Security National Financial (NASDAQ:SNFCA) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of Security National Financial Corporation (NASDAQ:SNFCA) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $9.59 and traded as high as $9.85. Security National Financial shares last traded at $9.69, with a volume of 27,577 shares.

Analyst Upgrades and Downgrades

Several brokerages have commented on SNFCA. Wall Street Zen downgraded Security National Financial from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Security National Financial in a research report on Monday, April 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Security National Financial currently has a consensus rating of “Hold”.

Security National Financial Stock Performance

The firm has a market capitalization of $252.33 million, a P/E ratio of 7.13 and a beta of 0.70. The stock’s 50 day simple moving average is $9.59 and its 200 day simple moving average is $9.28.

Security National Financial shares are scheduled to split before the market opens on Friday, July 10th. The 1.05-1 split was recently announced. The newly created shares will be payable to shareholders after the market closes on Thursday, July 9th.

Security National Financial (NASDAQ:SNFCA) last posted its quarterly earnings results on Monday, May 11th. The credit services provider reported $0.27 earnings per share for the quarter. The firm had revenue of $79.73 million during the quarter. Security National Financial had a net margin of 10.19% and a return on equity of 8.95%.

Insiders Place Their Bets

In other Security National Financial news, Director Gilbert A. Fuller sold 10,000 shares of the company’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $9.45, for a total value of $94,500.00. Following the completion of the sale, the director directly owned 31,973 shares in the company, valued at approximately $302,144.85. This represents a 23.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.00% of the stock is currently owned by company insiders.

Institutional Trading of Security National Financial

Several institutional investors and hedge funds have recently made changes to their positions in the company. Veradace Capital Management LLC purchased a new position in Security National Financial during the fourth quarter valued at approximately $3,181,000. Geode Capital Management LLC grew its stake in Security National Financial by 134.4% in the second quarter. Geode Capital Management LLC now owns 308,665 shares of the credit services provider’s stock valued at $3,041,000 after purchasing an additional 176,996 shares during the last quarter. Raymond James Financial Inc. raised its holdings in Security National Financial by 1,404.7% in the second quarter. Raymond James Financial Inc. now owns 151,688 shares of the credit services provider’s stock worth $1,494,000 after purchasing an additional 141,607 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Security National Financial by 21.7% during the third quarter. Ameriprise Financial Inc. now owns 569,295 shares of the credit services provider’s stock valued at $4,936,000 after buying an additional 101,477 shares during the last quarter. Finally, Verdad Advisers LP bought a new stake in shares of Security National Financial in the 4th quarter valued at about $728,000. 45.58% of the stock is currently owned by institutional investors.

About Security National Financial

Security National Financial Corp. is a diversified provider of mortgage lending, settlement and technology services under the NASDAQ ticker SNFCA. Through its primary subsidiaries—Security National Mortgage Company and Titan Lenders Corp—the company originates and funds residential mortgage loans across retail, wholesale and correspondent channels. Its platform supports a full range of loan products, including conventional, government-insured and jumbo financing tailored to homebuyers and investors.

Established in 1989, Security National Mortgage Company operates a nationwide branch network in all 50 states, offering local origination backed by centralized underwriting and closing services.