell Joseph A
Chief Operating Officer
|
+ 722
|
13.77 USD |
|
5 years ago
Jan 24, 2020
|
Bought
10.4 K USD
|
Oltmann Christopher J
Chief Accounting Officer
|
+ 750
|
13.91 USD |
7. News
Velocity Financial Is Firing On All Cylinders
Velocity Financial produced another strong quarter, with shares still in the same trading range, and management is optimistic about FY25. The company's business is less rate-sensitive, focusing on real estate investors needing capital for property acquisition and management. Velocity's vertically integrated model involves originating, securitizing, and managing loans secured by various real estate types.
seekingalpha.com
- 1 month ago
Velocity Financial, Inc. (VEL) Q4 2024 Earnings Call Transcript
Velocity Financial, Inc. (NYSE:VEL ) Q4 2024 Earnings Conference Call March 6, 2025 5:00 PM ET Company Participants Chris Oltmann - Director, Investor Relations Chris Farrar - President & Chief Executive Officer Mark Szczepaniak - Chief Financial Officer Conference Call Participants Steven Laws - Raymond James Steve Delaney - Citizen Capital Markets Eric Hagan - BTIG Operator Good day and welcome to the Velocity Financial Fourth Quarter and Full Year 2024 Conference Call. All participants will be in listen-only mode.
seekingalpha.com
- 1 month ago
Velocity Financial (VEL) Beats Q4 Earnings and Revenue Estimates
Velocity Financial (VEL) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.46 per share a year ago.
zacks.com
- 1 month ago
Velocity Financial, Inc. Reports Fourth Quarter and Full Year 2024 Results
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company), a leader in business purpose loans, reported net income of $68.4 million and core net income of $72.9 million for the full year 2024, compared to net income of $52.3 million and core net income of $53.4 million for the full year 2023. Earnings and core earnings per diluted share were $1.91 and $2.03, respectively, for the full year 2024, compared to $1.52 and $1.54 for the full year 2023.
businesswire.com
- 1 month ago
Velocity Financial, Inc. Announces Date of Fourth Quarter and Full-Year 2024 Financial Results Webcast and Conference Call
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--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 lis.
businesswire.com
- 2 months ago
Velocity Financial price target raised to $23 from $20 at BTIG
BTIG raised the firm's price target on Velocity Financial to $23 from $20 and keeps a Buy rating on the shares after its Q3 results. The stock's valuation has remained especially stable against this recent move up in rates, unlike the majority of residential and commercial lenders whose read-thru for forward loan production may be more sensitive to current conditions, the analyst tells investors in a research note. Velocity shares are also reflecting a somewhat "ideal" size/scale for this environment, where it's become big and established enough to have a book of repeat business, while at the same time there's easily room for the balance sheet to be bigger, BTIG added.
https://thefly.com
- 5 months ago
Velocity Financial, Inc. (VEL) Q3 2024 Earnings Call Transcript
Velocity Financial, Inc. (NYSE:VEL ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Chris Oltmann - Director of Investor Relations Chris Farrar - President & CEO Mark Szczepaniak - CFO Conference Call Participants Stephen Laws - Raymond James Don Fandetti - Wells Fargo Steve Delaney - Citizens JMP Securities Eric Hagen - BTIG Operator Good day and welcome to the Velocity Financial Third Quarter 2024 Conference Call. All participants will be in listen-only mode.
seekingalpha.com
- 5 months ago
Velocity Financial (VEL) Meets Q3 Earnings Estimates
Velocity Financial (VEL) came out with quarterly earnings of $0.47 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.37 per share a year ago.
zacks.com
- 5 months ago
Velocity Financial, Inc. Announces Date of Third Quarter 2024 Financial Results Webcast and Conference Call
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--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 mod.
businesswire.com
- 5 months ago
Plunge in Mortgage Rates Spurs Refinancing Surge - Consider PFSI, VEL, GHLD
With refinancing activities surging as homeowners seek interest rate relief, stocks such as PennyMac, Velocity Financial and Guild are poised to gain.
zacks.com
- 6 months ago
Velocity Financial Should Continue To Do Well
Velocity Financial benefits from bank constraints, showing impressive growth by targeting smaller investors and leveraging its 19-year reputation and automated data analytics systems. The company's growth strategy includes expanding its mortgage broker network, developing new products, and acquiring loan portfolios, supported by a robust funding structure. Despite rising operating costs, Velocity's earnings are strong, with a significant cash flow and an adjusted book value of nearly $17 per share.
seekingalpha.com
- 6 months ago
Lower Mortgage Rates Driving Refinancing Activities: Three Stocks to Buy
Investors can consider buying stocks like VEL, ONIT and PFSI with the decline in mortgage rates and an increase in refinancing activities.
zacks.com
- 6 months ago
8. Profile
Summary
Velocity Financial, Inc. VEL
COUNTRY
US
INDUSTRY
Financial - Mortgages
MARKET CAP
$ 587 M
Dividend Yield
0.00%
Description
Velocity Financial, Inc. operates as a real estate finance company in the United States. It primarily originates and manages investor loans secured by 14 unit residential rental and small commercial properties. The company offers its products through a network of independent mortgage brokers. Velocity Financial, Inc. was founded in 2004 and is headquartered in Westlake Village, California.
Contact
30699 Russell Ranch Road, Westlake Village, CA, 91362
https://www.velfinance.com
IPO
Date
Jan. 17, 2020
Employees
309
Officers
Mr. Roland Thomas Kelly J.D.
Chief Legal Officer, General Counsel & Corporate Secretary
Mr. Mark R. Szczepaniak
Chief Financial Officer
Mr. Christopher J. Oltmann
Corporate Treasurer & Director of Investor Relations
Ms. Fiona Tam
Chief Accounting Officer
Mr. Jeffrey T. Taylor
Executive Vice President of Capital Markets
Mr. Joseph A. Cowell
Chief Operating Officer
Mr. Christopher D. Farrar
Co-Founder, Chief Executive Officer, President & Director