Velocity Financial Inc. (VEL)
NYSE NYSE Primary 
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.
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.
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.
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.
Is Velocity Financial (VEL) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Velocity Financial (VEL) Upgraded to Strong Buy: Here's Why
Velocity Financial (VEL) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Velocity Financial, Inc. (VEL) Q2 2024 Earnings Call Transcript
Velocity Financial, Inc. (NYSE:VEL ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Chris Oltmann - Treasurer Chris Farrar - President & CEO Mark Szczepaniak - CFO Conference Call Participants Stephen Laws - Raymond James Steve Delaney - Citizens JMP Eric Hagen - BTIG Operator Good afternoon, and welcome to the Velocity Financial Q2 2024 Conference Call. All participants will be in listen-only mode.
Velocity Financial (VEL) Tops Q2 Earnings Estimates
Velocity Financial (VEL) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.38 per share a year ago.
Velocity Financial (VEL) Upgraded to Strong Buy: Here's What You Should Know
Velocity Financial (VEL) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
