Velocity financial executive VP Taylor sells $82,529 in shares
Jeffrey T. Taylor, Executive Vice President of Capital Markets at Velocity Financial, Inc., sold 4,330 shares of the company's common stock on August 11, 2026. The total value of the shares sold amounted to $82,529, with each share priced between $19.00 and $19.19. The weighted average sale price was $19.06 per share. Following these transactions, Taylor still owns 172,490 shares of Velocity Financial common stock.
The stock is currently trading at $18.24, with a market capitalization of $720 million and a price-to-earnings ratio of 6.72. According to InvestingPro analysis, Velocity Financial appears to be overvalued compared to its fair value, placing it on the list of most overvalued stocks. Investors interested in a detailed analysis can access Velocity Financial's Pro Research Report, which covers the company and over 1,400 other US equities.
Additionally, Velocity Financial recently reported its second-quarter 2026 earnings, showing a solid performance with a 1.4% increase in core net income to $27.9 million, as well as a 1.4% rise in its diluted book value per share to $18.43. However, the company experienced a slight decrease in GAAP net income by 3.2%, amounting to $25.2 million due to a higher tax rate.
Pre-tax income, on the other hand, increased by 3.9% to $35.2 million. Despite these financial updates, Velocity Financial's stock price remained unchanged during after-hours trading.
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