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Velocity Financial (VEL)

(Delayed Data from NYSE)

$16.87 USD

16.87
10,696

0.00 (0.00%)

Updated Apr 25, 2024 04:00 PM ET

After-Market: $16.77 -0.10 (-0.59%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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1-Strong Buy of 5 1        

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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D Value C Growth D Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 27% (183 out of 251)

Industry: Financial - Mortgage & Related Services

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Balance Sheet

Research for VEL

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Velocity Financial, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 4,196 3,611 2,577 1,970 1,894
Receivables 94 67 76 75 54
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 89 34 119 40 241
Total Current Assets 4,379 3,711 2,771 2,085 2,189
Net Property & Equipment 3 3 4 4 5
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 2 5 17 7 8
Intangibles 15 16 14 0 0
Deposits & Other Assets 5 14 7 7 13
Total Assets 4,405 3,749 2,812 2,103 2,215
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 122 92 92 63 56
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 122 92 92 63 56
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 3,507 2,946 2,075 1,654 1,584
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 338 331 301 76 422
Minority Interest (Liabilities) 0 0 0 90 0
Total Liabilities 3,968 3,368 2,468 1,883 2,062
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 307 300 296 204 0
Retained Earnings 129 77 44 15 0
Other Equity 2 4 3 0 153
Treasury Stock 1 0 0 0 0
Total Shareholder's Equity 437 381 344 220 153
Total Liabilities & Shareholder's Equity 4,405 3,749 2,812 2,103 2,215
Total Common Equity 437 381 344 220 153
Shares Outstanding 32.70 32.40 32.20 20.00 19.00
Book Value Per Share 13.36 11.74 10.70 10.98 8.04

Fiscal Year End for Velocity Financial, Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 4,196 3,964 3,814 3,694
Receivables NA 94 70 65 66
Notes Receivable NA 0 0 0 0
Inventories NA 0 0 0 0
Other Current Assets NA 89 54 43 43
Total Current Assets NA 4,379 4,089 3,922 3,803
Net Property & Equipment NA 3 3 3 3
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 2 1 2 3
Intangibles NA 15 17 16 16
Deposits & Other Assets NA 5 8 8 12
Total Assets NA 4,405 4,117 3,951 3,837
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 122 98 95 85
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities NA 122 98 95 85
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 3,507 3,384 3,215 3,063
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 215 236 298
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 3,968 3,697 3,546 3,446
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 307 305 303 301
Retained Earnings NA 129 112 99 87
Other Equity NA 2 5 4 4
Treasury Stock NA 1 1 1 1
Total Shareholder's Equity NA 437 420 405 391
Total Liabilities & Shareholder's Equity NA 4,405 4,117 3,951 3,837
Total Common Equity 0 437 420 405 391
Shares Outstanding 32.90 32.70 32.70 32.60 32.60
Book Value Per Share 0.00 13.36 12.84 12.43 12.00